Examples of Waterfall Trigger Event in a sentence
Notwithstanding anything to the contrary herein, during the occurrence and continuance of a Waterfall Trigger Event, the Borrowers shall not make any voluntary prepayment of Term Loans without the consent of the Revolving Agent.
If a Waterfall Trigger Event has occurred and is continuing on such Payment Date, the Principal Reduction Amount shall be allocated first to reduce the Class Notional Amount of the Class A-H Reference Tranche until its Class Notional Amount is reduced to zero, and then to reduce the Class Notional Amount of the Class B Reference Tranche until its Class Notional Amount is reduced to zero.
Notwithstanding anything to the contrary herein, during the occurrence and continuance of a Waterfall Trigger Event, the Borrowers shall not, and shall not be permitted to, make any voluntary prepayment of Term Loans without the consent of the Revolving Agent.
Notwithstanding anything to the contrary contained in this Agreement, nothing contained in this Section 2 shall prevent the Required First Out Holders from giving a Waterfall Activation Notice at any time after the occurrence and during the continuance of a Waterfall Trigger Event.
The Final Accounting for each Phase (or Quarterly Tranche in the event of a Waterfall Trigger Event) shall be subject to the Servicer’s review and good faith approval, not to be unreasonably withheld or delayed.