Cash Dominion Event

Cash Dominion Event. Shall mean any time either (a) an Event of Default shall have occurred or (b) the Total Facility Usage Ratio (as defined in the Credit Agreement) exceeds 90% for a period of four (4) consecutive Business Days.

Cash Dominion Event. Means either (i) the occurrence and continuance of an Event of Default, or (ii) the failure of the Borrowers to maintain Availability in an amount equal to at least 30% of the then applicable Loan Cap for a period in excess of five (5) consecutive days, or (iii) the failure of the Borrowers, at any time, to maintain Availability in an amount equal to at least 20% of the then applicable Loan Cap. For purposes of this Agreement, the occurrence of a Cash Dominion Event shall be 2 ... deemed continuing at the Administrative Agent's option (a) so long as such Event of Default has not been waived, and/or (b) if the Cash Dominion Event arises as a result of the Borrowers' failure to achieve Availability as required hereunder, until the Borrowers maintain Availability in an amount equal to at least 30% of the then applicable Loan Cap for forty-five (45) consecutive days, in which case such Cash Dominion Event shall no longer be deemed to be continuing for purposes of this Agreement; provided that a Cash Dominion Event shall be deemed continuing (even if an Event of Default is no longer continuing and/or Availability exceeds the required amount for forty-five (45) consecutive days) at all times after a Cash Dominion Event has occurred and been discontinued on two (2) previous occasion(s) after March 4, 2011. View More

Cash Dominion Event. The definition of "Cash Dominion Event" in Section 1.24 of the Loan Agreement is hereby amended by deleting each reference to "$20,000,000" therein and replacing it with "15% of the Maximum Credit".