Common use of Corrective Plans Clause in Contracts

Corrective Plans. Within thirty (30) days of (i) sending a notice to the RUS under Subsection (b) above that shows the Margins for Interest level specified by Section 13.14 of the Indenture was not achieved for any fiscal year, or (ii) being notified by the RUS that the Margins for Interest level specified by Section 13.14 of the Indenture was not achieved for any fiscal year, whichever is earlier, the Borrower in consultation with the RUS shall provide a written plan reasonably satisfactory to the RUS setting forth the actions that shall be taken to achieve the specified Margins for Interest level on a timely basis.

Corrective Plans. Within thirty (30) days of (i) sending a notice to the RUS under Subsection (ba) above that shows the Margins for Interest level specified by Section 13.14 of the Indenture was not achieved for any fiscal year, or (ii) being notified by the RUS that the Margins for Interest level specified by Section 13.14 of the Indenture was not achieved for any fiscal year, whichever is earlier, the Borrower in consultation with the RUS shall provide a written plan reasonably satisfactory to the RUS setting forth the actions that shall be taken to achieve the specified Margins for Interest level on a timely basis.

Corrective Plans. Within thirty (30) days of (i) sending a notice to the RUS under Subsection subsection (b) above that shows the Margins for Interest level specified required by Section 13.14 of the Indenture was not achieved met for any fiscal year, or (ii) being notified by the RUS that the Margins for Interest level specified required by Section 13.14 of the Indenture was not achieved met for any fiscal year, whichever is earlier, the Borrower in consultation with the RUS shall provide a written plan reasonably satisfactory to the RUS setting forth the actions that shall be taken to achieve the specified required Margins for Interest level on a timely basis.