Common use of Curative Equity Clause in Contracts

Curative Equity. (a) Subject to the limitations set forth in clauses (d) and (e) below, Borrowers may cure (and shall be deemed to have cured) an Event of Default arising out of a breach of the financial covenant set forth in Section 7 (the “Specified Financial Covenant”) if they receive the cash proceeds of an investment of Curative Equity on or before the date that is ten days after the date that is the earlier to occur of (i) the date on which the Compliance Certificate is delivered to Agent and Lenders in respect of the calendar month with respect to which any such breach occurred (the “Specified Month”), and (ii) the date on which the Compliance Certificate is required to be delivered to Agent and Lenders pursuant to Section 5.1 in respect of the Specified Month (such earlier date, the “Financial Statement Delivery Date”); provided, that Borrowers’ right to so cure an Event of Default shall be contingent on their timely delivery of such Compliance Certificate and financial statements for the Specified Month as required under Section 5.1.

Curative Equity. (a) Subject to the limitations set forth in clauses (d) and (e) below, Borrowers may cure (and shall be deemed to have cured) an Event of Default arising out of a breach of the financial covenant set forth in Section 7 (the “"Specified Financial Covenant”") if they receive the cash proceeds of an investment of Curative Equity on or before the date that is ten days after the date that is the earlier to occur of (i) the date on which the Compliance Certificate is delivered to Agent and Lenders in respect of the calendar fiscal month with respect to which any such breach occurred (the “"Specified Fiscal Month”"), and (ii) the date on which the Compliance Certificate is required to be delivered to Agent and Lenders pursuant to Section 5.1 in respect of the Specified Fiscal Month (such earlier date, the “"Financial Statement Delivery Date”"); provided, that Borrowers’ ' right to so cure an Event of Default shall be contingent on their timely delivery of such Compliance Certificate and financial statements for the Specified Fiscal Month as required under Section 5.1.

Curative Equity. (a) Subject to the limitations set forth in clauses (d) and (e) below, Borrowers may cure (and shall be deemed to have cured) an Event of Default arising out of a breach of the financial covenant set forth in of Section 7 (the “Specified Financial Covenant”) if they receive the cash proceeds of an investment of Curative Equity on or before the date that is ten days Business Days after the date that is the earlier to occur of (i) the date on which the Compliance Certificate is delivered to Agent and Lenders in respect of the calendar fiscal month with respect to which any such breach occurred (the “Specified Financial Month”), and (ii) the date on which the Compliance Certificate is required to be delivered to Agent and Lenders pursuant to Section 5.1 in respect of the Specified Financial Month (such earlier date, the “Financial Statement Delivery Date”); provided, that (A) in the case of the start of a Covenant Testing Period that reverts to a Compliance Certificate previously delivered in respect of a prior month, such cash proceeds may be received on or before the date that is ten Business Days after the start of such Covenant Testing Period, and (B) Borrowers’ right to so cure an Event of Default shall be contingent on their timely delivery of such Compliance Certificate and financial statements for the Specified Fiscal Month as required under Section 5.1.

Curative Equity. (a) Subject to the limitations set forth in clauses (d) and (e) below, Borrowers may cure (and shall be deemed to have cured) an Event of Default arising out of a breach of the financial covenant set forth in Section 7 (the “Specified Financial Covenant”) if they receive the cash proceeds of an investment of Curative Equity on or before the date that is ten days after the date that is the earlier to occur of (i) the date on which the Compliance Certificate is delivered to Agent and Lenders in respect of the calendar fiscal month with respect to which any such breach occurred (the “Specified Fiscal Month”), and (ii) the date on which the Compliance Certificate is required to be delivered to Agent and Lenders pursuant to Section 5.1 in respect of the Specified Fiscal Month (such earlier date, the “Financial Statement Delivery Date”); provided, that Borrowers’ right to so cure an Event of Default shall be contingent on their timely delivery of such Compliance Certificate and financial statements for the Specified Fiscal Month as required under Section 5.1.