Common use of Cure Right Mechanics Clause in Contracts

Cure Right Mechanics. Notwithstanding anything to the contrary contained in Section 8.01, in the event that Borrower fails to comply with the requirements of Section 6.10(a), (b) or (c), until the expiration of the 10th day subsequent to the date the certificate calculating such covenant is required to be delivered pursuant to Section 5.01(c), Holdings shall have the right to issue Permitted Cure Securities for cash or otherwise receive cash contributions to the capital of Holdings, and, in each case, to contribute any such cash to the capital of Borrower (collectively, the "CURE RIGHT"), and upon the receipt by Borrower of such cash (the "CURE AMOUNT") pursuant to the exercise by Holdings of such Cure Right such covenant shall be recalculated giving effect to the following pro forma adjustments:

Appears in 5 contracts

Samples: Credit Agreement (Regency Energy Partners LP), Credit Agreement (Regency Energy Partners LP), Credit Agreement (Regency Energy Partners LP)

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Cure Right Mechanics. Notwithstanding anything to the contrary contained in Section 8.0110.01, in the event that the Borrower fails to comply with the requirements of Section 6.10(a)9.12, (b) 9.13 or (c)9.14, until the expiration of the 10th day subsequent to the date the certificate Compliance Certificate calculating such covenant is required to be delivered pursuant to Section 5.01(c8.01(c), Holdings shall have the right to issue Permitted Cure Securities for cash or otherwise receive cash contributions to the common equity capital of Holdings, and, in each case, to contribute any such cash to the common equity capital of Borrower (collectively, the "CURE RIGHT"“Cure Right”), and upon the receipt by Borrower of such cash (the "CURE AMOUNT"“Cure Amount”) pursuant to the exercise by Holdings of such Cure Right such covenant shall be recalculated giving effect to the following pro forma adjustments:

Appears in 1 contract

Samples: Credit Agreement (NPC International Inc)

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