Common use of Equity Cure Clause in Contracts

Equity Cure. In the event the Borrowers fail to comply with any covenant contained in Sections 9.13(a) or (b) for any Test Period (any such failure, a “Financial Covenant Default”), the Borrowers shall have the right to cure the resulting Event of Default on the following terms and conditions (the “Equity Cure Right”):

Appears in 3 contracts

Samples: Loan Agreement (Spark Networks SE), Loan Agreement (Spark Networks SE), Loan Agreement (Spark Networks SE)

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Equity Cure. In the event the Borrowers fail to comply with any covenant contained in Sections 9.13(a7.11(a) or (b) for any Test Measurement Period (any such failure, a “Financial Covenant Default”), the Borrowers shall have the right to cure the resulting Event of Default on the following terms and conditions (the “Equity Cure Right”):

Appears in 1 contract

Samples: Credit Agreement (B. Riley Financial, Inc.)

Equity Cure. In the event the that Borrowers fail to comply with any financial covenant contained in Sections 9.13(a) Section 14.1, or 14.2 (b) for any Test Period (any such failure, a “Financial Covenant Default”), the Borrowers shall have the right to cure the resulting such Event of Default on the following terms and conditions (the “Equity Cure RightCure”):

Appears in 1 contract

Samples: Loan and Security Agreement (S&W Seed Co)

Equity Cure. In the event the Borrowers fail to comply with any covenant contained in Sections 9.13(a), (b) or (bc) for any Test Period or fiscal quarter, as applicable (any such failure, a “Financial Covenant Default”), the Borrowers shall have the right to cure the resulting Event of Default on the following terms and conditions (the “Equity Cure Right”):

Appears in 1 contract

Samples: Loan Agreement (Capital Park Holdings Corp.)

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Equity Cure. In the event the Borrowers fail to comply with any covenant contained in Sections 9.13(a7.11(a) or (b) for any Test Measurement Period (any such failure, a “Financial Covenant Default”), the Borrowers Borrower shall have the right to cure the resulting Event of Default on the following terms and conditions (the “Equity Cure Right”):

Appears in 1 contract

Samples: Credit Agreement (B. Riley Financial, Inc.)

Equity Cure. In the event that the Borrowers fail to comply with any financial covenant contained in Sections 9.13(a) Section 11.14.1 or 11.14.2 (b) for any Test Period (any such failure, a "Financial Covenant Default"), the Borrowers shall have the right to cure the resulting such Event of Default on the following terms and conditions (the "Equity Cure Right”Cure"):

Appears in 1 contract

Samples: Loan and Security Agreement (Kingsway Financial Services Inc)

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