Equity Cures. amend Clause 17.4 (Cure provisions): (a) so that the financial ratios set out in Clause 17 (Financial Covenants) may be remedied by deeming that such cure proceeds are (as applicable): (i) added to Annualised EBITDA; or (ii) applied to reduce Senior Debt and/or Total Debt, as applicable, in each case, at the discretion of UPC Broadband; (b) to remove the requirement to repay or prepay the cure proceeds against any of the Facilities or Advances and to clarify that there is no requirement to repay or prepay all or any part of the Facilities or any Advances or to use the proceeds for any particular purpose; and (c) so that an equity cure may be effected up to 15 Business Days following the delivery of the financial statements which showed a breach.
Appears in 4 contracts
Samples: Additional Facility Am Accession Agreement (Liberty Global PLC), Accession Agreement (Liberty Global PLC), Additional Facility Agreement (Liberty Global PLC)
Equity Cures. amend Clause 17.4 18.5 (Cure provisions):
(a) so that the financial ratios set out in Clause 17 18 (Financial Covenants) may be remedied by deeming that such cure proceeds are (as applicable):
(i) added to Consolidated Annualised EBITDA; or
(ii) applied to reduce Senior Total Debt and/or or Net Total Debt, as applicable, ; in each case, at the discretion of UPC Broadband;the Company; and
(b) to remove the requirement to repay or prepay the cure proceeds against any of the Facilities or Advances Loans and to clarify that there is no requirement to repay or prepay all or any part of the Facilities or any Advances or to use the proceeds for any particular purposeLoans; and
(c) so that an equity cure may be effected up to 15 Business Days following the delivery of the financial statements which showed a breach.
Appears in 2 contracts
Samples: Telenet Additional Facility Z Accession Agreement (Liberty Global PLC), Accession Agreement (Liberty Global PLC)
Equity Cures. amend Clause 17.4 18.5 (Cure provisions):
(a) so that the financial ratios set out in Clause 17 18 (Financial Covenants) may be remedied by deeming that such cure proceeds are (as applicable):
(i) added to Consolidated Annualised EBITDA; or
(ii) applied to reduce Senior Total Debt and/or or Net Total Debt, as applicable, ; in each case, at the discretion of UPC Broadband;the Company; and 0096349-0000001 BK:27206826.11 32
(b) to remove the requirement to repay or prepay the cure proceeds against any of the Facilities or Advances Loans and to clarify that there is no requirement to repay or prepay all or any part of the Facilities or any Advances or to use the proceeds for any particular purposeLoans; and
(c) so that an equity cure may be effected up to 15 Business Days following the delivery of the financial statements which showed a breach.
Appears in 1 contract
Equity Cures. amend Clause 17.4 18.5 (Cure provisions):
(a) so that the financial ratios set out in Clause 17 18 (Financial Covenants) may be remedied by deeming that such cure proceeds are (as applicable):
(i) added to Consolidated Annualised EBITDA; or
(ii) applied to reduce Senior Total Debt and/or or Net Total Debt, as applicable, ; in each case, at the discretion of UPC Broadband;the Company; and 0096349-0000001 BK:27206223.10 32
(b) to remove the requirement to repay or prepay the cure proceeds against any of the Facilities or Advances Loans and to clarify that there is no requirement to repay or prepay all or any part of the Facilities or any Advances or to use the proceeds for any particular purposeLoans; and
(c) so that an equity cure may be effected up to 15 Business Days following the delivery of the financial statements which showed a breach.
Appears in 1 contract
Samples: Telenet Additional Facility W Accession Agreement (Liberty Global PLC)