Limitation on Exercise of Cure Right. Notwithstanding anything herein to the contrary, (a) in no event shall Holdings be entitled to exercise the Cure Right in more than three consecutive fiscal quarters, (b) in any ten fiscal quarter period, there must be a period of at least four consecutive fiscal quarters during which Holdings has not exercised its Cure Right and (c) each Cure Amount shall not exceed the amount required to cure the applicable failure to comply with a Financial Performance Covenant.
Appears in 6 contracts
Samples: Credit Agreement (Graham Packaging Holdings Co), Second Lien Credit Agreement (Graham Packaging Holdings Co), Credit Agreement (Graham Packaging Co)
Limitation on Exercise of Cure Right. Notwithstanding anything herein to the contrary, (a) in no event shall Holdings be entitled to exercise the Cure Right in more than three consecutive fiscal quartersFiscal Quarters, and (b) in any ten fiscal quarter Fiscal Quarter period, there must be a period of at least four consecutive fiscal quarters Fiscal Quarters during which Holdings has not exercised its Cure Right and (c) each Cure Amount shall not exceed the amount required to cure the applicable failure to comply with a Financial Performance CovenantRight.
Appears in 2 contracts
Samples: Credit Agreement (Prime Succession Inc), Credit Agreement (Rose Hills Co)
