Common use of Limitation on Exercise of Cure Right Clause in Contracts

Limitation on Exercise of Cure Right. Notwithstanding anything herein to the contrary, (i) in each four-fiscal-quarter period there shall be at least two fiscal quarters in which the Cure Right is not exercised, (ii) in each eight-fiscal-quarter period, there shall be a period of at least four consecutive fiscal quarters during which the Cure Right is not exercised and (iii) the Cure Amount shall be no greater than the amount required for purposes of complying with the Financial Performance Covenants for the most recently completed four fiscal-quarter period of the Borrower for which financial statements have been delivered pursuant to Section 5.04.

Appears in 3 contracts

Samples: Credit Agreement (Universal City Travel Partners), Credit Agreement (Universal City Travel Partners), Credit Agreement (Universal City Development Partners LTD)

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Limitation on Exercise of Cure Right. Notwithstanding anything herein to the contrary, (i) in each four-fiscalFiscal-quarter Quarter period there shall be at least two fiscal quarters Fiscal Quarters in which the Cure Right is not exercised, (ii) in each eighteight Fiscal-fiscal-quarter Quarter period, there shall be a period of at least four consecutive fiscal quarters during which the Cure Right is not exercised and (iii) the Cure Amount shall be no greater than the amount required for purposes of complying with the Financial Performance Covenants covenants set forth in Section 6.8 of this Agreement for the most recently completed four fiscal-quarter period of the Borrower Company for which financial statements have been delivered pursuant to Section 5.045.1(b).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (BPC Holding Corp)

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