Cash Sweep Cure Date definition

Cash Sweep Cure Date means the first date following the occurrence of a Cash Sweep Event on which no Event of Default or Bankruptcy Action of Borrower or Guarantor or DSCR Trigger Period is continuing, provided that, notwithstanding the foregoing, at such time as three (3) Cash Sweep Cures Dates shall have occurred from time to time during the term of the Loan, any Cash Sweep Period occurring thereafter shall continue until the Maturity Date and no subsequent Cash Sweep Cure Date shall be deemed to have occurred upon the satisfaction of the foregoing conditions or otherwise.
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Cash Sweep Cure Date means the first date following the occurrence of a Cash Sweep Event (i) on which no Event of Default is continuing, (ii) on which no Debt Yield Trigger Period is continuing or (iii) on which a Bankruptcy Action Cure has occurred (with respect to a Cash Sweep Event as a result of a Bankruptcy Action of Borrower).
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Cash Sweep Cure Date means the first date following the occurrence of a Cash Sweep Event on which (i) with respect to a Cash Sweep Event caused by a Debt Yield Trigger Event, a Debt Yield Trigger Event Cure has taken place, (ii) with respect to a Cash Sweep Event caused by an Event of Default, no Event of Default is continuing, (iii) with respect to a Cash Sweep Event caused by a Mezzanine Loan Default, no Mezzanine Loan Default is continuing, or (iv) with respect to a Cash Sweep Event as a result of a Bankruptcy Action of Borrower, a Bankruptcy Action Cure has occurred.
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Examples of Cash Sweep Cure Date in a sentence

  • Upon the occurrence of a Cash Sweep Cure Date and provided that a Cash Sweep Period shall not then otherwise exist, amounts in the Tax and Insurance Reserve Account shall be released to Borrower on the next Payment Date.

  • Upon a Cash Sweep Cure Date and provided that a Cash Sweep Period shall not then otherwise exist, amounts in the Replacement Reserve Account shall be released to Borrower on the next Payment Date.


More Definitions of Cash Sweep Cure Date

Cash Sweep Cure Date means the first date following the occurrence of a Cash Sweep Event on which no Event of Default or Bankruptcy Action of Borrower, Mortgage Borrower or Guarantor or DSCR Trigger Period is continuing, provided that, notwithstanding the foregoing, at such time as three (3) Cash Sweep Cures Dates shall have occurred from time to time during the term of the Loan, any Cash Sweep Period occurring thereafter shall continue until the Maturity Date and no subsequent Cash Sweep Cure Date shall be deemed to have occurred upon the satisfaction of the foregoing conditions or otherwise.
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Related to Cash Sweep Cure Date

  • Cash Sweep Period means each period commencing on the occurrence of a Cash Sweep Event and continuing until the earlier of (a) the Payment Date next occurring following the related Cash Sweep Event Cure, or (b) until payment in full of all principal and interest on the Loan and all other amounts payable under the Loan Documents.

  • Cure Amount has the meaning assigned to such term in Section 7.02(a).

  • Excess Cash Flow Period means each fiscal year of the Borrower commencing with and including the fiscal year ending December 31, 2018.

  • Cure Right shall have the meaning assigned to such term in Section 7.03.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Management Accounts Date means 30 September 2023;

  • DSCR means debt service coverage ratio.