Cure Contribution definition
Cure Contribution shall have the meaning assigned to such term in Section 7.02(a).
Cure Contribution means an equity contribution by Retailco, NuDevco Retail or the holder of an Equity Interest in Parent permitted by the applicable organizational documents of Parent or the incurrence of Subordinated Debt permitted by Section 7.13(c), in each case, for purpose of curing a Default or Event of Default which, without such contribution, would occur as a result of a failure to comply with Section 7.09(a) or (b).
Cure Contribution means a Contribution (or portion thereof), in an amount as directed and set forth in the associated Contribution Notice by the applicable Contributor (or the Collateral Manager if no direction is specified by the applicable Contributor), that will be used as Collateral Principal Collections or Collateral Interest Collections (i) to cause a failing Collateral Coverage Test to be satisfied by an amount up to 0.50% more than the ratio (expressed as a percentage) required by the applicable Collateral Coverage Test, and/or (ii) with respect to any Collateral Coverage Test that with the passage of time, is reasonably expected to fail to be satisfied as determined by the applicable Contributor, to cause such Collateral Coverage Test to continue to be satisfied by an amount up to 0.50% more than the ratio (expressed as a percentage) required by the applicable Collateral Coverage Test.
Examples of Cure Contribution in a sentence
Upon receipt of any Equity Cure Contribution, the Borrower shall prepay the Loans in an aggregate amount equal to 100% of such Equity Cure Contribution.
There shall be no pro forma reduction in Indebtedness with the proceeds of the Equity Cure Contribution for purposes of determining compliance with the Financial Covenant for the purpose of determining any pricing, financial covenant based conditions or baskets with respect to the covenants contained in this Agreement, in each case, for the applicable Cure Quarter.
More Definitions of Cure Contribution
Cure Contribution. A Contribution (or portion thereof), that shall be used as Principal Proceeds or Interest Proceeds (in each case, as directed by the applicable Contributor) that is necessary to cause a failing Coverage Test to be satisfied.
Cure Contribution shall have the meaning assigned to such term in the First Lien Credit Agreement.
Cure Contribution means a Contribution (or portion thereof) in the amount set forth in a Contribution Notice that shall be used as Principal Proceeds or Interest Proceeds under this Indenture for one or both of the following purposes (in each case, as directed by the applicable Contributor): (i) to cause a failing Coverage Test to be satisfied or (ii) with respect to any Coverage Test that, with the passage of time, is reasonably expected to fail to be satisfied as determined by the Contributor, to cause such Coverage Test to continue to be satisfied.
Cure Contribution means capital contributions or other equity infusions to the Parent made on or before the 30th date after the date the Parent has failed to comply with the covenant set forth in Section 8.1, which cures such default.
Cure Contribution as defined in Section 7.2(a).
Cure Contribution shall have the meaning as defined in Section 10.3.
Cure Contribution means a Contribution (or portion thereof) in the amount set forth in a Contribution Notice that shall be used as Principal Proceeds or Interest Proceeds (in each case, as directed by the applicable Contributor) that is necessary to (i) cause a failing Coverage Test to be satisfied or (ii) to cause any Coverage Test that wasif such test is failing, or improved if such test is satisfied by less than or equal to 0.50% to be satisfied.