Cure Event definition

Cure Event means a Note B Holder’s exercise of cure rights, whether for one (1) month or for consecutive months in the aggregate (and, in such case, such cure for such consecutive months shall constitute one (1) Cure Event). Cure Events in addition to the number of Cure Events permitted under this Section 11(b) shall only be permitted with the consent of the Lead Securitization Note Holder (or the Servicer on its behalf) or, at any time that the Mortgage Loan is included in the Lead Securitization, the Special Servicer.

Cure Event shall have the meaning assigned to such term in Section 10(b) hereof.

Cure Event has the meaning set forth in Section 4.10.

Examples of Cure Event in a sentence

• For purposes of the foregoing, an individual Cure Event shall, in the event of a delinquent Scheduled Payment, terminate on the date that such payment is made unless Note A has been securitized, in which case it shall terminate on the next Payment Date.

• Upon the occurrence of a Guarantee Cure Event, the Fund shall, on the Business Day following the date of the Guarantee Cure Event, provide the Treasury and its designee with a Guarantee Event Cure Notice in the form of Exhibit A-1 (“Guarantee Cure Event Notice”) and a Portfolio Schedule as of the date of the Guarantee Cure Event.

• For purposes of the foregoing, an individual Note B Holder Cure Event shall, in the event of a delinquent Scheduled Payment, terminate on the date that such payment is made.

• As used herein, “Cure Event” means a Note B Holder’s exercise of cure rights, whether for one (1) month or for consecutive months in the aggregate (and, in such case, such cure for such consecutive months shall constitute one (1) Cure Event).

• For purposes of the foregoing, an individual Cure Event shall, in the event of a delinquent Scheduled Payment, terminate on the date that such payment is made unless any Note A has been securitized, in which case it shall terminate on the next Payment Date.

More Definitions of Cure Event

Cure Event shall have the meaning set forth in SECTION 5.3.

Cure Event has the meaning set forth in Section 10.9(b).

Cure Event means a Junior Noteholder’s exercise of cure rights, whether for one (1) month or for consecutive months in the aggregate (and, in such case, such cure for such consecutive months shall constitute one (1) Cure Event). Additional Cure Periods shall only be permitted with the consent of the Lead Securitization Noteholder.

Cure Event means any of (a) the occurrence of any Default under any of the Financial Covenants or (b) the receipt by Agent of a notice under clause (f)(x) of the Reporting Rider.

Cure Event means the exercise by any B Loan Holder of the cure rights, if any, set forth in the related Intercreditor Agreement, in each case in accordance with the applicable Intercreditor Agreement.

Cure Event means (a) if the applicable Trigger Event is an Event of Default, Required Lenders have waived in writing such Event of Default, (b) if the applicable Trigger Event is a Low DSCR Trigger Event, a Low DSCR Cure Event has occurred, (c) if the applicable Trigger Event is a Financial Covenants Trigger Event, a Financial Covenants Cure Event has occurred, or (d) if the applicable Trigger Event is a Corporate Revolver Event of Default, either (y) the Corporate Revolver Lenders have waived such Corporate Revolver Event of Default under the Corporate Revolver (and Administrative Agent shall have received evidence of the same that is reasonably satisfactory to Administrative Agent) or (z) the Corporate Revolver Borrower has cured such Corporate Revolver Event of Default (either by (i) the cure of the applicable Corporate Revolver Event of Default under the Corporate Revolver or (ii) the execution by Persons comprising the Corporate Revolver Borrower (or their Affiliates) of a substitute corporate facility in an aggregate amount of at least $500,000,000 (and Administrative Agent shall have received evidence of the same that is reasonably satisfactory to Administrative Agent).

Cure Event means, with respect to a corresponding Flip Event (except for Flip Events occurring pursuant to clause (h) under the definition of Flip Event), that (A) all of the parties to the contract(s) under which a default or event of default has occurred, and which default or event of default has given rise to a Flip Event, have consented in writing that the default or event of default giving rise to such Flip Event has been waived or cured, (B) the President of the Corporation has provided to the Board of Directors of the Corporation written notice that the written consent(s) referred to in clause (A) have been received, and (C) the Board of Directors of the Corporation has in good faith accepted such notice.