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

  • Any RH Designee that becomes a member of any Board of Directors pursuant to this SECTION 5.3 shall have a term that shall automatically expire upon the occurrence of the Cure Event.

  • In the event Additional Directors are elected to the Board by reason of a Preferred Stock Event, such directors shall continue to serve until the occurrence of a Cure Event (as defined in the Bylaws), at which time such Additional Directors shall cease to serve and the Board shall automatically revert to its size immediately prior to the election of Additional Directors under this Section VI, D, 4(a).

  • The Administrative Agent agrees to deliver such documents and to take such steps, at the Borrowers' sole cost and expense, as are reasonably requested by the Borrowers to evidence the occurrence of any Cash Dominion Cure Event.

  • Notwithstanding anything to the contrary contained in this Section 11(b), (A) the Note B Holder’s right to cure a monetary default or non-monetary default shall be limited to six (6) Cure Events over the life of the Mortgage Loan and (B) no single Cure Event may exceed four (4) consecutive months.

  • Any amount remaining in the Replacement Reserve Account after the Debt has been paid in full or immediately following the Cure Event for the applicable Trigger Event (provided no Event of Default or other Trigger Event is then continuing) shall be returned to Borrower promptly upon Borrower’s request.


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 has the meaning set forth in Section 6.5(d).
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 has waived in writing such Event of Default, (b) if the applicable Trigger Event is a Low DSCR Trigger Event, either (i) a Low DSCR Cure Event has occurred or (ii) Borrower has delivered to Administrative Agent an amount equal to the Cure Amount in accordance with Section 3.3 of the Cash Management Agreement, (c) if the applicable Trigger Event is a Financial Covenant 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 (which cure may include 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 if the Corporate Revolver is terminated) (and Administrative Agent shall have received evidence of the same that is reasonably satisfactory to Administrative Agent).