Cure Party definition

Cure Party. As defined in the Property Management Agreement.
Sample 1Sample 2Sample 3
Cure Party. (i) With respect to any Mortgaged Property, Mortgage Loan, Qualified Substitute Mortgage Loan or Qualified Substitute Mortgaged Property acquired by the applicable Issuer from an Originator, such Originator; (ii) with respect to any Mortgage Loan, Mortgaged Property, Qualified Substitute Mortgaged Property or Qualified Substitute Mortgage Loan acquired by the applicable Issuer from a third party unaffiliated with Spirit Realty, such Issuer; and (iii) in the case of either of (i) or (ii), Spirit Realty in its capacity asthe Support Provider under the Performance Undertaking.
Sample 1Sample 2Sample 3
Cure Party. (i) With respect to any Mortgaged Property, Mortgage Loan, Qualified Substitute Mortgage Loan or Qualified Substitute Mortgaged Property acquired by the applicable Issuer from an Originator, such Originator; (ii) with respect to any Mortgage Loan, Mortgaged Property, Qualified Substitute Mortgaged Property or Qualified Substitute Mortgage Loan acquired by the applicable Issuer from a third party unaffiliated with Spirit Realty, such Issuer; and (iii) in the case of either of (i) or (ii), the Support Provider under the Performance Undertaking. “Custodian ”: As defined in the Indenture. “Custodian Inventory List ”: As defined in the Custody Agreement. “Custody Agreement ”: The Second Amended and Restated Custody Agreement, dated as of the Applicable Closing Date, among the Issuers, the Indenture Trustee and the Custodian, as the same may be amended or supplemented from time to time. “Default Interest ”: With respect to any (i) Lease, any amounts collected thereon (other than late payments, late payment charges or amounts representing the Third Party Option Price (without giving effect to clause (ii) in the definition thereof) paid by the related the Tenant) that represent penalty interest accrued at the rate specified in the related lease agreement and (ii) Mortgage Loan, any amounts collected thereon (other than late payments, late payment charges 7 US-DOCS\ 96557504.7 102826315.7
Sample 1Sample 2

Examples of Cure Party in a sentence

  • In connection with any such repurchase or substitution by any Cure Party, the Property Manager or the Special Servicer, as appropriate, shall deliver the related Lease File or Loan File, as applicable, to such Cure Party.

  • Notwithstanding anything to the contrary herein, Monthly Lease Payments due with respect to Qualified Substitute Mortgaged Properties and Monthly Loan Payments due with respect to Qualified Substitute Mortgage Loans in the month in which the applicable substitution occurs shall not be part of the Collateral and will be retained by the Property Manager and remitted by the Property Manager to the applicable Cure Party.

  • For the avoidance of doubt, in the event that any Cure Party takes any action described in this Section 2.4(a), the failure to take such action shall not constitute a default or breach with respect to any other Cure Party.

  • The equipment must be in full working order, and must demonstrate that, based on known commitment, they will be available for use in the proposed contract.

  • Absent written notice from the Cure Parties stating that the Cure Parties do not intend to cure the default or Event of Default for and on behalf of Owner, the Town Parties shall not exercise any remedies available to it pursuant to Section 6 until the date that is 14 days after the Town Parties or the Trustee deliver the Cure Party Notice to each Cure Party.

  • Monthly Lease Payments due with respect to Qualified Substitute Mortgaged Properties and Monthly Loan Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution shall not be part of the Collateral and will be retained by the Property Manager and remitted by the Property Manager to the applicable Cure Party.

  • The Town Parties shall provide each Cure Party with a Cure Party Notice either: (i) contemporaneously with the notice of default delivered by the Trustee or a Town Party to Owner; or (ii) if the Town Party is not required to give notice of such default to Owner prior to such default becoming an Event of Default, and the Town Party elects to treat such default as an Event of Default, within five days after the Town Party elects to treat such default as an Event of Default.

  • In connection with any such repurchase or substitution by any Cure Party, the Property Manager or the Special Servicer, as appropriate, shall deliver the related Lease File to such Cure Party.

  • Ability to operate a personal computer and Microsoft Office Suite programs.

  • Monthly Lease Payments due with respect to Leases related to Qualified Substitute Mortgaged Properties or Qualified Additional Mortgaged Properties in the month of exchange or contribution, respectively, shall not be part of the Collateral and will be retained by the Property Manager and remitted by the Property Manager to the applicable Cure Party, or other prior owner, on the next succeeding Payment Date.


More Definitions of Cure Party

Cure Party. (i) With respect to any Mortgaged Property or Mortgage Loan acquired by the Issuer pursuant to the Purchase and Sale Agreements or any Qualified Substitute Mortgage Loan or Qualified Substitute Mortgaged Property substituted for any such Mortgage Loan or Mortgaged Property by such Originator, the applicable Originator, (ii) with respect to any Mortgage Loan, Mortgaged Property, Qualified Substitute Mortgaged Property or Qualified Substitute Mortgage Loan acquired by the Issuer from a third party, the Issuer and (iii) with respect to the obligations of an Originator or the Issuer in the case of each of the foregoing clauses (i) and (ii), Spirit Finance in its capacity as Support Provider under the Performance Undertaking.
Sample 1
Cure Party. (i) For so long as SCF Realty Capital is the Property Manager, the Property Manager or (ii) if SCF Realty Capital is not the Property Manager, the applicable Issuer.
Sample 1
Cure Party. (i) With respect to any Mortgaged Property, Mortgage Loan, Qualified Substitute Mortgage Loan or Qualified Substitute Mortgaged Property acquired by the applicable Issuer from an Originator pursuant to a Property Transfer Agreement or any Qualified Substitute Mortgage Loan or Qualified Substitute Mortgaged Property substituted for any such Mortgage Loan or Mortgaged Property by the applicable Originator, such Originator; (ii) with respect to any Mortgage Loan, Mortgaged Property, Qualified Substitute Mortgaged Property or Qualified Substitute Mortgage Loan acquired by the applicable Issuer from a third party unaffiliated with Spirit Realty, such Issuer; and (iii) in the case of either of (i) or (ii), Spirit Realty in its capacity as Support Provider under the applicable Performance Undertaking
Sample 1
Cure Party. (i) With respect to any Mortgaged Property acquired by the Issuer pursuant to the Sale and Contribution Agreement, including any Qualified Substitute Mortgaged Property acquired in exchange for a Repurchased Mortgaged Property, the applicable Originator, (ii) with respect to any Qualified Substitute Mortgaged Property acquired from a Person other than from an Originator in exchange for a Repurchased Mortgaged Property, or any Qualified Additional Mortgaged Property acquired by the Issuer, the Property Manager, (iii) with respect to any Mortgaged Property for which any representation set forth in Section 2.01(d) shall have proven to be untrue on the Closing Date which materially and adversely affects the value of, or interests of the Issuer in, such Mortgaged Property, the Property Manager, and (iv) with respect to the obligations of an Originator or the Property Manager in the case of each of the foregoing clauses (i), (ii) and (iii), CNL in its capacity as Support Provider under the Performance Undertaking.
Sample 1

Related to Cure Party

  • Cure Payment shall have the meaning set forth in Section 11(b).

  • Breaching Party has the meaning set forth in Section 12.2.

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:

  • Cure Claim means a Claim (unless waived or modified by the applicable counterparty) based upon a Debtor’s defaults under an Executory Contract or an Unexpired Lease assumed by such Debtor under section 365 of the Bankruptcy Code, other than a default that is not required to be cured pursuant to section 365(b)(2) of the Bankruptcy Code.

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

  • Non-Breaching Party has the meaning set forth in Section 9.3.

  • Cure Notice means a notice of a proposed amount to be paid on account of a Cure Claim in connection with an Executory Contract or Unexpired Lease to be assumed under the Plan pursuant to section 365 of the Bankruptcy Code, which notice shall include: (a) procedures for objecting to proposed assumptions of Executory Contracts and Unexpired Leases; (b) Cure Claims to be paid in connection therewith; and (c) procedures for resolution by the Bankruptcy Court of any related disputes.

  • complaining Party means any Party that requests the establishment of an arbitration panel under Article 3.5 (Initiation of the Arbitration Procedure);

  • Cure means a Claim (unless waived or modified by the applicable counterparty) based upon a Debtor’s defaults under an Executory Contract or an Unexpired Lease assumed by such Debtor under section 365 of the Bankruptcy Code, other than a default that is not required to be cured pursuant to section 365(b)(2) of the Bankruptcy Code.

  • Material Defect As defined in Section 2.02(c) hereof.

  • Aggrieved party means a party entitled to pursue a remedy.

  • Innocent Party means, in relation to a breach of an obligation under this contract, the party who is not in breach of that obligation; "Insolvency Event", in relation to either of the parties, has occurred where:

  • Party or “Parties” has the meaning set forth in the Preamble.

  • Initiating Party means a party who gives notice under section 2 of this Schedule;

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

  • Indemnitor has the meaning set forth in Section 12.3.

  • Selling Party has the meaning set forth in the definition of “Net Sales.”

  • Force Majeure Exception means any failure or delay in the performance of the Fund’s reporting obligation pursuant to Section 2.3 arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; loss or malfunctions of utilities, computer (hardware or software) or communication services; accidents; acts of civil or military authority and governmental action. The Fund shall use commercially reasonable efforts to commence performance of its obligations during any of the foregoing circumstances.

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Cure Date means the MuniPreferred Basic Maintenance Cure Date or the 1940 Act Cure Date, as the case may be.

  • Material Document Defect As defined in Section 2.03(a) of this Agreement.

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Project Document means any one of the foregoing;

  • Consenting Party means a Party who agrees to participate in and pay its share of the cost of an Exclusive Operation.

  • Responding Party shall have the meaning set forth in Section 12.2 hereof.

  • Project Party means each Person (other than the Borrowers) who is a party to a Project Document.