Cure Periods definition
Cure Periods for payment default shall not exceed two (2) business days;
Cure Periods shall have the meaning specified in Section 12.1(a).
Cure Periods has the meaning set forth in Section 11.2.1. ------------
Examples of Cure Periods in a sentence
The Cure Periods section establishes the timeframes and conditions under which breaches of the Loan Agreement can be rectified without triggering a default.
More Definitions of Cure Periods
Cure Periods means the applicable time period(s) set forth in Section 6.4 of this Agreement.
Cure Periods shall have the meaning specified in Section 12.1(a). [***] denotes language for which ▇▇▇▇▇▇ Telematics, Inc. has requested confidential treatment pursuant to the rules and regulations of the Securities Exchange Act of 1934, as amended. Confidential portions have been omitted and have been filed separately with the Securities and Exchange Commission.
Cure Periods has the meaning ascribed thereto in Section 7.02.
Cure Periods means the cure periods set out in the table set out in Part C of Schedule 4 (Underperformance Trigger Events); Data Room means the data room made available by the Borrower Group to the Lender and its advisors through Datasite in connection with the transactions contemplated by the Finance Documents; Debt Documents shall have the meaning given to such term in the Intercreditor Agreement; Debt Incurrence Tests means the Net Leverage Test and the DSCR Test; Debt Service Charges means, in respect of any relevant period, the amount equal to:
Cure Periods for purposes of this paragraph shall be: 1) for an Indebtedness Default that is not a payment default, the cure period shall be as set forth in the agreement governing the applicable Indebtedness, and if said Indebtedness provides for no such cure period, then thirty (30) days; and 2) for payment Indebtedness Default, three (3) business days ("Cure Periods"). Notwithstanding the provisions of the preceding paragraph of this subsection (d), Vendor's rights to terminate or pursue other claims pursuant to this subsection (d) as a result of a specific Indebtedness Default will be suspended in the event Owner has a bona fide dispute over the existence of such Indebtedness Default, provided a) Owner is diligently pursuing a resolution of the dispute in good faith; and b) Owner commences, within ninety (90) days after the end of the applicable Cure Period, formal mediation, arbitration, litigation or such other dispute resolution mechanism available to Owner under the subject Indebtedness. Within five (5) days after Owner's receipt of written notice of any Indebtedness Default, Owner shall notify Vendor of the Indebtedness Default in writing. Such notification will include the description of the default and a statement of Owner's intent to dispute such Indebtedness Default, if Owner has made such a determination at such time, and if Owner has not made such determination, then when Owner makes the determination, Owner will give notice thereof to Vendor."
Cure Periods means those particular time periods identified in the Agreement that Grantee has to cure a Default or Event of Default, as applicable.