Cure Rights definition

Cure Rights means the rights to cure a Default as specified in Section 13.4 before such Default is deemed to be an Event of Default.

Cure Rights shall have the meaning assigned to such term in Section 7.02.

Cure Rights means the cure rights granted to the ___________________ Note B Non-Trust Mortgage Loan Noteholder under Article VII of the ___________________ Co-Lender Agreement.

Examples of Cure Rights in a sentence

• Notwithstanding anything herein to the contrary, (i) no more than two (2) Cure Rights may be exercised during the term of this Agreement, and (ii) the Cure Right shall not be exercised in any two (2) consecutive fiscal quarters (which, for the avoidance of doubt, shall not include any subsequent fiscal quarter within any applicable one hundred twenty (120) day period).

• During any such period, the Lender shall be entitled to exercise the Lender's Cure Rights and its rights and remedies under its Financing Encumbrance and other loan documents without any direct or indirect delay, interference, impairment or prohibition by Irvine, except to the extent reasonably necessary to permit Irvine to exercise Irvine's Cure Rights.

• Notwithstanding anything herein to the contrary, (i) no more than two (2) Cure Rights may be exercised during the term of this Agreement, and (ii) the Cure Right shall not be exercised in any two (2) consecutive fiscal quarters.

• Notwithstanding anything herein to the contrary, (a) in each four-fiscal-quarter period there shall be at least two fiscal quarters in which the Cure Right is not exercised, (b) no more than four Cure Rights in the aggregate may be exercised, (c) the Cure Amount shall be no greater than the amount required for purposes of complying with such covenants and (d) the Cure Amount may not reduce Debt for purposes of calculating the Financial Covenants for such Test Period.

• Notwithstanding anything herein to the contrary, (x) no more than three (3) Cure Rights may be exercised during the term of this Agreement, (y) the Cure Right shall not be exercised in any two (2) consecutive fiscal quarters and (z) in each consecutive four (4) fiscal quarter period there will be at least two (2) fiscal quarters in which the Cure Right has not been exercised.

More Definitions of Cure Rights

Cure Rights means the rights of the Borrower set forth in Section 7.04 (Specified Equity Contributions).

Cure Rights means the rights of Company pursuant to subsection 7.6C to sell Permitted Cure Securities to Sponsors for cash and apply the proceeds of such sale to cause compliance with the Financial Performance Covenants in the manner specified in such subsection.

Cure Rights means the cure rights granted to the holder of the Mortgage Note for the ______________ Trust Mortgage Loan under Section 4.4 of the ______________ Co-Lender Agreement. The representative of the Trust, as holder of the Mortgage Note for the ______________ Trust Mortgage Loan, with respect to the exercise of the ______________ Cure Rights (if and to the extent it is permitted to exercise such rights under the ______________ Co-Lender Agreement), appointed in accordance with Section 4.1.1 of the ______________ Co-Lender Agreement and pursuant to Section 3.28 of this Agreement, shall be the Class ___ Representative.

Cure Rights means the rights to cure a Default as specified in 10.4 before such Default is deemed to be an Event of Default.

Cure Rights means the rights to cure a Default as specified in Section 12.4.

Cure Rights. As per the Unitranche Facility and as set out in Clause 28.2 (Financial covenant). No Additional Cure Rights shall apply. Transfers: As per Clause 29 (Changes to the Lenders), provided that notwithstanding the terms of the Facilities Agreement, an original Additional Facility Lender shall be permitted to transfer, assign or sub-participate any or all of its Commitments under the 2023 Additional Term Facility to a New Lender (including an Affiliate or Related Fund) on or prior to the last day of the Agreed Certain Funds Period (in each case the “Transferred Commitments”), provided the original Additional Facility Lender shall remain obligated to comply with Clause 5.4 (Lenders’ participation) and, subject to Clause 4.6 (Utilisations of the Revolving Facility / Additional Facility during the Agreed Certain Funds Period), will fund the Transferred Commitments in respect of that Loan to the extent that New Lender has failed to so fund (or has confirmed that it will not be able to fund) on any Utilisation Date in respect of the 2023 Additional Term Facility in circumstances where such New Lender is contractually obliged to do so under this Additional Facility Notice.

Cure Rights means the 000 Xxxx Xxxxxx Cure Rights, the 000 Xxxxx Xxxxxxxx Cure Rights and the Courtyard by Marriott Cure Rights.