Cure Threshold definition

Cure Threshold means, on any date of determination, (a) the sum, determined with respect to all Transactions, of the products of (i) the Independent Amount Percentage with respect to such Transaction multiplied by (ii) the Notional Amount with respect to such Transaction on such date of determination divided by (b) the Portfolio Notional Amount on such date of determination.

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Cure Threshold means (a) with respect to the first Valuation Date (if any) on which the Net Collateral Value Percentage is less than the Termination Threshold and for the period thereafter until the Net Collateral Value Percentage is at least equal to 20%, but only if the Diversity Score at the end of such period is greater than or equal to 15, 20% and (b) otherwise, 25%.

Cure Threshold means, on any date of determination occurring from and including the Effective Date, a percentage equal to (a) the aggregate of all Independent Amounts under this Confirmation over (b) the Portfolio Notional Amount.

Examples of Cure Threshold in a sentence

• Cure Threshold: As of any date of determination, (a) the sum, for each Transaction, of the products of (i) the Independent Amount Percentage in relation to such Transaction multiplied by (ii) the Notional Amount on such date in relation to such Transaction divided by (b) the Portfolio Notional Amount on such date.

• As of any date of determination after the Ramp-Up Period, (a) the Cure Threshold on such date minus (b) 5%.

• Termination Threshold: As of any date of determination during the Ramp-Up Period, the Cure Threshold on such date.

• After Closing, whether such escrow is in the full amount of the reasonably estimated cure costs or limited by the Environmental Cure Threshold, Purchaser shall complete such cure using such escrowed funds.

• If Seller is not obligated under this Agreement to cure and elects not to cure, the parties shall proceed in the same manner as if Seller elected not to cure an Environmental Condition above the Environmental Cure Threshold and any Asset Group that has a positive value and is removed shall result in an adjustment to the Purchase Price, but removal of a negative value Asset Group shall not result in adjustment to the Purchase Price.

• If the reasonably estimated cure costs exceed the Environmental Cure Threshold for such Asset Group and Seller elects not to fully cure such condition, but Purchaser elects nonetheless to acquire the Asset Group, Seller shall at Closing escrow an amount equal to the Environmental Cure Threshold for such Asset Group.

• Purchaser shall not have the right to remove any Asset Group from the Closing if the reasonably estimated cure costs for such Asset Group, determined as above provided, are less than the Environmental Cure Threshold for such Asset Group.

• Purchaser, in its sole discretion, shall have the right to elect to accept the escrow and close, or to remove the Asset Group from the Assets in each case where the reasonably estimated cure costs exceed the Environmental Cure Threshold for such Asset Group, even where Seller is willing to escrow the entire reasonably estimated costs of effecting the cure.

• Seller shall use commercially reasonable efforts to cure all Non-Required Cure Title Objections, but shall in no event be required to commence or continue commercially reasonable efforts if the Non-Required Cure Threshold is reasonably estimated to be exceeded as set forth above.

More Definitions of Cure Threshold

Cure Threshold means 25%.

Cure Threshold means, on any date of determination from and including the Facility Effective Date, a percentage equal to (a) the aggregate of all Independent Amounts under this Master Confirmation over (b) the Portfolio Notional Amount.

Cure Threshold means, on any date of determination occurring (a) from and including the Effective Date to and including the nine-month anniversary of the Effective Date, 15% and (b) thereafter, 17.5%.