Cure Time means, in respect of any Collateral Call Trigger Event in respect of which Administrative Agent or any Lender has delivered a Collateral Call Notice to Borrower, 5:00 p.m. on the second succeeding Scheduled Trading Day following the Scheduled Trading Day on which Borrower has received (in accordance with Section 9.02) the relevant Collateral Call Notice; provided that if any Collateral Call Notice is received on a day that is not a Scheduled Trading Day, or after the Collateral Call Notice Deadline on any Scheduled Trading Day, such Collateral Call Notice shall be deemed to have been received at the open of business on the immediately following Scheduled Trading Day after delivery of such Collateral Call Notice.
Cure Time means the earlier of (A) two (2) full business days before the scheduled expiration date of the Offer (as such period may be extended) or (B) ten (10) full business days following notice to the Company of the existence of such condition.
Cure Time has the meaning specified in the Additional Terms Letter.
Examples of Cure Time in a sentence
High Severity Level 3 10 Days Entire Organization, Essential Personnel or Systems Medium Severity Level 2 20 Days More than One Individual, a Group or Department Low Severity Level 1 30 Days A Single Individual 3.4. Termination for Centre Breach Pursuant to Section 4.2 of the MSA and the table above, the Customer shall have the right to exit the SSA without fee if Centre fails to meet the Cure Time for the respective Severity Level after being notified by the Customer of a material breach.
CM/GC shall promptly remedy any Non-Compliant Work in accordance with the Contract and within the Cure Time stated in the Notice of Non-Compliance.
If CM/GC does not correct the Non-Compliant Work within the Cure Time stated in the Notice of Non-Compliance, CM/GC shall be deemed to have breached the Notice of Non-Compliant Work.
ART shall be required to cease transmission on the date that the Cure Time elapses, that the Final Order becomes effective, or immediately under subsection (iv) of this Section 2.2.
Cure Time -- no traffic or trades shall be allowed on the surface for a period of one (1) week following completion to allow for complete and proper cure of the finish.Cure Time – no heavy items or heavy installation (i.e. – 10 row bleachers or above) for a period of four (4) weeks following completion to allow for complete and proper cure of the wear coat layer.
More Definitions of Cure Time
Cure Time means, in respect of any Collateral Shortfall, 5:00 p.m. on the Business Day following the Scheduled Trading Day on which the related Collateral Call Notice is given (if the LTV Ratio is greater than 65%) or on the second Business Day following the Scheduled Trading Day on which the related Collateral Call Notice is given (if the LTV Ratio is equal to or less than 65%); provided that if any Collateral Call Notice is given on a day that is not a Scheduled Trading Day, such Collateral Call Notice shall be deemed to have been given at the open of business on the immediately following Scheduled Trading Day.
Cure Time means, in respect of any Collateral Shortfall or any Mandatory Prepayment Event, 3:00 p.m. on the second Business Day following the Scheduled Trading Day on which the related Collateral Call Notice or the Mandatory Prepayment Event Notice, as applicable, is given; provided that if any Collateral Call Notice or the Mandatory Prepayment Event Notice, as applicable, is given on a day that is not a Scheduled Trading Day, such Collateral Call Notice or the Mandatory Prepayment Event Notice, as applicable, shall be deemed to have been given at the open of business on the immediately following Scheduled Trading Day.
Cure Time means, (a) in respect of any Collateral Shortfall, 3:00 p.m. on the second Scheduled Trading Day following the Scheduled Trading Day on which Borrower has received (in accordance with Section 10.02) the relevant Collateral Call Notice; provided that if any Collateral Call Notice is received on a day that is not a Scheduled Trading Day, or after the Collateral Call Notice Deadline on any Scheduled Trading Day, such Collateral Call Notice shall be deemed to have been received at the open of business on the immediately following Scheduled Trading Day and (b) in respect of any Mandatory Prepayment Event, 11:00 a.m. on each of the second (“First Cure Time”), third (“Second Cure Time”) and fifth (“Third Cure Time”) Scheduled Trading Days following the Scheduled Trading Day on which Borrower has received (in accordance with Section 2.06(b)) the relevant Mandatory Prepayment Notice; provided further that if any Mandatory Prepayment Notice is received on a day that is not a Scheduled Trading Day, such Mandatory Prepayment Notice shall be deemed to have been received at the open of business on the immediately following Scheduled Trading Day.
Cure Time means, in respect of any Collateral Shortfall, 5:00 p.m. on the second Scheduled Trading Day following the Scheduled Trading Day on which Borrower has received (in accordance with Section 9.02) the relevant Collateral Call Notice; provided that if any Collateral Call Notice is received on a day that is not a Scheduled Trading Day, or after the Collateral Call Notice Deadline on any Scheduled Trading Day, such Collateral Call Notice shall be deemed to have been received at the open of business on the immediately following Scheduled Trading Day; provided, further, that if within the two Scheduled Trading Day period described above, Borrower provides the Calculation Agent, at Borrower’s election, with a Confirmation, the Cure Time with respect to the amount of the equity contribution contemplated by such Confirmation shall instead be 5:00 p.m. on the 14th Business Day following the Scheduled Trading Day on which Borrower has received (or has been deemed to receive, in accordance with the foregoing proviso) the relevant Collateral Call Notice; provided, further, that if any of the representations and warranties set forth in the confirmation notice or the equity commitment letter described in clauses (a) and (b) of the definition of “Confirmation” shall be determined by the Calculation Agent to have been incorrect or misleading in any material respect when made, the Cure Time shall thereupon immediately occur.
Cure Time means, in respect of any Collateral Shortfall, 1:00 p.m. on the second Scheduled Trading Day following the Scheduled Trading Day on which the Borrowers received (in accordance with Section 9.02) the relevant Collateral Call Notice (such date the “Collateral Call Notice Date”); provided that if any Collateral Call Notice is received on a day that is not a Scheduled Trading Day, or after the Collateral Call Notice Deadline on any Scheduled Trading Day, such Collateral Call Notice shall be deemed to have been received at the open of business on the immediately following Scheduled Trading Day, and provided further that if prior to 1:00 p.m. on the date that on which the Cure Time would otherwise have occurred, the Borrowers have delivered to the Lender written confirmation that they have commenced such steps as are required to provide additional Acceptable Collateral and that the steps so taken are irrevocable together with reasonable evidence of such steps, in each case satisfactory to the Lender, acting reasonably, the Cure Time will be extended to 1:00 p.m. on the fourth Scheduled Trading Day following the Collateral Call Notice Date.
Cure Time has the meaning specified in Section 2.08(c).