Cured Default definition

Cured Default as defined in Subsection 1.2(c).
Cured Default has the meaning assigned to such term in Section 7.01.
Cured Default has the meaning specified in Section 1.02(9).

Examples of Cured Default in a sentence

  • The actual computation activities of the program are abstracted by job-statements, which are the unique operations that consume time.


More Definitions of Cured Default

Cured Default has the meaning assigned to such term in Section 1.03(c).
Cured Default shall have the meaning provided in Section 1.2(j).
Cured Default has the meaning assigned to such term in Section 1.15(b).
Cured Default as defined in Subsection 1.2(c). “Currency Agreement”: in respect of a Person, any foreign exchange contract, currency swap agreement or other similar agreement or arrangements (including derivative agreements or arrangements), as to which such Person is a party or a beneficiary. “Custodian”: any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. “Daily Simple SOFR Rate”: for any day (a “SOFR Rate Day”), a rate per annum equal to SOFR for the day that is five U.S. Government Securities Business Days prior to (i) if such SOFR Rate Day is a U.S. Government Securities Business Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website; provided, that if Daily Simple SOFR Rate determined as provided above shall ever be less than, 0.00%, then Daily Simple SOFR Rate shall be deemed to be 0.00%. If at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (i) the circumstances set forth in Subsection 4.7 have arisen and such circumstances are unlikely to be temporary or (ii) the circumstances set forth in Subsection 4.7 have not arisen but the SOFR Administrator or a Governmental Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which Daily Simple SOFR Rate shall no longer be used or be representative for determining interest rates for loans in Dollars, then, at the Borrower’s request, the Administrative Agent and the Borrower shall endeavor to establish an alternate rate of interest to Daily Simple SOFR Rate that gives due consideration to the then prevailing market convention for determining a rate of interest for syndicated loans in the United States at such time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related changes to this Agreement, including Benchmark Replacement Conforming Changes, as may be applicable (including amendments to the Applicable Margin to preserve the terms of the economic transactions initially agreed to among the Borrower, on the one hand, and the Lenders on the other hand). Notwithstanding anything to the contrary herein, such amendment shall become effective without...
Cured Default as defined in Section 7.1.
Cured Default has the meaning specified Section 1.02(d).
Cured Default has the meaning set forth in Section 1.4(a).