Default Cure Date definition

Default Cure Date means (i) with respect to a Conversion Default described in clause (i) of its definition, the date the Corporation effects the conversion of the full number of shares of Series B Preferred Stock, (ii) with respect to a Conversion Default described in clause (ii) of its definition, the date the Corporation issues shares of Common Stock without a restrictive legend covered by an effective registration statement in satisfaction of all conversions of Series B Preferred Stock in accordance with Article IV.A, and (iii) with respect to a Conversion Default described in clause (i) or clause (ii) of its definition, the date on which the Corporation redeems shares of Series B Preferred Stock held by such holder pursuant to paragraph C of this Article VI.

Default Cure Date means, as applicable, (i) with respect to a Conversion Default described in clause (i) of Article VI.A, the date the Corporation effects the conversion of the full number of shares of Series A Preferred Stock, (ii) with respect to a Conversion Default described in clause (ii) of Article VI.A, the date the Corporation issues freely tradable shares of Common Stock in satisfaction of all conversions of Series A Preferred Stock in accordance with Article IV, or (iii) with respect to either type of a Conversion Default, the date on which the Corporation redeems shares of Series A Preferred Stock held by such holder pursuant to Article VI.A.

Default Cure Date means (i) with respect to a Conversion Default described in clause (i) of its definition, the date the Corporation effects the conversion of all of the outstanding Notes subject to the applicable Notice of Conversion, (ii) with respect to a Conversion Default described in clause (ii) of its definition, the date the Corporation issues freely tradable shares of Common Stock in satisfaction of all conversions of the Notes in accordance with Article III.A, and (iii) with respect to a Conversion Default described in clause (iii) of its definition, the date the prohibition ceases.

Examples of Default Cure Date in a sentence

• If there shall occur a Conversion Default of the type described in clause (y) of Article VI.A, then the Fixed Conversion Price with respect to any conversion thereafter shall be the lowest Conversion Price in effect at any time during the period beginning on, and including, the date of the occurrence of such Conversion Default through and including the Default Cure Date.

• In the case of a Conversion Default described in clause (ii) above, the Fixed Conversion Price with respect to any conversion thereafter shall be the lowest Conversion Price in effect at any time during the period beginning on, and including, the date of the occurrence of such Conversion Default through and including the Default Cure Date (as defined below).

• If there shall occur an Exercise Default of the type described in clause (y) of Article IV.A., then the Fixed Exercise Price with respect to any exercise thereafter shall be the lowest Exercise Price in effect at any time during the period beginning on, and including, the date of the occurrence of such Exercise Default through and including the Default Cure Date.

• If a Dividend Default occurs with respect to any Series of VMTP Shares as provided in Section 2.2(g) and such Dividend Default is not cured as of the Dividend Default Cure Date, the Fund shall, to the extent permitted by the 1940 Act and Delaware law, by the close of business on the Business Day next following such Dividend Default Cure Date, cause a notice of redemption to be issued for all such outstanding Series of VMTP Shares, in accordance with the terms of such Series of VMTP Shares.

• Notwithstanding anything to the contrary contained herein, the Fund may cure a Dividend Default on or before the Dividend Default Cure Date, in accordance with the terms of this Section 2.5(b)(ii), no more than once during any twelve month period.

More Definitions of Default Cure Date

Default Cure Date means (i) with respect to a Conversion Default described in clause (x) of its definition, the date the Corporation effects the conversion of the full Outstanding Amount requested to be converted and (ii) with respect to a Conversion Default described in clause (y) of its definition, the date the Corporation begins to honor conversions of the Debentures in accordance with their terms.

Default Cure Date means (i) with respect to an Exercise Default described in clause (x) of its definition, the date the Corporation effects the exercise of the portion of this Warrant submitted for exercise, and (ii) with respect to an Exercise Default described in clause (y) of its definition, the date the Corporation begins to issue freely tradeable shares of Common Stock in satisfaction of all exercises of Prepaid Warrants in accordance with their terms and (iii) with respect to either type of Exercise Default, the date on which the Corporation pays to Holder the Default Amount (as defined in Article VI.B) pursuant to Paragraph D of this Article IV.

Default Cure Date means, as applicable, (i) with respect to a Conversion Default described in clause (i) of Article IV.A, the date Borrower effects the conversion of the full amount of this Note being converted, (ii) with respect to a Conversion Default described in clause (ii) of Article IV.A, the date Borrower issues freely tradable shares of Common Stock in satisfaction of the conversion of the full amount of this Note being converted in accordance with Article II, or (iii) with respect to either type of a Conversion Default, the date on which Borrower prepay this Note pursuant to Article IV.A.

Default Cure Date means, as applicable, (i) with respect to a Conversion Default described in clause (i) of Article V.A, the date the Borrower effects the conversion of the full amount of this Note being converted, (ii) with respect to a Conversion Default described in clause (ii) of Article V.A, the date the Borrower issues freely tradable shares of Common Stock in satisfaction of the conversion of the full amount of this Note being converted in accordance with Article II, or (iii) with respect to either type of a Conversion Default, the date on which the Borrower prepays this Note pursuant to Article V.A.

Default Cure Date means (i) with respect to a Conversion Default described in clause (i) of its definition, the date the Corporation effects the conversion of all of the outstanding Notes subject to the applicable Notice of Conversion, (ii) with respect to a Conversion Default described in clause (ii) of its definition, the date the Corporation issues freely tradeable shares of Common Stock in satisfaction of all conversions of the Notes in accordance with Article III.A, and (iii) with respect to a Conversion Default described in clause (iii) of its definition, the date the prohibition ceases.

Default Cure Date means, as applicable, (i) with respect to a Conversion Default described in clause (i) of Article VI.A, the date the Corporation effects the conversion of the full number of shares of Series A Preferred Stock, (ii) with respect to a Conversion Default described in

Default Cure Date means (i) with respect to a Conversion Default described in clause (i) of its definition, the date the Corporation effects the conversion of all of the outstanding Notes, subject to the applicable Notice of Conversion, and (ii) with respect to a Conversion Default described in clause (ii) of its definition, the date the Corporation issues freely tradeable shares of Common Stock in satisfaction of all conversions of the Notes in accordance with Article III.A, and (iii) with respect to either type of a Conversion Default, the date on which the Corporation prepays the Notes held by such Holder pursuant to paragraph B of this Article V.