Equity Cure definition

Equity Cure shall have the meaning set forth in Section 11.5.

Equity Cure has the meaning specified in Section 7.10(b).

Equity Cure has the meaning specified in Section 5.04(c).

Examples of Equity Cure in a sentence

• In the event that Sunnova Energy elects to make a Permitted Equity Cure Payment, Sunnova Energy shall notify the Issuer, the Indenture Trustee, the Backup Servicer and the Servicer of such election on or prior to the date that is not later than three Business Days prior to the related Determination Date.

• There shall be no pro forma reduction in Consolidated Total Funded Indebtedness (by netting or otherwise) with the proceeds of any Equity Cure Contribution for determining compliance with the Financial Covenant under Section 6.08 as of and for the Test Period ending on the last day of the Cure Quarter; provided that such Equity Cure Contribution shall reduce Consolidated Total Funded Indebtedness in future fiscal quarters to the extent used to prepay any applicable Indebtedness.

• The parties hereby acknowledge that this Section may not be relied on for purposes of calculating any financial ratios other than as applicable to Sections 9.3.1 and 9.3.2. Notwithstanding the foregoing, for purposes of calculating Excess Cash Flow, EBITDA shall not include the amount of any Equity Cure Contributions.

• All Equity Cure Contributions shall be disregarded for all purposes of this Agreement (including determining any baskets conditioned upon meeting a leverage ratio contained herein and in the other Credit Documents); provided, that, any such Equity Cure Contributions shall be included in Consolidated EBITDA for the purpose of determining compliance with the Financial Covenant for the applicable Cure Quarter and each fiscal quarter thereafter in a Test Period that includes the Cure Quarter.

• Upon receipt of any Equity Cure Contribution, the Borrower shall prepay the Loans in an aggregate amount equal to 100% of such Equity Cure Contribution.

More Definitions of Equity Cure

Equity Cure means the equity cure described in Clause 10.3 (Equity Cure).

Equity Cure has the meaning assigned to such term in Section 8.14(c)(i)(B).

Equity Cure means Borrower’s receipt, within sixty (60) days of any failure to achieve the Performance to Plan Milestone, of net proceeds from the sale and issuance of Parent’s equity securities, to investors and on terms and conditions reasonably acceptable to Collateral Agent and the Lenders, of at least Ten Million Dollars ($10,000,000.00).

Equity Cure means an Equity Contribution applied in accordance with Clause 19.4 (Equity Cure).

Equity Cure means an equity injection in accordance with Clause 13.3 (Equity Cure).

Equity Cure as defined in Section 7.4.

Equity Cure shall have the meaning set forth in Section 7.3.