Examples of Equity Cure Amount in a sentence
For the purpose of remedying any breach of paragraph (a) above, the Permitted Equity Cure Amount shall be treated as though it had been received and applied in reduction of Senior Debt, Junior Debt or Borrowings on (i) the Relevant Testing Date for the purposes of calculating Group RAR and (ii) the first day of the Relevant Testing Period for the purpose of calculating Group ICR.
The payment of any such Equity Cure Amount by the Senior Obligors will reduce the number of occasions on which the Mezzanine Lenders may make a payment of an Equity Cure Amount and vice versa.
On payment of the Equity Cure Amount in accordance with paragraph (a) above, the Collateral Cover Ratio shall be re-calculated on a pro forma basis, as if the Equity Cure Amount had been provided at the Quarter Date and had increased the Cash held by the Issuer as at that date on a euro for euro basis.
Prepayment of Bonds pursuant to the Lock Up Cash Sweep and Mandatory Prepayment and Equity Cure Amount Mandatory Prepayment shall take place by transfer of such funds to the Bond Refinancing Reserve Account.
For the purpose of remedying any breach of paragraph(a) above, the Permitted Equity Cure Amount shall be treated as though it had been received and applied in reduction of Senior Debt, Junior Debt or Borrowings on (i) the Relevant Testing Date for the purposes of calculating Group RAR and (ii) the first day of the Relevant Testing Period for the purpose of calculating Group ICR.