Equity Cure Notice has the meaning assigned to such term in Section 2.06(c).
Equity Cure Notice means a notice from the Borrower to the Facility Agent which satisfies each of the following conditions:
Equity Cure Notice. A notice from the Borrower to the Administrative Agent which satisfies each of the following conditions:
Examples of Equity Cure Notice in a sentence
The Equity Cure Notice shall set forth the calculation of the applicable Equity Cure Amount (as defined below) and be certified by a Financial Officer of the Borrower.
As of the Second Amendment Effective Date, the Borrower has completed the Subject Equity Cure by receiving an Equity Cure Contribution in an amount equal to the Equity Cure Amount referenced in the Subject Equity Cure Notice.
The Equity Cure Notice shall specify the Borrower’s failure to comply with each of the relevant financial covenants for which the equity cure shall apply and shall set forth the calculation of the Equity Cure Amount (as defined below) and be certified by a Financial Officer of the Borrower.
The Equity Cure Notice shall set forth the calculation of the Equity Cure Amount (as defined below) and be certified by a Financial Officer.
The Equity Cure Notice shall set forth the calculation of the applicable Financial Covenant Cure Amount.
More Definitions of Equity Cure Notice
Equity Cure Notice has the meaning assigned to such term in Section 9.01(d)(i).
Equity Cure Notice means a notice from the Investment Advisor to the Administrative Agent which satisfies each of the following conditions:
Equity Cure Notice has the meaning set forth in Section 7.3(a).
Equity Cure Notice has the meaning assigned to such term in Section 2.06(c). USActive 55323723.458318056.5 11 securing Second Lien Loans) is expressly subject to and contractually or structurally subordinate to the priority Liens securing such First Lien Loan, (d) that the Servicer determines in accordance with the Servicing Standard that the value (or the enterprise value) of the Related Collateral securing the Loan Asset on or about the time of origination equals or exceeds the Outstanding Balance of the Loan Asset plus the aggregate outstanding balances of all other Indebtedness of equal seniority secured by the same Related Collateral, (e) for which the Senior Leverage Ratio as of the Cut-Off Date is less than 4.50:1.00 and (f) that is not a Second Lien Loan, Unitranche Loan or FLLO Loan.
Equity Cure Notice has the meaning specified in the Fee Letter.
Equity Cure Notice means a notice from the Collateral Manager to the Administrative Agent which satisfies each of the following conditions: (a) such notice is delivered to the Administrative Agent not later than three (3) Business Days after the occurrence of a Borrowing Base Deficiency; and (b) such notice sets forth evidence satisfactory to the Administrative Agent in its reasonable discretion demonstrating that the Borrower will cure such Borrowing Base Deficiency in its entirety by effecting a Borrowing Base cure pursuant to Section 2.06 within fifteen (15) Business Days of the date the Borrower obtained knowledge of such Borrowing Base Deficiency. “Equity Interest” means, with respect to any Person, all of the shares of capital stock of (or share or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or share or other ownership or profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or share or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of determination. “Equity Security” means (a) any equity security or any other security that is not eligible for purchase by the Borrower as an Eligible Collateral Asset and (b) any security purchased as part of a “unit” with an Eligible Collateral Asset and that itself is not eligible for purchase by the Borrower as an Eligible Collateral Asset. “Equityholder” means (i) initially, KKR Enhanced US Direct Lending Fund-L, a Delaware statutory trust, and (ii) from and after the Equityholder Conversion, KKR Enhanced US Direct Lending Fund-L Inc., a Delaware corporation. “Equityholder Collateral Asset” means each Collateral Asset sold and/or contributed by the Equityholder to the Borrower pursuant to the Sale Agreement.
Equity Cure Notice means a notice from the Collateral Manager to the Administrative Agent which satisfies each of the following conditions: USActive 55502425.1255502425.13