Equity Cure Notice definition

Equity Cure Notice means a notice from the Borrower to the Facility Agent which satisfies each of the following conditions:
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Equity Cure Notice has the meaning assigned to such term in Section 2.06(c).
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Equity Cure Notice has the meaning assigned to such term in Section 9.01(d)(i).
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Examples of Equity Cure Notice in a sentence

  • 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 amount necessary to cure such Borrowing Base Deficiency is contributed from the Equityholder to the Borrower in immediately available funds, and such amount shall be applied by the Borrower to eliminate such Borrowing Base Deficiency, in each case, within thirteen (13) Business Days of the date such Equity Cure Notice is delivered to the Administrative Agent.

  • 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 amount necessary to cure such Borrowing Base Deficiency is contributed to the Borrower in immediately available funds, and such amount shall be applied by the Borrower to eliminate such Borrowing Base Deficiency, in each case, within ten (10) Business Days of the date such Equity Cure Notice is delivered to the Administrative Agent.


More Definitions of Equity Cure Notice

Equity Cure Notice. A notice from the Borrower to the Administrative Agent which satisfies each of the following conditions:
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Equity Cure Notice has the meaning set forth in Section 7.3(a).
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Equity Cure Notice has the meaning assigned to such term in Section 9.01(e)(i). “Equity Cure Right” has the meaning assigned to such term in Section 9.01(e).
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Equity Cure Notice has the meaning specified in the Fee Letter.
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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.
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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
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Related to Equity Cure Notice

  • Cure Amount has the meaning assigned to such term in Section 7.02(a).

  • Repayment Notice Each notice required to be delivered by the Borrower pursuant to Section 2.3 in respect of any reduction in the Facility Amount or repayment of Advances Outstanding, in the form of Exhibit A-2.

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Payment Notice has the meaning assigned to it in Section 8.06(c).