Equity Cure Right definition

Equity Cure Right has the meaning set forth in Section 10.03(a).
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Equity Cure Right has the meaning given to such term in Section 9.13(f).
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Equity Cure Right has the meaning ascribed thereto in Section 8.03.
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Examples of Equity Cure Right in a sentence

  • If a Compliance Certificate delivered under Schedule 9 (Information covenants) of the Trust Deed for any period shows that there is an Event of Default as a result of the Collateral Cover Ratio being less than 1.05:1, the shareholders may at their sole discretion pay or procure the payment of additional equity to the Issuer in an amount (the Equity CureAmount) at least equal to the amount necessary to remedy such Event of Default in accordance with paragraph (c) (an Equity Cure Right).

  • If after the date (if any) on which the Equity Cure Right is attempted/exercised, another Financial Covenant Trigger Date occurs, no equity cure shall be permitted and Borrower shall, at all times thereafter, be in compliance with Section 5.10(a) set forth above.

  • Equity Cure Right 136 ARTICLE VIII THE ADMINISTRATIVE AGENTS Section 8.01.

  • Clause “(iii)” of such section shall be amended and restated to read in full as follows: (iii) The Equity Cure Right may be exercised after the First Amendment Effective Date an unlimited number of times in respect of any Equity Cure Test Date occurring with respect to any fiscal quarter ending on or prior to December 31, 2016.

  • For the avoidance of doubt, to the extent that the Borrower Representative exercises the Equity Cure Right, no Loan Party or Subsidiary thereof shall be permitted to make cash payments in respect of the Second Lien Term Loan Agreement or to incur any new Indebtedness, and/or to make any Restricted Payments pursuant to Sections 5.10(e) or (f) or Investments pursuant to Section 5.4(i) for the subsequent twelve (12) calendar months.


More Definitions of Equity Cure Right

Equity Cure Right has the meaning given to such term in Clause 23.3(a) (Equity Cure Right).
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Equity Cure Right shall have the meaning provided in Section 7.02.
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Equity Cure Right. As defined in Section 16.6.
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Equity Cure Right is defined in Section 5.10(b) hereof.
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Equity Cure Right. As defined in Section 14.1.
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Equity Cure Right. Preamble Section 8.13 “Event of Default” Section 8 “Exchange Cap” Section 2.7(a)
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Equity Cure Right. Section 6.13 “Event of Default” Section 8
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