Extended Cure Time definition

Extended Cure Time means, in respect of any Collateral Call Trigger Event in respect of which Administrative Agent or any Lender has delivered a Collateral Call Notice to Borrower, 5:00 p.m. on the fifth (5th) succeeding Scheduled Trading Day after the date of the Cure Time.
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Extended Cure Time has the meaning provided in Section 4.1(a).
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Extended Cure Time means, (a) in respect of a Collateral Shortfall or Mandatory Prepayment Event as to which an RCF Certificate has been delivered to Administrative Agent on or prior to the applicable Cure Time for such Collateral Shortfall or Mandatory Prepayment Event, as the case may be, the earliest of (i) 3:00 p.m. on the third Business Day immediately following such Cure Time, (ii) the time at which Administrative Agent notifies Borrower that it has determined that there is a reasonable likelihood that any of the representations and warranties set forth in the RCF Certificate was incorrect or misleading in any material respect or that any Sponsor has not complied with any covenant applicable to it set forth in the RCF Certificate in any material respect and (iii) the time of receipt of notice by Administrative Agent from any Sponsor that such Sponsor has received notice or has any other reason to believe that the contemplated funding specified in the RCF Certificate will not be consummated by 3:00 p.m. on the third Business Day immediately following such Cure Time or (b) in respect of a Collateral Shortfall or Mandatory Prepayment Event as to which a Capital Call Confirmation Package has been delivered to Administrative Agent on or prior to the applicable Cure Time for such Collateral Shortfall or Mandatory Prepayment Event, as the case may be, the earliest of (i) 3:00 p.m. on the twelfth Business Day immediately following such Cure Time, (ii) the time at which Administrative Agent notifies Borrower that it has determined that there is a reasonable likelihood that any of the representations and warranties set forth in the Capital Call Confirmation Package was incorrect or misleading in any material respect or that any Sponsor has not complied with any covenant applicable to it set forth in the Capital Call Confirmation Package in any material respect and (iii) the time of receipt of notice by Administrative Agent from any Sponsor that such Sponsor has received notice or has any other reason to believe that any of such Sponsor’s limited partners will not satisfy its obligations with respect to the relevant capital calls.
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Examples of Extended Cure Time in a sentence

  • It will deliver, or cause to be delivered, to the Borrower all amounts received in respect of such capital calls as promptly as practicable but in any event no later than the Extended Cure Time, and the Borrower shall transfer all such amounts into the Collateral Accounts on a Pro Rata Basis following receipt.

  • The Investment Manager will deliver, or cause to be delivered, to the Borrower all amounts received in respect of such capital calls as promptly as practicable but in any event no later than the Extended Cure Time, and the Borrower shall transfer all such amounts into the Collateral Accounts on a Pro Rata Basis following receipt.


More Definitions of Extended Cure Time

Extended Cure Time has the meaning specified in the Additional Terms Letter.
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Extended Cure Time has the meaning provided in SECTION 4.1(A).
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Extended Cure Time. “LTV Ratio” or “Relevant Cure Time,” or increase the LTV Initial Level, the LTV Maintenance Level, the LTV Margin Call Level, or the LTV Release Level (or, in each case, any defined term used therein);
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Extended Cure Time. “Facility Adjustment Event,” “LTV Ratio,” “Mandatory Prepayment Event,” “Relevant Cure Time” or increase the LTV Maintenance Level or the LTV Margin Call Level;
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Related to Extended Cure Time

  • Anticipated Cure Deadline has the meaning specified in Section 8.03(a).

  • Company Cure Period has the meaning specified in Section 10.01(b).

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • Initial Cure Period As defined in Section 2.03(b).

  • Asset Coverage Cure Date means, with respect to the failure by the Fund to maintain Asset Coverage as of the close of business on a Business Day (as required by Section 2.4(a)), the date that is thirty (30) calendar days following such Business Day.

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.

  • Deferred Net Cash Proceeds Payment Date shall have the meaning provided such term in the definition of Net Cash Proceeds.

  • Equity Issuance means any issuance or sale by a Person of any Equity Interest in such Person and shall in any event include the issuance of any Equity Interest upon the conversion or exchange of any security constituting Indebtedness that is convertible or exchangeable, or is being converted or exchanged, for Equity Interests.

  • Policy Issuance Date means the date of first issuance of these Terms and Benefits.

  • Cure Date means the MuniPreferred Basic Maintenance Cure Date or the 1940 Act Cure Date, as the case may be.

  • Deferred Net Cash Proceeds shall have the meaning provided such term in the definition of Net Cash Proceeds.

  • Non-Monetary Default Cure Period shall have the meaning assigned to such term in Section 11(d).

  • First Issue Date means the date on which the Issuer issues a Series of Covered Bonds for the first time pursuant to the Programme;

  • Rating Decline means a decrease in the rating of the Notes by either Xxxxx’x or S&P by one or more gradations (including gradations within Rating Categories as well as between Rating Categories). In determining whether the rating of the Notes has decreased by one or more gradations, gradations within Rating Categories, namely + or – for S&P, and 1, 2, and 3 for Xxxxx’x, will be taken into account; for example, in the case of S&P, a rating decline either from BB+ to BB or BB- to B+ will constitute a decrease of one gradation.

  • Excluded Equity Issuance means (i) any issuance of Equity Interest by a member of the Restricted Group to another member of the Restricted Group, (ii) any issuance of Equity Interests by the Borrower pursuant to an equity incentive or compensation plan or pursuant to a dividend reinvestment or share purchase plan, and (iii) any issuance of Equity Interest in Parent to acquire limited partnership interests in PREIT.

  • Investment Grade Credit Rating means (a) with respect to Fitch, a credit rating of BBB- or higher, (b) with respect to Xxxxx’x, a credit rating of Baa3 or higher and (c) with respect to S&P, a credit rating of BBB- or higher.

  • Rating Date means the date which is 90 days prior to the earlier of (i) a Change in Control and (ii) public notice of the occurrence of a Change in Control or of the intention of the Company to effect a Change in Control.

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

  • Availability Date means the day after the end of the fourth fiscal quarter following the fiscal quarter that includes such Effective Time on which the Company is required to file its Form 10-Q for such fiscal quarter except that, if such fourth fiscal quarter is the last quarter of the Company’s fiscal year, “Availability Date” means the day after the end of such fourth fiscal quarter on which the Company is required to file its Form 10-K.

  • Legal Final Maturity Date means the first Settlement Date on or after the date that is two years after the Termination Date.

  • Auto-Call Valuation Date means, in respect of an Index and subject to the Adjustment Provisions, each day specified as such in the definition of Auto-Call Trigger Level, or if any such day is not a Scheduled Trading Day for such Index, the next following Scheduled Trading Day in respect of such Index.

  • Subsequent Financing shall have the meaning ascribed to such term in Section 4.12(a).

  • Net Cash Proceeds with respect to any issuance or sale of Capital Stock, means the cash proceeds of such issuance or sale net of attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.

  • Equity Issuance Proceeds means, with respect to any Equity Issuance, all cash and cash equivalent investments received by any Restricted Entity from such Equity Issuance (other than from any other Credit Party) after payment of, or provision for, all underwriter fees and expenses, SEC and blue sky fees, printing costs, fees and expenses of accountants, lawyers and other professional advisors, brokerage commissions and other out-of-pocket fees and expenses actually incurred by any Restricted Entity in connection with such Equity Issuance.

  • Cash Proceeds means proceeds that are money, checks, deposit accounts, or the like.