Failure to Cure definition

Failure to Cure means a failure by the Corporation to maintain the AMPS Basic Maintenance Amount or the 1940 Act AMPS Asset Coverage Requirement, as the case may be, which failure is not cured by the relevant Cure Date.

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Failure to Cure means a failure by the Corporation to maintain the AMPS Basic Maintenance Amount or 1940 Act AMPS Asset Coverage Requirement, as the case may be, which failure is not cured on or before the third day following the related Valuation Date as reflected in a Portfolio Valuation Report delivered to S&P and confirmed by the Corporation's Independent Accountants.

Failure to Cure has the meaning ascribed thereto in Section 2.3(b).

Examples of Failure to Cure in a sentence

• A Notification of Failure to Cure Material Breach may be appealed to CDFA.

• The non-breaching party shall send a Notice of Failure to Cure Material Breach upon its decision to carry out any of these actions.

• These actions are effective upon issuance of the Notice of Failure to Cure Material Breach, unless the Recipient appeals a Notice of Failure to Cure Material Breach, in which case the effective date falls on the issuance of a final decision on the appeal.

• The appeal must be post marked within ten (10) calendar days of the date the Recipient received the Notice of Failure to Cure and addressed to the CDFA Legal Office of Hearing and Appeals or emailed to ▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇.▇▇▇.

• Only Events of Default expressly described in the Notice of Failure to Cure may give rise to a termination of this Lease by Owner pursuant to its termination rights hereunder.

• If Bancard does not renew this Agreement because of reasons other than a Certegy Failure to Cure, then Bancard shall not enter into a processing agreement with any other company without having first made an offer to Certegy to enter into an agreement on the same or better terms and conditions as such other company is offering to Bancard (the "Competitive Bid").

• The Recognized Mortgagee and the Recognized Mezzanine Lender shall have a concurrent period of ninety (90) days after receipt of the Notice of Failure to Cure (the “Cure Period”) which, for the avoidance of doubt, shall not be extended pursuant to the provisions of Section 25.1(b)), in the case of any Event of Default, to (1) cure the Event of Default referred to in the Notice of Failure to Cure or (2) cause it to be cured, subject to the provisions of Section 25.1(b).

• Only Events of Default expressly described in the Notice of Failure to Cure may give rise to a termination of the Lease by Landlord pursuant to its termination rights hereunder.

• Subject to the provisions of Section 11.13, either the Recognized Mortgagee or the Recognized Mezzanine Lender shall have the right to cure or cause to be cured the Event(s) of Default set forth in the Notice of Failure to Cure.

• Within 60 days after the date of receipt of the Failure to Cure Notice, the Secured Lender, in its sole discretion, may cure a Payment Default (including any amounts accruing since the Failure to Cure Notice) on behalf of the Resident and may cure a material nonmonetary violation if it is of a type able to be cured by a third party, and/or may assume the Resident’s rights under this Agreement.

More Definitions of Failure to Cure

Failure to Cure means the failure by the Corporation to satisfy the Moody's Test, the S&P Test or the 1940 Act Asset Coverage requirement, as the case may be, which failure is not cured by the relevant Cure Date.