Examples of Financial Covenant Cure in a sentence
The Cure Notice shall set forth the calculation of the applicable Financial Covenant Cure Amount (as hereinafter defined).
The Cure Notice shall set forth the calculation of the applicable Specified Financial Covenant Cure Amount (as hereinafter defined).
Such Financial Covenant Cure Amount received by Borrower Representative shall be included in the calculation of Consolidated EBITDA solely for the purposes of determining compliance with the financial covenant in Section 5.22 at the end of the Fiscal Quarter in which such Financial Covenant Default occurred and any subsequent period that includes such Fiscal Quarter but shall be disregarded for purposes of the calculation of Consolidated EBITDA for all other purposes.
Upon timely receipt by Borrower Representative in cash of the Financial Covenant Cure Amount, the Financial Covenant Default (and any Default or Event of Default resulting solely therefrom) shall be deemed cured and shall no longer be deemed to exist.
The Cure Notice shall set forth the calculation of the Financial Covenant Cure Amount (as hereinafter defined).
Net Proceeds of any Equity Cure Securities shall not be taken into account for cash netting purposes for the Fiscal Quarter with respect to which the Financial Covenant Cure Amount is made.
To the extent any of the Net Proceeds of any Equity Cure Securities shall be used by any Borrower to prepay Term Loans, the portion of the Term Loans that is so prepaid will not be taken into account for purposes of determining actual compliance with the financial covenant in Section 5.22 for the Fiscal Quarter with respect to which the Financial Covenant Cure Amount is made.
Any prepayment of a Utilisation under Clause 9.3 (Review Event), Clause 9.4 (Other mandatory prepayment events), Clause 9.6 (Voluntary prepayment of Facility A Loans), Clause 9.7 (Voluntary prepayment of Facility B Loans) or Clause 24.3 (Financial Covenant Cure) shall be applied pro rata to each Lender's participation in that Utilisation.
Except in connection with a Financial Covenant Cure Payment, in which case the Borrower shall at any time be permitted to voluntarily prepay the principal of the Term Loan to the extent of such Financial Covenant Cure Payment, the Borrower shall not be permitted to voluntarily prepay the principal of the Term Loan, in whole or in part, until July 25, 2006.
The Cure Notice shall set forth the calculation of the applicable Financial Covenant Cure Amount (as hereinafter defined) or Capex Covenant Cure Amount (as hereinafter defined).