Examples of Financial Covenant Cure in a sentence
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.
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.
Each prepayment made pursuant to this clause (b)(ii) and any prepayment made as a result of a Financial Covenant Cure Payment shall be accompanied by the payment of (A) accrued interest to the date of such payment on the amount prepaid and (B) the Applicable Prepayment Premium, if any, payable in connection with such prepayment of the Term Loan.
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.
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.
Private Home Inspectors If you wish to retain the services of a private home inspector to review your home during or at the end of construction, please be aware of Verity Homes policies regarding private home inspectors.
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.
If any Loan Party has deposited Cash Collateral with Administrative Agent pursuant to this Section 2.12 as a Financial Covenant Cure, and the condition that caused such Loan Party to deposit such Cash Collateral no longer exists or has otherwise been remedied, as evidenced by a Compliance Certificate delivered pursuant to Section 6.1(c), then upon written request of Borrower, Administrative Agent shall remit such Cash Collateral to Borrower.
Section 2 describes the data mining back- ground, Section 3 presents the proposed approach, Section 4 discusses the ex- perimental results, and Section 5 compares our approach with previous works.
Information provided within the application and by PEIMS will be used only to verify the qualification of the applicant as a member of the Targeted Population as defined by the ECHS Blueprint as issued by the Texas Education Agency.