Examples of Interim Cure in a sentence
Upon such an Interim Cure being effected and certified by ILFC to the Administrative Agent and the Collateral Agent, at the Borrower’s request, the Collateral Agent shall direct the Securities Intermediary to return the relevant Interim Cash or any specified portion thereof to the Borrower to an account specified by the Borrower.
If the Borrower so requests in connection with an Interim Cure, the Collateral Agent shall direct the Securities Intermediary to deposit such portion of the Interim Cash specified by the Borrower in the Administrative Agent’s Account to be applied to prepay a portion of the principal amount of the Loans (provided that the Borrower shall pay any applicable Premium Amount as and to the extent otherwise provided in the definition of the term Premium Amount).
If the Borrower so requests in connection with an Interim Cure, the Collateral Agent shall direct the Securities Intermediary to deposit such portion of the Interim Cash specified by the Borrower in the Paying Agent’s Account to be applied to prepay a portion of the principal amount of the Loans (provided that the Borrower shall pay any applicable Premium Amount as and to the extent otherwise provided in the definition of the term Premium Amount).
The Interim Cure Arrangement referenced above shall consist of Worldspan obtaining, within thirty (30) days after IBM Credit’s written request therefor, an irrevocable, transferable letter of credit in favor of IBM Credit and in a form and substance reasonably acceptable to IBM Credit (“Acceptable L/C”).
If Worldspan fails to so implement an Interim Cure Arrangement or to maintain it for so long as Worldspan is in Default under this AMO Agreement, then IBM Credit may immediately request in writing that Worldspan pay a Settlement Charge, as described herein.
Seller agrees to use commercially reasonable efforts to cure the Interim Defect(s) identified in the Interim Notice; provided, however, in no event will Seller be obligated to file a lawsuit nor expend more than the portion of the $100,000 described above not previously expended in curing the Objection(s) (collectively, the "Interim Cure Limitations").
Requestors will be alerted if the items have different approval paths.
Upon Worldspan’s Default under this AMO Agreement and within thirty (30) days after IBM Credit’s written request therefor, Worldspan may, at its option, implement an Interim Cure Arrangement as described below.
If the Borrower so requests in connection with an Interim Cure, the Collateral Agent shall direct the Securities Intermediary to deposit such portion of the Interim Cash specified by the Borrower in the Administrative Agent’s Account to be applied to prepay a portion of the principal amount of the Loans (provided that the Borrower shall pay any applicable Premium Amount, in the case of a Removal).