Lenders Cure Period definition

Lenders Cure Period has the meaning ascribed thereto in Section 4.5(e);
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Lenders Cure Period bears the meaning ascribed thereto in Section 13.5(e)(i); “Lien” means any encumbrance, lien, charge or security interest upon or in the Facility;
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Lenders Cure Period means sixty (60) days after written notice from Tenant within which to cure or correct such default (of which the initial thirty (30) days may run concurrently with the thirty (30) days after written notice from Tenant described in Section 24.12 above); provided, however, if such default cannot be cured or corrected within that time, then Lender’s Cure Period shall include such additional time as may be necessary to cure such default if such mortgagee, beneficiary or landlord has commenced to cure such Default within such sixty (60) day period and is diligently pursuing the remedies or steps necessary to cure or correct such default; provided, further, if such mortgagee, beneficiary or landlord requires possession of the Premises to prosecute such cure, and such mortgagee, beneficiary or landlord commences foreclosure proceedings within such sixty (60) day period (or is unable to commence foreclosure proceedings because of a bankruptcy proceeding involving Landlord or Tenant, but commences such foreclosure proceeding promptly after it is permitted to do so), then such sixty (60) day period shall commence to run only on the conveyance of the Premises pursuant to such proceeding.
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Examples of Lenders Cure Period in a sentence

  • In the event that the Lenders fail to cure any Company Event of Default on or before the expiration of the Lenders Cure Period the GOB may exercise its rights and remedies with respect to such default set forth in this Agreement, and the GOB may immediately terminate this Agreement, and such termination shall be effective on delivery to the Lenders or the Agent of notice of such termination.

  • In the event that the Lenders fail to cure any Company Event of Default on or before the expiration of the Lenders Cure Period BPDB may exercise its rights and remedies with respect to such default set forth in this Agreement and BPDB may immediately terminate this Agreement, and such termination shall be effective on delivery to the Lenders or the Agent of notice of such termination.

  • In the event that the Lenders fail to cure any Company Event of Default on or before the expiration of the Lenders Cure Period, BPDB may exercise its rights and remedies with respect to such default set forth in this Lease Agreement and BPDB may immediately terminate this Lease Agreement, and such termination shall be effective on delivery to the Lenders or the Agent of notice of such termination.

  • In the event that the Lenders fail to cure any Company Event of Default on or before the expiration of the Lenders Cure Period, BPDB may exercise its rights and remedies with respect to such default set forth in this Land Lease Agreement and BPDB may immediately terminate this Land Lease Agreement, and such termination shall be effective on delivery to the Lenders or the Agent of notice of such termination.

  • In the event that the Lenders fail to cure any Company Event of Default on or before the expiration of the Lenders Cure Period, NCC may exercise its rights and remedies with respect to such default set forth in this Land Use Agreement and NCC may immediately terminate this Land Use Agreement, and such termination shall be effective on delivery to the Lenders or the Agent of notice of such termination.

  • In the event that the Lenders fail to cure any Company Event of Default on or before the expiration of the Lenders Cure Period, [INSERT THE BUILDING OWNER NAME] may exercise its rights and remedies with respect to such default set forth in this Lease Agreement and [INSERT THE BUILDING OWNER NAME] may immediately terminate this Lease Agreement, and such termination shall be effective on delivery to the Lenders or the Agent of notice of such termination.


More Definitions of Lenders Cure Period

Lenders Cure Period bears the meaning ascribed thereto in Section 7.4(e)(i); “Lien” bears the meaning ascribed thereto in the Implementation Agreement;
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Lenders Cure Period means the period of time afforded to any Mortgagee to cure any Developer default in connection with a Developer default under such Project Segment prior to the City exercising its rights under the Construction Deed of Trust.
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Related to Lenders Cure Period

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

  • Potential Defaulting Lender means, at any time, (i) any Lender with respect to which an event of the kind referred to in the definition of “Lender Insolvency Event” has occurred and is continuing in respect of any Subsidiary of such Lender, or (ii) any Lender that has notified, or whose Lender Parent or a Subsidiary thereof has notified, the Administrative Agent, the Borrower or any LC Issuing Bank in writing, or has stated publicly, that it does not intend to comply with its funding obligations generally under other loan agreements, credit agreements and other similar agreements, unless such writing or statement states that such position is based on such Lender’s determination that one or more conditions precedent to funding cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement). Any determination by the Administrative Agent that a Lender is a Potential Defaulting Lender under any of clauses (i) and (ii) above will be conclusive and binding absent manifest error, and such Lender will be deemed a Potential Defaulting Lender (subject to Section 2.19(f) hereof) upon notification of such determination by the Administrative Agent to the Borrower, the LC Issuing Banks and the Lenders.

  • Non-Defaulting Lender means, at any time, each Lender that is not a Defaulting Lender at such time.

  • Defaulting Lender Rate means (a) for the first three days from and after the date the relevant payment is due, the Base Rate, and (b) thereafter, the interest rate then applicable to Revolving Loans that are Base Rate Loans (inclusive of the Base Rate Margin applicable thereto).

  • Available Commitment means a Lender’s Commitment minus:

  • Non-Defaulting Party has the meaning specified in Section 6(a).

  • Unused Commitment means, with respect to each Lender at any time, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Advances made by such Lender (in its capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Ratable Share of (A) the aggregate Available Amount of all the Letters of Credit outstanding at such time and (B) the aggregate principal amount of all Advances made by each Issuing Bank pursuant to Section 2.03(c) that have not been ratably funded by such Lender and outstanding at such time.

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Revolving Commitment Termination Date means the earliest of (i) July 31, 2018, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.8 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise).