Liquidity Cure Amount definition

Liquidity Cure Amount has the meaning assigned to such term in Section 6.13(c).
Liquidity Cure Amount means, on any date of determination, the greater of (a) $25,000,000.00, and (b) the sum of (i) the trailing twelve month Consolidated Interest Incurred, plus (ii) the aggregate principal amount of Consolidated Indebtedness maturing in the next twelve months.
Liquidity Cure Amount shall have the meaning set forth in Section 10.03(a).

Examples of Liquidity Cure Amount in a sentence

  • No Revolving Lender, Swingline Lender or Issuing Bank shall make any Revolving Loan or Swingline Loan or to issue any Letter of Credit from and after the date that Liquidity is less than $10,000,000 unless and until the Liquidity Cure Amount is actually received by the Borrower.

  • For the avoidance of doubt, no Lender shall be required to make any extension of credit and no Issuing Bank shall be required to Issue any Letters of Credit during the three (3) Business Day period referred to in clause (c) above unless the Borrower has received the proceeds of such Liquidity Cure Amount.

  • For the avoidance of doubt, any amounts received during a Liquidity Cure Right Exercise Period in connection with a Revenue Cure Right (as defined below) under Section 7.13.2(b) may be included in determining whether the Liquidity Cure Amount was received under this Section 7.13.1(b) during such Liquidity Cure Right Exercise Period.

  • Ale porovnanie z hľadiska dátovej, konsenzus a sieťovej vrstvy je na pomerne vysokej úrovni a zanedbáva komplexnosť jednot- livých vrstiev.

  • No Revolving Lender, Swingline Lender or Issuing Bank shall make any Revolving Loan or Swingline Loan or to issue any Letter of Credit from and after the date that Liquidity is less than $15,000,000the minimum amount required at such time unless and until the Liquidity Cure Amount is actually received by the Borrower.


More Definitions of Liquidity Cure Amount

Liquidity Cure Amount shall be defined as and shall be equal to an amount equal to the minimum amount which, when included in the calculation of Liquidity for the applicable fiscal month, would result in the Borrowers being in pro forma compliance with Section 9.4 as of such fiscal month.
Liquidity Cure Amount has the meaning assigned to such term in Section 6.13(c). “Liquidity Cure Contribution” has the meaning assigned to such term in Section 6.13(c). “Loan Document Obligations” means (a) the due and punctual payment by the Borrower of (i) the principal of and interest at the applicable rate or rates provided in this Agreement (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral, and (iii) all other monetary obligations of the Borrower under or pursuant to this Agreement and each of the other Loan Documents, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or 57 US-DOCS\115047431.4127573765.6
Liquidity Cure Amount means, on any date of determination, the greater of (a) $25,000,000.00, and
Liquidity Cure Amount has the meaning assigned to such term in Section 6.13(c). “Liquidity Cure Contribution” has the meaning assigned to such term in Section 6.13(c). “Loan Document Obligations” means (a) the due and punctual payment by the Borrower of (i) the principal of and interest at the applicable rate or rates provided in this Agreement (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to 56 US-DOCS\115047431.4
Liquidity Cure Amount has the meaning assigned to such term in Article VII.
Liquidity Cure Amount as of the applicable date of determination and (y) in the case of Internally Generated Cash, the amount of such Internally Generated Cash that are to be classified as a “Liquidity Cure Amount” as of the applicable date of determination. During such sixty (60) day period described above in this Section 8.17(c), to the extent that (i) no Event of Default exists (other than in respect of Section 8.17) at such time and (ii) the Administrative Agent has received written notice from the Parent (or, with respect to any date occurring prior to the Transaction Closing Date, the Borrower) that it intends to exercise a Liquidity Cure Right with respect to the Event(s) of Default under Section 8.17 existing at such time, the Administrative Agent and the Lenders shall not be permitted to (x) accelerate the Obligations or (y) exercise remedies under the Loan Documents (including against the Collateral), in each case, solely as a result of such Event(s) of Default under Section 8.17, until the end of such sixty (60) day period.
Liquidity Cure Amount has the meaning assigned to such term in Section 6.13(c). “Liquidity Cure Contribution” has the meaning assigned to such term in Section 6.13(c). “Loan Document Obligations” means (a) the due and punctual payment by the Borrower of (i) the principal of and interest at the applicable rate or rates provided in this Agreement (including interest