LTV Cure definition

LTV Cure has the meaning set forth in Section 5.16(c).
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LTV Cure means that one or more of the following actions have been taken to cure an LTV Trigger (or an anticipated LTV Trigger): payment of principal, addition or replacement of Aircraft, deposit of amounts (including from amounts received from Servicer Advances, advances under an AerCap Sub Note or otherwise) into the Liquidity Reserve Account or the Maintenance Reserve Account, or receipt of, or increase of the amounts available under, one or more letters of credit (subject to any requirements applicable for such letter of credit hereunder, if any).
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LTV Cure shall have the meaning provided in Section 7.19(b).
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Examples of LTV Cure in a sentence

  • Any such prepayment shall be in an amount of $500,000 or more and shall be accompanied by the applicable Prepayment Fee; provided that there shall be no minimum prepayment amount and no Prepayment Fee owed in connection with any prepayment in respect of an LTV Cure as permitted pursuant to Section 5.12.

  • In the event Borrower disputes the Appraised Value obtained by Lender, Borrower shall so state in Borrower’s LTV Cure Notice, in which event the applicable prepayment amount shall be retained by Lender in escrow pending final resolution of the Appraised Value.

  • If the parties cannot agree on the Appraised Value within ten (10) Business Days following the date of Borrower’s LTV Cure Notice, within forty-five (45) Business Days thereafter, Borrower, at its sole cost and expense, shall have the right to submit its own appraisal performed by a Qualified Appraiser for Lender’s consideration.

  • The Borrower shall have the right to voluntarily prepay the Loans, either in whole or in part (each, a “Non-Railcar Partial Prepayment”); provided, however, that (A) other than in respect of a Non-Railcar Partial Prepayment relating to a DSCR Cure or an LTV Cure, each such partial prepayment shall be in a minimum principal amount equal to $2,000,000, and (B) no Asset Disposition or release of the Lien of the Collateral Documents shall occur in connection with such Non-Railcar Partial Prepayment.


More Definitions of LTV Cure

LTV Cure has the meaning set forth in Section 7.12(a)(ii).
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Related to LTV Cure

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

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Company Cure Period has the meaning specified in Section 10.01(b).

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.