Relevant Cure Time definition

Relevant Cure Time means, in respect of any Collateral Shortfall, Mandatory Prepayment Event or Deleveraging Event, either (i) the applicable Cure Time for such Collateral Shortfall, Mandatory Prepayment Event or Deleveraging Event or (ii) if Borrower delivers a Capital Call Confirmation Package to Administrative Agent and each Lender on or prior to the applicable Capital Call Confirmation Deadline, the Extended Cure Time for such Collateral Shortfall, Mandatory Prepayment Event or Deleveraging Event, as applicable.
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Relevant Cure Time means, in respect of any Collateral Shortfall or Mandatory Prepayment Event, either (i) the applicable Cure Time for such Collateral Shortfall or Mandatory Prepayment Event or (ii) if Borrower (x) specifies its intent to deliver a Capital Call Confirmation Package with respect to the relevant Collateral Shortfall or Mandatory Prepayment Event in the relevant Cure Method Notice and (y) delivers such Capital Call Confirmation Package with respect to the specified Extended Amount to Administrative Agent and each Lender on or prior to the applicable Cure Time, the Extended Cure Time for such Collateral Shortfall or Mandatory Prepayment Event, as applicable.
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Relevant Cure Time means, in respect of any Collateral Shortfall or Mandatory Prepayment Event, as applicable, either (i) the applicable Cure Time for such Collateral Shortfall or Mandatory Prepayment Event, (ii) if a Borrowing Confirmation has been delivered to Administrative Agent and Calculation Agent at or prior to 2:00 p.m. on the Scheduled Trading Day immediately following the Collateral Shortfall Demand Date, the Borrowing Extended Cure Time or (iii) if (a) a Capital Call Confirmation Package has been delivered to Administrative Agent and Calculation Agent on or prior to the applicable Cure Time for such Collateral Shortfall or Mandatory Prepayment Event, as the case may be, (b) the Capital Call Cure Amount with respect to such Capital Call Confirmation Package is equal to or less than the Capital Call Maximum Amount (it being understood that if the Capital Call Maximum Amount is zero, no Capital Call Extended Cure Time shall apply to such Collateral Shortfall or Mandatory Prepayment Event, as applicable) and (c) the aggregate amount available to be drawn under the Subscription Facility does not exceed $1,000,000 as of the date of such Capital Call Confirmation Package (after taking into account the borrowing base and pending borrowings at the time, including without limitation any such borrowings pending for purposes of application toward the relevant Cure Amount hereunder by the Cure Time), the Capital Call Extended Cure Time for such Collateral Shortfall or Mandatory Prepayment Event, as applicable, but only in respect of the related Capital Call Cure Amount.
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Examples of Relevant Cure Time in a sentence

  • Upon Borrower’s receipt of any Mandatory Prepayment Event Notice in accordance with Section 9.02, all Commitments shall immediately be terminated and Borrower shall, prior to the Relevant Cure Time with respect to such Mandatory Prepayment Event, pay to Administrative Agent in accordance with Section 2.11 the Total Accrued Loan Amount.

  • In such event, Borrower shall, no later than the Relevant Cure Time with respect to such Mandatory Prepayment Event, pay to Administrative Agent in accordance with Section 2.11 the Total Accrued Loan Amount.

  • In such event, Borrower shall, no later than the Relevant Cure Time with respect to such Mandatory Prepayment Event and in an aggregate amount equal to the Total Accrued Loan Amount, (i) pay Cash to Administrative Agent in accordance with Section 2.11 and/or (ii) execute one or more Permitted Sale Transactions (the net proceeds of which shall be paid to Administrative Agent in accordance with Section 2.11 promptly upon settlement).

Related to Relevant Cure Time

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Settlement Currency means Pounds sterling ("GBP").

  • Threshold Event Cure shall have the meaning assigned to such term in Section 5(g).

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

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

  • Net Current Assets means for any date of determination the net current assets of such Person at such date of determination calculated as set forth on Exhibit H attached hereto.

  • Payment Currency has the meaning given in Clause 21.4;

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Agreement Currency has the meaning specified in Section 10.19.

  • relevant day means any day other than a Saturday, Sunday or a day which is a public holiday at the Postal Address of the receiving party;

  • Component Currency means any currency which, on the Conversion Date, was a component currency of the relevant currency unit.

  • Judgment Currency Conversion Date shall have the meaning assigned to such term in Section 11.18(a).

  • Relevant Price or "S(k)" means, in relation to a Fund Interest and any Strategy Calculation Date, the Fund Value per Fund Interest.

  • Relevant Customer means a person, firm or company who during the period of twelve months immediately preceding the Termination Date conducted a business relationship (including, without limitation, the provision of services and the negotiation for the same) with the Company or any Group Company and with whom the Executive had significant contact as an employee of the Company;

  • Disruption Cash Settlement Price means in respect of each Security, an amount in the Settlement Currency equal to the fair market value of the Share Amount (taking into account, where the Settlement Disruption Event affected some but not all of the Shares comprising the Share Amount and such non-affected Shares have been duly delivered as provided above, the value of such Shares), less the cost to the Issuer of unwinding any underlying related hedging arrangements, all as determined by the Issuer.

  • relevant loss means any loss or liability which has been or may be incurred by a relevant officer in connection with that relevant officer's duties or powers in relation to the Company, any associated company or any pension fund or employees' share scheme of the Company or associated company; and

  • First Currency has the meaning specified in Section 1.15.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Relevant change means a change that is or might be detrimental to the interests of an insured person in its scope, level, or amount of treatment, benefits payable or increase to the premiums payable.

  • Financial Year means a year commencing on and including the 1st day of July;

  • Relevant Financial Centre Day means a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in the principal financial centre or centres for the currency in which payment falls to be made (or, in the case of payments which fall to be made in euro, a Euro Business Day or, where such currency is a National Currency Unit (as defined in Condition 9) and the Notes have been redenominated into euro pursuant to Condition 9, the former principal financial centre or centres) and in any other place set out in the Final Terms;

  • Relevant Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 (TARGET2) is open for the settlement of payments in EUR.

  • Judgment Currency has the meaning specified in Section 10.19.

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • old financial year means the financial year of an issuer that immediately precedes a transition year;

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.