Common use of Curative Equity Clause in Contracts

Curative Equity. (a) Subject to the limitations set forth in clause (d) below, Borrowers may cure (and shall be deemed to have cured) an Event of Default arising out of a breach of the financial covenant set forth in Section 7 (the “Financial Covenant”) if they receive the cash proceeds of an investment of Curative Equity on or before the date that is ten 10 Business Days after the date on which the Financial Covenant is first required to be tested pursuant to the terms hereof.

Appears in 2 contracts

Samples: Credit Agreement (Tessco Technologies Inc), Credit Agreement (Tessco Technologies Inc)

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Curative Equity. (a) Subject to the limitations set forth in clause (de) below, Borrowers may cure (and shall be deemed to have cured) an Event of Default arising out of a breach of any of the financial covenant covenants set forth in clause (a) of Section 7 (the “Specified Financial Covenant”) if they receive the cash proceeds of an investment of Curative Equity on or before the date that is ten within 10 Business Days after the date on which the Specified Financial Covenant is first required to be tested pursuant to the terms hereof.

Appears in 2 contracts

Samples: Credit Agreement (Erickson Inc.), Credit Agreement (Erickson Air-Crane Inc.)

Curative Equity. (ag) Subject to the limitations set forth in clause (de) below, Borrowers may cure (and shall be deemed to have cured) an Event of Default arising out of a breach of any of the financial covenant covenants set forth in Section 7 (the “Specified Financial Covenant”) if they receive the cash proceeds of an investment of Curative Equity on or before the date that is ten within 10 Business Days after the date on which the Specified Financial Covenant is Covenants are first required to be tested pursuant to the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Inventure Foods, Inc.)

Curative Equity. (a) Subject to the limitations set forth in clause (de) below, Borrowers may cure (and shall be deemed to have cured) an Event of Default arising out of a breach of any of the financial covenant set forth in Section 7 (the “Specified Financial Covenant”) if they receive the cash proceeds of an investment of Curative Equity on or before the date that is ten within 10 Business Days after the date on which the Specified Financial Covenant is first required to be tested pursuant to the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Inventure Foods, Inc.)

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Curative Equity. (a) 10.6.1. Subject to the limitations set forth in clause (de) below, Borrowers Borrower may cure (and shall be deemed to have cured) an Event of Default arising out of a breach of any of the financial covenant covenants set forth in Section 7 Sections 9.3.1 and 9.3.2 (the “Specified Financial CovenantCovenants”) if they receive it receives the cash proceeds of an investment of Curative Equity on or before the date that is ten within 10 Business Days after the applicable date on which the Specified Financial Covenant is Covenants are first required to be tested pursuant to the terms hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Revolution Lighting Technologies, Inc.)

Curative Equity. (a) Subject to the limitations set forth in clause (de) below, Borrowers may cure (and shall be deemed to have cured) an Event of Default arising out of a breach of any of the financial covenant covenants set forth in clause (b) of Section 7 (the “Specified Financial Covenant”) if they receive it receives the cash proceeds of an investment of Curative Equity on or before the date that is ten 10 Business Days within thirty (30) days after the date on which the Specified Financial Covenant is first required to be tested pursuant to the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

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