{"component": "clause", "props": {"groups": [{"samples": [{"hash": "66ahnc2qKaM", "uri": "/contracts/66ahnc2qKaM#curative-equity", "label": "Loan, Security and Guaranty Agreement (Quest Resource Holding Corp)", "score": 36.3620796204, "published": true}, {"hash": "dU5bIF7zXGv", "uri": "/contracts/dU5bIF7zXGv#curative-equity", "label": "Loan, Security and Guaranty Agreement (Quest Resource Holding Corp)", "score": 35.9979476929, "published": true}, {"hash": "9ooXlykdqfy", "uri": "/contracts/9ooXlykdqfy#curative-equity", "label": "Loan, Security and Guaranty Agreement (Quest Resource Holding Corp)", "score": 35.2505149841, "published": true}], "snippet": "(a) Subject to the limitations set forth in Section 11.6(d), Borrowers may cure (and will be deemed to have cured) an Event of Default arising out of a breach of any of the financial covenants set forth in Section 9.2.12 (each such financial covenant, a \u201cSpecified Financial Covenant\u201d; each such Event of Default, a \u201cSpecified Financial Covenant Default\u201d) if Borrowers receive the cash proceeds of Curative Equity within ten (10) Business Days after the earliest date on which each applicable Specified Financial Covenant is required to be tested for the applicable Computation Period pursuant to this Agreement (the \u201cCure Period\u201d).\n(b) Borrowers shall provide Administrative Agent with irrevocable written notice during the Cure Period of their intent to cure the Specified Financial Covenant(s) with Curative Equity (the \u201cCure Notice\u201d) and shall promptly notify Administrative Agent of their receipt of any proceeds of Curative Equity and application of the proceeds of such Curative Equity in accordance with Section 4.3 so long as any payments on the Acquisition Term Debt result in a permanent reduction in Acquisition Term Debt.\n(c) Upon receipt by the Borrowers of the Curative Equity (and application of the proceeds of such Curative Equity in accordance with Section 4.3) and delivery of a certificate by Borrower Representative to Administrative Agent certifying as to the amount of the proceeds of any Curative Equity and that those proceeds have been applied in accordance with Section 11.6(b) in an amount equal to the amount which if applied to increase EBITDA for the Computation Period would result in the Borrowers being in pro forma compliance with the applicable Specified Financial Covenant(s) (which certificate shall also set forth the calculation of the applicable Specified Financial Covenant being cured in reasonable detail), then each applicable Specified Financial Covenant Default will be deemed cured with no further action required by the Administrative Agent. Before the date of the delivery of that certificate, any Specified Financial Covenant Default that has occurred and is continuing will be deemed to be continuing, and, as a result, the Lenders will have no obligation to make additional loans or otherwise extend additional credit under this Agreement. If Borrowers do not cure a Specified Financial Covenant Default as provided in this Section 11.6, then that Specified Financial Covenant Default will continue unless waived in writing by the Administrative Agent in accordance with this Agreement.\n(d) To the extent that proceeds of Curative Equity are received with respect to any Fiscal Quarter, those proceeds will be deemed to be EBITDA for purposes of determining compliance with the Specified Financial Covenant(s) for that Fiscal Quarter and subsequent periods that include that Fiscal Quarter. Notwithstanding any provision of this Agreement to the contrary, (i) Borrowers\u2019 rights under this Section 11.6 (A) may be exercised no more than four times during the term of this Agreement; (B) may be exercised no more than twice in any period of four Fiscal Quarters; (C) may not be exercised in two consecutive Fiscal Quarters and (D) may not be exercised if the amount of proceeds of the Curative Equity, together with the aggregate amount of proceeds of all prior Curative Equity, exceeds 20% of Consolidated EBITDA (calculated prior to giving effect to such Curative Equity) in any trailing twelve month period; (ii) the amount of proceeds of any Curative Equity may not be greater than or less than the amount required to cause Borrowers to be in compliance with each applicable Specified Financial Covenant(s) as at the end of the applicable Computation Period (without giving effect to any prepayment of Debt); and (iii) the proceeds of Curative Equity will be disregarded for purposes of determining EBITDA for any pricing, financial covenant-based conditions, or baskets with respect to the covenants contained in this Agreement and there will be no pro forma reduction in Debt with the proceeds of any Curative Equity for determining compliance with the Specified Financial Covenants or for determining any pricing, financial covenant-based conditions, or baskets with respect to the covenants contained in this Agreement, in each case in the Fiscal Quarter in which that Curative Equity is used and each Computation Period ending on the last day of the following three Fiscal Quarters.", "snippet_links": [{"key": "subject-to-the", "type": "clause", "offset": [4, 18]}, {"key": "an-event-of-default", "type": "definition", "offset": [115, 134]}, {"key": "arising-out-of", "type": "definition", "offset": [135, 149]}, {"key": "breach-of-any", "type": "clause", "offset": [152, 165]}, {"key": "the-financial", "type": "clause", "offset": [169, 182]}, {"key": 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"offset": [993, 1011]}, {"key": "section-43", "type": "clause", "offset": [1012, 1023]}, {"key": "acquisition-term-debt", "type": "clause", "offset": [1055, 1076]}, {"key": "reduction-in", "type": "definition", "offset": [1099, 1111]}, {"key": "the-borrowers", "type": "clause", "offset": [1155, 1168]}, {"key": "delivery-of-a", "type": "clause", "offset": [1285, 1298]}, {"key": "borrower-representative", "type": "definition", "offset": [1314, 1337]}, {"key": "equal-to", "type": "definition", "offset": [1519, 1527]}, {"key": "compliance-with-the", "type": "clause", "offset": [1651, 1670]}, {"key": "calculation-of-the", "type": "clause", "offset": [1758, 1776]}, {"key": "deemed-cured", "type": "definition", "offset": [1918, 1930]}, {"key": "required-by", "type": "definition", "offset": [1954, 1965]}, {"key": "the-administrative-agent", "type": "definition", "offset": [1966, 1990]}, {"key": "date-of", "type": "clause", "offset": [2003, 2010]}, {"key": "the-delivery", "type": "clause", "offset": [2011, 2023]}, {"key": "the-lenders", "type": "clause", "offset": [2173, 2184]}, {"key": "no-obligation-to", "type": "clause", "offset": [2195, 2211]}, {"key": "additional-loans", "type": "clause", "offset": [2217, 2233]}, {"key": "additional-credit", "type": "definition", "offset": [2254, 2271]}, {"key": "in-writing", "type": "definition", "offset": [2467, 2477]}, {"key": "to-the-extent", "type": "clause", "offset": [2545, 2558]}, {"key": "with-respect-to", "type": "clause", "offset": [2605, 2620]}, {"key": "for-purposes-of", "type": "clause", "offset": [2684, 2699]}, {"key": "subsequent-periods", "type": "definition", "offset": [2792, 2810]}, {"key": "agreement-to", "type": "clause", "offset": [2883, 2895]}, {"key": "rights-under-this-section", "type": "clause", "offset": [2925, 2950]}, {"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [3001, 3034]}, {"key": "fiscal-quarters", "type": "definition", "offset": [3098, 3113]}, {"key": "aggregate-amount", "type": "clause", "offset": [3272, 3288]}, {"key": "consolidated-ebitda", "type": "clause", "offset": [3346, 3365]}, {"key": "prior-to", "type": "definition", "offset": [3378, 3386]}, {"key": "trailing-twelve-month-period", "type": "definition", "offset": [3433, 3461]}, {"key": "amount-required", "type": "clause", "offset": [3555, 3570]}, {"key": "in-compliance-with", "type": "definition", "offset": [3596, 3614]}, {"key": "at-the-end-of-the", "type": "clause", "offset": [3666, 3683]}, {"key": "prepayment-of-debt", "type": "clause", "offset": [3744, 3762]}, {"key": "the-covenants", "type": "clause", "offset": [3943, 3956]}, {"key": "in-this-agreement", "type": "definition", "offset": [3967, 3984]}, {"key": "specified-financial-covenants", "type": "definition", "offset": [4111, 4140]}, {"key": "each-case", "type": "definition", "offset": [4283, 4292]}, {"key": "period-ending", "type": "definition", "offset": [4374, 4387]}, {"key": "day-of", "type": "clause", "offset": [4400, 4406]}], "size": 82, "hash": "8f24acc839286328564058ab84482246", "id": 1}, {"samples": [{"hash": "d77FR1mJAQ9", "uri": "/contracts/d77FR1mJAQ9#curative-equity", "label": "Credit and Guaranty Agreement (Newtek Business Services Corp.)", "score": 26.4784393311, "published": true}, {"hash": "jXaIKYjMYD3", "uri": "/contracts/jXaIKYjMYD3#curative-equity", "label": "Credit and Guaranty Agreement (Newtek Business Services Corp.)", "score": 25.4743328094, "published": true}], "snippet": "Within one (1) Business Day of the date of receipt by Parent of the proceeds of any Curative Equity pursuant to Section 8.2, Companies shall prepay the Term Loans and/or the Term Loan Commitments shall be permanently reduced as set forth in Section 2.14(b) in an amount equal to 100% of such proceeds of Curative Equity.", "snippet_links": [{"key": "day-of", "type": "clause", "offset": [24, 30]}, {"key": "the-date-of-receipt", "type": "clause", "offset": [31, 50]}, {"key": "by-parent", "type": "clause", "offset": [51, 60]}, {"key": "section-82", "type": "clause", "offset": [112, 123]}, {"key": "the-term-loans", "type": "clause", "offset": [148, 162]}, {"key": "the-term-loan-commitments", "type": "clause", "offset": [170, 195]}, {"key": "equal-to", "type": "definition", "offset": [270, 278]}], "size": 2, "hash": "5681a5e4dc20ec0371485c6aa7cfe5db", "id": 6}, {"samples": [{"hash": "9Z2aSgiqKky", "uri": "/contracts/9Z2aSgiqKky#curative-equity", "label": "Credit Agreement (Comtech Telecommunications Corp /De/)", "score": 37.4517453799, "published": true}, {"hash": "8uH0wu10ctO", "uri": "/contracts/8uH0wu10ctO#curative-equity", "label": "Credit Agreement (Comtech Telecommunications Corp /De/)", "score": 36.553730011, "published": true}, {"hash": "gVwy7FAErFM", "uri": "/contracts/gVwy7FAErFM#curative-equity", "label": "Credit Agreement (Comtech Telecommunications Corp /De/)", "score": 36.1704330444, "published": true}], "snippet": "Within one Business Day of the date of receipt by any Loan Party of the proceeds of any Curative Equity pursuant to Section 9.3, Borrowers shall prepay the outstanding principal of the Obligations in accordance with Section 2.4(f)(ii) in an amount equal to 100% of such proceeds.", "snippet_links": [{"key": "day-of", "type": "clause", "offset": [20, 26]}, {"key": "the-date-of-receipt", "type": "clause", "offset": [27, 46]}, {"key": "party-of-the", "type": "clause", "offset": [59, 71]}, {"key": "section-93", "type": "clause", "offset": [116, 127]}, {"key": "principal-of", "type": "definition", "offset": [168, 180]}, {"key": "the-obligations", "type": "clause", "offset": [181, 196]}, {"key": "in-accordance-with", "type": "definition", "offset": [197, 215]}, {"key": "equal-to", "type": "definition", "offset": [248, 256]}], "size": 30, "hash": "06ecb0cfd21555a3d3a5d2fd5243026f", "id": 2}, {"samples": [{"hash": "33utMBSpg51", "uri": "/contracts/33utMBSpg51#curative-equity", "label": "Credit Agreement (Connecture Inc)", "score": 25.9007530212, "published": true}, {"hash": "h9MVs8Z9mSl", "uri": "/contracts/h9MVs8Z9mSl#curative-equity", "label": "Credit Agreement (Connecture Inc)", "score": 25.7720737457, "published": true}, {"hash": "eTIfOEcU35r", "uri": "/contracts/eTIfOEcU35r#curative-equity", "label": "Credit Agreement (Connecture Inc)", "score": 25.6570835114, "published": true}], "snippet": "Promptly, and in no event later than three Business Days of the date of receipt by any Borrower of the proceeds of any Curative Equity pursuant to Section 9.3, Borrowers shall prepay the outstanding principal of the Obligations in accordance with Section 2.4(f)(ii) in an amount equal to 100% of such proceeds, net of any reasonable out-of-pocket expenses incurred in connection with the issuance of such Curative Equity.", "snippet_links": [{"key": "in-no-event", "type": "clause", "offset": [14, 25]}, {"key": "business-days-of", "type": "clause", "offset": [43, 59]}, {"key": "the-date-of-receipt", "type": "clause", "offset": [60, 79]}, {"key": "section-93", "type": "clause", "offset": [147, 158]}, {"key": "principal-of", "type": "definition", "offset": [199, 211]}, {"key": "the-obligations", "type": "clause", "offset": [212, 227]}, {"key": "in-accordance-with", "type": "definition", "offset": [228, 246]}, {"key": "equal-to", "type": "definition", "offset": [279, 287]}, {"key": "expenses-incurred", "type": "definition", "offset": [347, 364]}, {"key": "in-connection-with", "type": "clause", "offset": [365, 383]}, {"key": "the-issuance", "type": "clause", "offset": [384, 396]}], "size": 9, "hash": "fcaaff37ab00618392ea14e0cd56e25a", "id": 3}, {"samples": [{"hash": "jFrRglW7WSd", "uri": "/contracts/jFrRglW7WSd#curative-equity", "label": "Loan Agreement (Conns Inc)", "score": 31.6721420288, "published": true}, {"hash": "fcUn91u6cDL", "uri": "/contracts/fcUn91u6cDL#curative-equity", "label": "Loan Agreement (Conns Inc)", "score": 31.4366874695, "published": true}, {"hash": "5zc4zrswdLm", "uri": "/contracts/5zc4zrswdLm#curative-equity", "label": "Loan and Security Agreement (Conns Inc)", "score": 29.3915119171, "published": true}], "snippet": "10.4.1 Subject to the limitations set forth in Section 10.4.6, Borrowers may cure an Event of Default arising out of a breach of any of the financial covenants set forth in Sections 10.3.1, 10.3.2 and 10.3.3 (the \u201cSpecified Financial Covenants\u201d) (as the case may be) by way of an investment of Curative Equity prior to the date on which the Compliance Certificate is delivered to Agent pursuant to Section 10.1.2(d) in respect of the Fiscal Quarter with respect to which any such breach occurred; provided, that Borrowers\u2019 right to so cure an Event of Default shall be contingent on the timely delivery of such Compliance Certificate as required under Section 10.1.2(d).\n10.4.2 The Borrowers shall promptly notify Agent of their receipt of any proceeds of Curative Equity and shall apply the same to the payment of the Obligations in the manner specified in Section 5.3.\n10.4.3 Subject to the limitations set forth in Section 10.4.6, any investment of Curative Equity shall be in an amount that is sufficient to cause Parent and its Subsidiaries to be in compliance with all of the Specified Financial Covenants as at the last day of the most recently ended month or Fiscal Quarter (as the case may be), calculated for such purpose as if such amount were additional EBITDA and increase in Tangible Net Worth, and a decrease in total liabilities, as necessary, of Parent and its Subsidiaries as at such date and had been included in the financial calculations of Parent and its Subsidiaries on such date.\n10.4.4 In the Compliance Certificate delivered pursuant to Section 10.1.2(d) in respect of the month end or Fiscal Quarter end (as the case may be) on which Curative Equity is used to cure any breach of the Specified Financial Covenants, Borrowers shall (i) include evidence of its receipt of Curative Equity proceeds, and (ii) set forth a calculation of the financial results and balance sheet of Parent and its Subsidiaries as at such month end or Fiscal Quarter end (as the case may be) (including for such purposes the proceeds of such Curative Equity as either deemed EBITDA for such month end or Fiscal Quarter end (as the case may be) and the three following month end or Fiscal Quarter end (as the case may be), or increased Tangible Net Worth and decreased total liabilities for such month end or Fiscal Quarter end (as the case may be), as if received on such date), which shall confirm that on a pro forma basis taking into account the application of Curative Equity proceeds, Parent and its Subsidiaries would have been in compliance with the Specified Financial Covenants (as at such date).\n10.4.5 Upon delivery of a Compliance Certificate pursuant to Section 10.1.2(d) conforming to the requirements of this Section, any Event of Default that is continuing from a breach of any of the Specified Financial Covenants shall be deemed cured with no further action required by the Lenders. In the event Borrowers do not cure all financial covenant violations as provided in this Section 10.4, the existing Event of Default shall continue unless waived by the Required Lenders in writing.\n10.4.6 Notwithstanding the foregoing, (i) Borrowers\u2019 rights under this Section 10.4 may be exercised not more than two times during the term of this Agreement, and (ii) the amount of each investment of Curative Equity may not be less than $1,000,000 or greater than $20,000,000.", "snippet_links": [{"key": "subject-to-the", "type": "clause", "offset": [7, 21]}, {"key": "an-event-of-default", "type": "definition", "offset": [82, 101]}, {"key": "arising-out-of", "type": "definition", "offset": [102, 116]}, {"key": "breach-of-any", "type": "clause", "offset": [119, 132]}, {"key": "the-financial", "type": "clause", "offset": [136, 149]}, {"key": "specified-financial-covenants", "type": "definition", "offset": [214, 243]}, {"key": "the-case", "type": "definition", "offset": [250, 258]}, 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"notwithstanding-the-foregoing", "type": "clause", "offset": [3108, 3137]}, {"key": "rights-under-this-section", "type": "clause", "offset": [3154, 3179]}, {"key": "two-times", "type": "clause", "offset": [3216, 3225]}, {"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [3226, 3259]}], "size": 7, "hash": "67b01ad5d0732d44b3454c0f48a1c584", "id": 4}, {"samples": [{"hash": "6fU3uQkpYBt", "uri": "/contracts/6fU3uQkpYBt#curative-equity", "label": "Subordinated Credit Agreement (Comtech Telecommunications Corp /De/)", "score": 37.4517453799, "published": true}, {"hash": "5aL55u4Ho8l", "uri": "/contracts/5aL55u4Ho8l#curative-equity", "label": "Subordinated Credit Agreement (Comtech Telecommunications Corp /De/)", "score": 36.553730011, "published": true}, {"hash": "cQW1hCDEmO8", "uri": "/contracts/cQW1hCDEmO8#curative-equity", "label": "Subordinated Credit Agreement (Comtech Telecommunications Corp /De/)", "score": 36.1704330444, "published": true}], "snippet": "Subject to, and solely after, the occurrence of the Discharge of Senior Credit Agreement Obligations, within one Business Day of the date of receipt by any Loan Party of the proceeds of any Curative Equity pursuant to Section 9.3, Borrowers shall prepay the outstanding principal of the Obligations in accordance with Section 2.4(f)(ii) in an amount equal to 100% of such proceeds.", "snippet_links": [{"key": "subject-to", "type": "definition", "offset": [0, 10]}, {"key": "discharge-of-senior-credit-agreement-obligations", "type": "definition", "offset": [52, 100]}, {"key": "day-of", "type": "clause", "offset": [122, 128]}, {"key": "the-date-of-receipt", "type": "clause", "offset": [129, 148]}, {"key": "party-of-the", "type": "clause", "offset": [161, 173]}, {"key": "section-93", "type": "clause", "offset": [218, 229]}, {"key": "principal-of", "type": "definition", "offset": [270, 282]}, {"key": "the-obligations", "type": "clause", "offset": [283, 298]}, {"key": "in-accordance-with", "type": 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[9, 25]}, {"key": "the-date-of-receipt", "type": "clause", "offset": [26, 45]}, {"key": "by-parent", "type": "clause", "offset": [46, 55]}, {"key": "party-of-the", "type": "clause", "offset": [68, 80]}, {"key": "section-94", "type": "clause", "offset": [125, 136]}, {"key": "borrower-shall", "type": "clause", "offset": [138, 152]}, {"key": "principal-of", "type": "definition", "offset": [176, 188]}, {"key": "the-obligations", "type": "clause", "offset": [189, 204]}, {"key": "in-accordance-with", "type": "definition", "offset": [205, 223]}, {"key": "equal-to", "type": "definition", "offset": [252, 260]}], "size": 2, "hash": "aaeede5e2f50b5c16ac7962356ccf5ca", "id": 8}, {"samples": [{"hash": "rNUKYqzv0d", "uri": "/contracts/rNUKYqzv0d#curative-equity", "label": "Second Lien Credit Agreement (CardConnect Corp.)", "score": 26.590007782, "published": true}], "snippet": "Subject to Section 2.06(b)(v)(D), upon the sale or issuance by any Loan Party or any of its Subsidiaries of any Permitted 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