Common use of Cure Contribution Clause in Contracts

Cure Contribution. Capital contributions or other equity infusions to the Parent made on or before the 30th day after the date the Parent has failed to comply with the covenant set forth in §8.1, which cures such default.

Appears in 3 contracts

Sources: Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD)

Cure Contribution. Capital contributions or other equity infusions to the Parent made on or before the 30th day after the date the Parent has Borrowers have failed to comply with the covenant set forth in §8.1, which cures such default. Custodial Lien and Set-off Rights. See §5.13.

Appears in 2 contracts

Sources: Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD)