Common use of Expected Cure Amount Clause in Contracts

Expected Cure Amount. Notwithstanding anything herein to the contrary, to the extent that the Expected Cure Amount is less than the Necessary Cure Amount, then not later than the applicable Cure Deadline, the Borrower must receive cash proceeds from issuance of Equity Interests (other than Disqualified Stock) or a cash capital contribution, which cash proceeds received by Borrower shall be equal to the shortfall between such Expected Cure Amount and such Necessary Cure Amount.

Appears in 6 contracts

Samples: Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp)

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Expected Cure Amount. Notwithstanding anything herein to the contrary, to the extent that the Expected Cure Amount is less than the Necessary Cure Amount, then not later than the applicable Cure Deadline, the Borrower must receive cash proceeds from issuance of Equity Interests (other than Disqualified StockEquity Interests) or a cash capital contribution, which cash proceeds received by Borrower shall be equal to the shortfall between such Expected Cure Amount and such Necessary Cure Amount.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Vine Energy Inc.)

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Expected Cure Amount. Notwithstanding anything herein to the contrary, to the extent that the Expected Cure Amount previously determined by the Borrower is less than the Necessary Cure Amount, then not later than the applicable Cure Deadline, the Borrower must receive additional cash proceeds from the issuance of Qualified Equity Interests (other than Disqualified Stock) or a from any other contribution of cash to the capital contributionof the Borrower or issuance or sale of any other Equity Interests on terms reasonably acceptable to the Majority Lenders), which cash proceeds received by Borrower shall be equal to the shortfall between such Expected Cure Amount and such Necessary Cure Amount.

Appears in 1 contract

Samples: Credit Agreement (California Resources Corp)

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