Common use of Limitation on Exercise of Cure Right Clause in Contracts

Limitation on Exercise of Cure Right. Notwithstanding anything herein to the contrary, (a) in no event shall Allied Waste be entitled to exercise the Cure Right in more than three consecutive fiscal quarters, (b) in any eight fiscal quarter period, there must be a period of at least four consecutive fiscal quarters during which Allied Waste has not exercised its Cure Right and (c) each Cure Amount shall be as close as is commercially feasible to the amount required to cure the applicable failure to comply with Section 6.14.

Appears in 3 contracts

Samples: Credit Agreement (Allied Waste Industries Inc), Credit Agreement (Allied Waste Industries Inc), Credit Agreement (Allied Waste Industries Inc)

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Limitation on Exercise of Cure Right. Notwithstanding anything herein to the contrary, (a) in no event shall Allied Waste be entitled to exercise the Cure Right in more than three consecutive fiscal quarters, (b) in any eight fiscal quarter period, there must be a period of at least four consecutive fiscal quarters during which Allied Waste has not exercised its Cure Right and (c) each Cure Amount shall be as close as is commercially feasible to not exceed the amount required to cure the applicable failure to comply with Section 6.14.6.14A.

Appears in 1 contract

Samples: Execution Copy (Allied Waste Industries Inc)

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