Cure Debt definition

Cure Debt means Indebtedness issued by the Guarantor to the holders of membership interests in the Guarantor or any of their Affiliates (a) that is subordinated to the Guaranteed Obligations and in accordance with the terms set forth on this Exhibit A, and (b) that has no principal amortization, mandatory redemption, interest payment payable in cash or other cash payment requirements prior to the date that is six (6) months after the scheduled maturity date of the Guaranteed Obligations.
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Examples of Cure Debt in a sentence

  • In any case, Borrower will provide all information provided to holders of Permitted Cure Debt, provided that any such material may be redacted by Borrower to exclude information relating to the Lenders (including Borrower’s strategy regarding the Loans).

  • Such Obligor will not, and will not permit any of its Subsidiaries to, directly or indirectly, enter into, incur or permit to exist any Restrictive Agreement other than (a) restrictions and conditions imposed by law or by the Loan Documents, (b) Restrictive Agreements listed on Schedule 7.15 to the Disclosure Letter, (c) restrictions or conditions imposed by an agreement relating to Permitted Priority Debt or Permitted Cure Debt and (d) prior to the first Borrowing Date, the Oxford Agreement.

  • Any Qualified Subordinated Debt or any Qualified Subordinated Cure Debt shall cease (or any Loan Party or an Affiliate of any Loan Party shall so assert), for any reason, to be validly subordinated to the Obligations as provided in the applicable Qualified Subordinated Debt Subordination Agreement.

  • Notwithstanding anything to the contrary contained in this Agreement or any of the other Loan Documents, the payment of a Debt Yield Cure Payment in accordance with the terms and conditions of this Agreement which shall cause the Debt Yield to equal or exceed the Required Trigger Cure Debt Yield shall constitute an immediate Debt Yield Cure.