Examples of Equity Cure in a sentence

Upon receipt of any Equity Cure Contribution, the Borrower shall prepay the Loans in an aggregate amount equal to 100% of such Equity Cure Contribution.
All Equity Cure Contributions shall be disregarded for all purposes of this Agreement (including determining any baskets conditioned upon meeting a leverage ratio contained herein and in the other Credit Documents); provided, that, any such Equity Cure Contributions shall be included in Consolidated EBITDA for the purpose of determining compliance with the Financial Covenant for the applicable Cure Quarter and each fiscal quarter thereafter in a Test Period that includes the Cure Quarter.
There shall be no pro forma reduction in Indebtedness with the proceeds of the Equity Cure Contribution for purposes of determining compliance with the Financial Covenant for the purpose of determining any pricing, financial covenant based conditions or baskets with respect to the covenants contained in this Agreement, in each case, for the applicable Cure Quarter.

More Definitions of Equity Cure

Equity Cure shall have the meaning set forth in Section 10.23 hereof.

Equity Cure means the equity cure described in Clause 10.3 (Equity Cure).

Equity Cure has the meaning assigned to such term in Section 8.14(c)(i)(B).

Equity Cure means an Equity Contribution applied in accordance with Clause 19.4 (Equity Cure).

Equity Cure means Borrower’s receipt, within sixty (60) days of any failure to achieve the Performance to Plan Milestone, of net proceeds from the sale and issuance of Parent’s equity securities, to investors and on terms and conditions reasonably acceptable to Collateral Agent and the Lenders, of at least Ten Million Dollars ($10,000,000.00).

Equity Cure as defined in Section 7.4.

Equity Cure means an equity cure pursuant to Clause 12.1.2 (Equity Cure).