Equity Cure Notice definition

Equity Cure Notice has the meaning assigned to such term in Section 2.06(c).
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Equity Cure Notice means a notice from the Borrower to the Facility Agent which satisfies each of the following conditions:
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Equity Cure Notice has the meaning assigned to such term in Section 9.01(d)(i).
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Examples of Equity Cure Notice in a sentence

  • The Equity Cure Notice shall specify the Borrower’s failure to comply with each of the relevant financial covenants for which the equity cure shall apply and shall set forth the calculation of the Equity Cure Amount (as defined below) and be certified by a Financial Officer of the Borrower.

  • The amount necessary to cure such Borrowing Base Deficiency is contributed from the Equityholder to the Borrower in immediately available funds, and such amount shall be applied by the Borrower to eliminate such Borrowing Base Deficiency, in each case, within thirteen (13) Business Days of the date such Equity Cure Notice is delivered to the Administrative Agent.

  • As of the Second Amendment Effective Date, the Borrower has completed the Subject Equity Cure by receiving an Equity Cure Contribution in an amount equal to the Equity Cure Amount referenced in the Subject Equity Cure Notice.

  • The amount necessary to cure such Borrowing Base Deficiency is contributed to the Borrower in immediately available funds, and such amount shall be applied by the Borrower to eliminate such Borrowing Base Deficiency, in each case, within ten (10) Business Days of the date such Equity Cure Notice is delivered to the Administrative Agent.


More Definitions of Equity Cure Notice

Equity Cure Notice. A notice from the Borrower to the Administrative Agent which satisfies each of the following conditions:
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Equity Cure Notice has the meaning set forth in Section 7.3(a).
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Equity Cure Notice has the meaning assigned to such term in Section 9.01(e)(i). “Equity Cure Right” has the meaning assigned to such term in Section 9.01(e).
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Equity Cure Notice has the meaning specified in the Fee Letter.
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Equity Cure Notice has the meaning assigned to such term in Section 2.06(c). USActive 55323723.458318056.5 11 securing Second Lien Loans) is expressly subject to and contractually or structurally subordinate to the priority Liens securing such First Lien Loan, (d) that the Servicer determines in accordance with the Servicing Standard that the value (or the enterprise value) of the Related Collateral securing the Loan Asset on or about the time of origination equals or exceeds the Outstanding Balance of the Loan Asset plus the aggregate outstanding balances of all other Indebtedness of equal seniority secured by the same Related Collateral, (e) for which the Senior Leverage Ratio as of the Cut-Off Date is less than 4.50:1.00 and (f) that is not a Second Lien Loan, Unitranche Loan or FLLO Loan.
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Equity Cure Notice means a notice from the Collateral Manager to the Administrative Agent which satisfies each of the following conditions: USActive 55502425.1255502425.13
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Related to Equity Cure Notice

  • Cure Notice means a notice of a proposed amount to be paid on account of a Cure Claim in connection with an Executory Contract or Unexpired Lease to be assumed under the Plan pursuant to section 365 of the Bankruptcy Code, which notice shall include: (a) procedures for objecting to proposed assumptions of Executory Contracts and Unexpired Leases; (b) Cure Claims to be paid in connection therewith; and (c) procedures for resolution by the Bankruptcy Court of any related disputes.

  • Subsequent Financing Notice shall have the meaning ascribed to such term in Section 4.12(b).

  • Capital Call Notice As defined in Section 3.2(a).

  • Reinvestment Notice a written notice executed by a Responsible Officer stating that no Event of Default has occurred and is continuing and that the Borrower (directly or indirectly through a Subsidiary) intends and expects to use all or a specified portion of the Net Cash Proceeds of an Asset Sale or Recovery Event to acquire or repair assets useful in its business.

  • Cure Amount has the meaning assigned to such term in Section 7.02(a).

  • Acquisition Notice has the meaning ascribed to such term in Section 2.1(a).

  • Transaction Notice means a written request of Seller to enter into a Transaction in a form attached as Exhibit C hereto or such other form as shall be mutually agreed upon between Seller and Purchaser, which is delivered to the Purchaser in accordance with Section 3(c) herein.

  • Capital Call means a call upon all or any of the Investors for payment of all or any portion of their Unfunded Commitments.

  • Repayment Notice Each notice required to be delivered by the Borrower pursuant to Section 2.3 in respect of any reduction in the Facility Amount or repayment of Advances Outstanding, in the form of Exhibit A-2.

  • Early Redemption Notice means an irrevocable notice from the Issuer to Noteholders in accordance with Condition 23 (Notices) (or, in the case of Condition 8(f) (Redemption Following the Occurrence of an Event of Default), from the Trustee to the Issuer) that specifies that the Notes are to be redeemed pursuant to one of Conditions 8(c) (Redemption Following a Collateral Event) to 8(f) (Redemption Following the Occurrence of an Event of Default). An Early Redemption Notice given pursuant to Condition 8 (Redemption and Purchase) must contain a description in reasonable detail of the facts relevant to the determination that the Notes are to be redeemed and, in the case of an Early Redemption Notice given by the Issuer, must specify the anticipated Early Redemption Date and which of Conditions 8(c) (Redemption Following aCollateral Event) to 8(f) (Redemption Following the Occurrence of an Event of Default), as the case may be, are applicable. A copy of any Early Redemption Notice shall also be sent by the Issuer, or the Trustee, as the case may be, to all Transaction Parties, save that any failure to deliver a copy shall not invalidate the relevant Early Redemption Notice.

  • Step-Out Notice has the meaning given to it in Section 8.1.

  • Company Cure Period has the meaning specified in Section 10.01(b).

  • Rollover Notice shall have the meaning ascribed thereto in Section 5.2.

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Notice of Purchase Withdrawal Has the meaning specified in the Deposit Agreement.

  • Subsequent Financing shall have the meaning ascribed to such term in Section 4.12(a).

  • Settlement Notice has the meaning specified in Section 14.02(a)(iii).

  • Buy-Sell Notice shall have the meaning set forth in Section 12.1(a).

  • Opt-Out Notice has the meaning specified therefor in Section 2.02(a) of this Agreement.

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.

  • Draw Down Notice shall have the meaning assigned to such term in Section 5.1(f) hereof.

  • Payment Notice has the meaning assigned to it in Section 8.06(c).

  • Prepayment Notice means a notice by the Borrower to prepay Loans, which shall be in such form as the Appropriate Party may approve.

  • Valuation Notice means the notice given by the Partnership pursuant to Section 8.5(b) or Section 8.6(a) and stating the Initial Value at which a Purchase Right is to be exercised or at which a Repurchase Obligation is to be effected.

  • Put Notice has the meaning provided in Section 3.4.