Failure to Cure definition

Failure to Cure means a failure by the Corporation to maintain the AMPS Basic Maintenance Amount or the 1940 Act AMPS Asset Coverage Requirement, as the case may be, which failure is not cured by the relevant Cure Date.
Failure to Cure means a failure by the Corporation to maintain the AMPS Basic Maintenance Amount or 1940 Act AMPS Asset Coverage Requirement, as the case may be, which failure is not cured on or before the third day following the related Valuation Date as reflected in a Portfolio Valuation Report delivered to S&P and confirmed by the Corporation's Independent Accountants.
Failure to Cure means the failure by the Corporation to satisfy the Moody's Test, the S&P Test or the 1940 Act Asset Coverage requirement, as the case may be, which failure is not cured by the relevant Cure Date.

Examples of Failure to Cure in a sentence

  • Either party may take any other action deemed necessary to recover costs.The non-breaching party shall send a Notice of Failure to Cure Material Breach upon its decision to carry out any of these actions.

  • Thirty-eight species of seabirds have been reported in the Reserve and the Park (Zann 2000).

  • To strong and/or uneven tightening of the screws can damage the device!VESA - MountingThe terminal can over M5 – screw thread adaption VESA 75 standard on the back to a support arm, a wall bracket or be mounted a monitor stand.It is important to make sure that the buttons of the OSD are not trapped and that the terminal is operated in a vertical position.

  • If so rescinded, the Work may continue without an extension of Contract Time.17.3.5 Failure to Cure.

  • Licensee fails to maintain insurance as required by Article 19 (Insurance).17.1.7 Notice and Failure to Cure.

  • Each extension request shall be supported by a written statement of the company describing the basis and justification for the request.§llll.7 Failure to Cure Deficiencies on Resubmission of a Resolution Plan(a) In general.

  • In the event Debtor does not cure the default, Schertz Bank & Trust will file a “Notice of Failure to Cure and Notice that Stay Lifted”.

  • Notice of Sanctions Due to Non-Compliance The Notice of Sanctions Due to Non-Compliance issued as part of a Notice of Failure to Cure will state the violations identified but not corrected, and provide notice of the sanctions that the State agencies intend to impose on the Covered Provider.

  • Opportunity for Appeal Within thirty (30) calendar days of a Covered Provider’s receipt of a Notice of Failure to Cure and Notice of Sanctions Due to Non-Compliance, a Covered Provider may request an administrative appeal.

  • Delays 25-55§ 25-802 Notification of Violations 25-55(a) Compliance Order 25-55(b) Content of Notice 25-55(c) Failure to Cure in Timely Fashion.


More Definitions of Failure to Cure

Failure to Cure has the meaning ascribed thereto in Section 2.3(b).

Related to Failure to Cure

  • Unwarranted failure to comply means the failure of a permittee to prevent the occurrence of any violation of the permittee's permit or any requirement of this chapter due to indifference, lack of diligence, or lack of reasonable care, or the failure to abate any violation of such permit or this chapter due to indifference, lack of diligence, or lack of reasonable care.

  • Notice of Intent to Cure has the meaning specified in Section 6.02(b).

  • Credit Breach means the status of a Participant that does not currently meet the requirements of Tariff, Attachment Q or other provisions of the Agreements.

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:

  • Non-Monetary Default Cure Period shall have the meaning assigned to such term in Section 11(d).

  • Persistent Breach means a Default which has occurred on three or more separate occasions with a continuous period of six (6) months.

  • Cure means the distribution within a reasonable period of time following the Effective Date of Cash, or such other property as may be agreed upon by the parties or ordered by the Bankruptcy Court, with respect to the assumption or assumption and assignment of an executory contract or unexpired lease, pursuant to section 365(b) of the Bankruptcy Code, in an amount equal to all unpaid monetary obligations, without interest, or such other amount as may be agreed upon by the parties under such executory contract or unexpired lease, to the extent such obligations are enforceable under the Bankruptcy Code and applicable bankruptcy law.

  • Breach means the acquisition, Access, Use or Disclosure of Protected Health Information (PHI) which compromises the Security or privacy of the PHI, except as excluded in the definition of Breach in 45 CFR § 164.402.

  • Epidemic Failure means a series of repeating failures or defects resulting in at least a 0.5% failure rate for the same Product or Material during any twelve-month period.

  • Abnormal Condition means any condition on the Interconnection Facilities which, determined in accordance with Good Utility Practice, is: (i) outside normal operating parameters such that facilities are operating outside their normal ratings or that reasonable operating limits have been exceeded; and (ii) could reasonably be expected to materially and adversely affect the safe and reliable operation of the Interconnection Facilities; but which, in any case, could reasonably be expected to result in an Emergency Condition. Any condition or situation that results from lack of sufficient generating capacity to meet load requirements or that results solely from economic conditions shall not, standing alone, constitute an Abnormal Condition.

  • Special Condition means a condition of a Transporter's Licence or Shipper's Licence other than a Standard Condition;

  • Data Breach means a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, Personal Data transmitted, stored or otherwise processed.

  • Service Level Failure means a failure to perform the Software Support Services fully in compliance with the Support Service Level Requirements.

  • Breaching Party has the meaning set forth in Section 12.2.

  • Default Requirement means the amount specified as being applicable to the Reference Entity in the Standard, or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, U.S.$ 10,000,000 or its equivalent in the relevant Obligation Currency) in either case, as of the occurrence of the relevant Credit Event.

  • Customer Default shall have the meaning set forth in Section 11.1.

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Public Information Failure Payments shall have the meaning ascribed to such term in Section 4.3(b).

  • Intentional Breach means, with respect to any representation, warranty, agreement or covenant, an action or omission taken or omitted to be taken that the breaching party intentionally takes (or intentionally fails to take) and knows (or reasonably should have known) would, or would reasonably be expected to, cause a material breach of such representation, warranty, agreement or covenant.

  • Public Information Failure shall have the meaning ascribed to such term in Section 4.3(b).

  • Non-Breaching Party has the meaning set forth in Section 12.2.1.

  • Persistent Failure means any two (2) or more failures by the Supplier in any rolling period of twelve (12) months to comply with obligations in respect of the Contract Services under the Contract;

  • Financial Default means the total cessation or partial suspension of operations due to insolvency, with or without the filing of a bankruptcy petition by a tour operator, Cruise line, or airline.

  • Data Breaches Party shall report to AHS, though its Chief Information Officer (CIO), any impermissible use or disclosure that compromises the security, confidentiality or privacy of any form of protected personal information identified above within 24 hours of the discovery of the breach. Party shall in addition comply with any other data breach notification requirements required under federal or state law.

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Serious Breach means any breach defined as a Serious Breach in the Agreement or any breach or breaches which adversely, materially or substantially affect the performance or delivery of the Services or compliance with the terms and conditions of the Agreement or the provision of a safe, healthy and supportive learning environment or a breach of security that adversely affects the Personal Data or privacy of an individual. Failure to comply with Law, or actions or omissions by the Provider that endanger the Health or Safety of Learners, Provider Personnel, and all other persons including members of the public would constitute a Serious Breach;