Deferral of Maturity Date Sample Clauses

Deferral of Maturity Date. Borrower acknowledges and agrees that it has not satisfied the Extension Conditions (under and as defined in each of the Mortgage Loan Agreement and the Mezzanine Loan Agreement). Notwithstanding anything to the contrary in
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Deferral of Maturity Date. In the event of a failure of Effective Registration, including without limitation by reason of any of the circumstances described in the foregoing clauses (i) through (iv) above, then the Maturity Date (as defined in the Articles of Amendment) shall be deferred by 1.5 days for each day that any of the circumstances in clauses (i), (ii), (iii) (without regard to the applicability of the Suspension Grace Period), or (iv) exist
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Deferral of Maturity Date. Vicis, on behalf of itself and its transferees of Series A Preferred Stock and Series B Preferred Stock, agrees that it (i) hereby defers the Maturity Date of the Series A Preferred Stock and Series B Preferred Stock (as such Maturity Dates are set forth in Article 9 of each of the Certificates of Designation, Preferences, and Rights of the Series A Preferred Stock and Series B Preferred Stock) to the Maturity Date of the Note, and (ii) shall not at any time prior to the Maturity Date of the Note exercise any option available to the holders of (a) Series B Preferred Stock pursuant to Article 9 of the Certificate of Designation, Preferences, and Rights of Series B Convertible Preferred Stock of the Company or (b) Series A Preferred Stock pursuant to Article 9 of the Certificate of Designation, Preferences, and Rights of Series A Convertible Preferred Stock of the Company.
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Deferral of Maturity Date. Notwithstanding the foregoing, you may defer receipt of all or a portion of the Stock you are to receive in settlement for your Restricted Stock Units that vest in accordance with Section 2(a) above, together with any Dividend Equivalents and interest in accordance with Section 5 on such Restricted Stock Units as follows:
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Deferral of Maturity Date. The Company has the right to extend the Stated Maturity of the Series A Notes for an additional ten years, to September 30, 2035 upon providing notice to the Trustee and the Holders at least 30 calendar days prior to September 30, 2025; provided that (i) the Company shall not then be bankrupt or insolvent or otherwise in default with respect to the Series A Notes, (ii) the Company shall have timely paid all amounts due on the Series A Notes for the preceding six quarters, (iii) if the Securities Trust is the Holder of the Series A Notes, the Securities Trust has paid all distributions theretofore required to be paid on the Trust Securities; (iv) the Series A Notes are then rated (or if the Securities Trust is the beneficial owner of the Series A Notes, the Trust Preferred Securities are then rated) in one of the four highest rating categories by a nationally recognized statistical rating organization (as used in Rule 15c3-1(c)(2)(vi)(F) under the Securities Exchange Act of 1934, as amended); and (v) the Company shall have given the Trustee an Officers' Certificate and an Opinion of Counsel to the effect that all conditions precedent to such extension provided for herein have been complied with.
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Deferral of Maturity Date. In the event of a failure of Effective Registration or in the event of any of the circumstances described in the foregoing clauses (i) through (iv) above, then the Maturity Date shall be deferred by 1.5 days for each day that any of the circumstances in clauses (i), (ii), (iii) (without regard to the applicability of the Suspension Grace Period), or (iv) exist.
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Related to Deferral of Maturity Date

  • Extension of Maturity Date (a) On any anniversary of the Closing Date prior to the Maturity Date, the Borrowers may request to extend the then-applicable Maturity Date (the “Existing Maturity Date”) for an additional one-year period (an “Extension Period”) to the date that is one year after the Existing Maturity Date (the “Requested Maturity Date”); provided that the Borrowers may extend the Maturity Date for a maximum two (2) such Extension Periods. The Borrowers may make such request in a notice given as herein provided and substantially in the form attached hereto as Exhibit 2.8(a) (the “Extension of Maturity Date Request”) to the Administrative Agent not less than 30 days and not more than 90 days prior to any anniversary of the Closing Date, so long as (i) each of the representations and warranties contained in Section 7 and in the other Credit Documents shall be true and correct in all material respects on and as of the date of such notice and as of the commencement date of the relevant Extension Period as if made on and as of each date (or, if any such representation and warranty is expressly stated to have been made as of a specific date, as of such specific date) and (ii) no Default or Event of Default shall have occurred and be continuing on the date of such notice and as of the commencement date of the relevant Extension Period. Each Lender, acting in its sole discretion, shall, not later than a date 30 days after its receipt of any such notice from the Administrative Agent, notify the Borrowers and the Administrative Agent in writing of its election to extend or not to extend the Existing Maturity Date with respect to its Commitment. Any Lender which shall not timely notify the Borrowers and the Administrative Agent of its election to extend the Existing Maturity Date shall be deemed not to have elected to extend the Existing Maturity Date with respect to its Commitment (any Lender who timely notifies the Borrowers and the Administrative Agent of an election not to extend or fails to timely notify the Borrowers and the Administrative Agent of its election being referred to as a “Terminating Lender” and all such Lenders, collectively, the “Terminating Lenders”). The election of any Lender to agree to a requested extension shall not obligate any other Lender to agree to such requested extension.

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