Extension Requirements definition

Extension Requirements means, with respect to the delivery of the notice pursuant to Section 1.17 or the extension of the original Maturity Date pursuant to Section 1.17, the satisfaction of each of the following conditions: (i) no Default or Event of Default shall have occurred and be continuing at such time, both before and immediately after giving effect to such delivery or such extension, as the case may be, (ii) all representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such request or extension (both before and after giving effect thereto), unless stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date, (iii) the Borrowers shall have paid to each Lender the Extension Fee owed to such Lender pursuant to, and on or before the time provided in, Section 3.01(g) and (iv) on the date of extension of the Maturity Date, a Senior Financial Officer of each of the Borrowers shall have delivered to the Administrative Agent an officer’s certificate certifying as to compliance with preceding clauses (i), (ii) and (iii).
Sample 1
Extension Requirements means the requirements that as of the Initial Maturity Date (i) Borrower shall have given Bank at least 30 days (but not more than 90 days) written notice of Borrower’s intention to extend the maturity of the Loan until the Extended Maturity Date; (ii) the Pro-Forma Debt Service Coverage Requirement shall have been met; (iii) Borrower shall have paid to Bank a fee in an amount equal to one-tenth of one percent (0.10%) of the outstanding principal balance of the Loan at the applicable time; (iv) Bank shall have received and approved the most recent financial statements of Borrower and Mid-America Surgery Institute, LLC; and (v) there shall not be existing any Default (including a Default on account of the failure to have met and maintained the Debt Service Requirement, and for these purposes, the thirty (30) day grace period afforded under Section 8.1(D) shall not be applicable; provided however that Borrower may prepay a portion of the Loan on or before the Initial Maturity Date in order to cause the Debt Service Coverage Requirement to be met).
Sample 1
Extension Requirements means the requirements that as of the Initial Maturity Date (i) Borrower shall have given Bank at least 30 days (but not more than 90 days) written notice of Borrower’s intention to extend the maturity of the Construction Loan until the Extended Maturity Date; (ii) the Extension Fee shall have been paid; (iii) Substantial Completion of the Project shall have occurred; (iv) Debt Yield shall be not less than 9.75%, based on Borrower’s trailing three-month annualized operating statement (after appropriate adjustment for extraordinary and non-recurring items), and (v) there shall not be existing any Payment Default/Note or any Event of Default.
Sample 1

Examples of Extension Requirements in a sentence

  • The Documentation of Length of Assignment Extension Requirements found in Annex D of this Manual is an acceptable method of documentation.

  • Electric Utility Extension Requirements: Extension of distribution facilities to a place of delivery to the customer will be made subject to Rule GR-22, Utility Extensions, and other rules as applicable.

  • Legal and Practical Basis for Differing Extension Requirements CMN respectfully contends that the modifications highlighted in the Proposed Franchise are lawful.

  • Customer’s right to create and use Nanopore Extensions and Nanopore Chemistries is conditioned on Customer’s compliance with the Nanopore Extension Requirements.

  • HQRP Submission Exception and Extension Requirements for the FY 2017 Payment Determination and Subsequent YearsIn the FY 2015 Hospice Wage Index and Payment Rate Update final rule (79 FR 50488), we finalized our proposal to allow hospices to request and for CMS to grant exemptions/extensions with respect to the reporting of required quality data when there are extraordinary circumstances beyond the control of the provider.

  • We propose to codify the HQRP Submission Exception and Extension Requirements at§ 418.312.

  • We proposed to codify the HQRP Submission Exemption and Extension Requirements at§ 418.312.Summaries of public comments and our responses to comments on our proposal to codify the HQRP submission exemption and extension requirements are provided below:Comment: CMS received severalcomments related to our previously finalized policy for extensions and exemptions.

  • HQRP Submission Exemption and Extension Requirements for the FY 2017 Payment Determination and Subsequent YearsIn the FY 2015 Hospice Wage Index and Payment Rate Update final rule (79, FR 50488), we finalized our proposal to allow hospices to request and for CMS to grant exemptions/extensions with respect to the reporting of required quality data when there are extraordinary circumstances beyond the control of the provider.

  • Examples include the rebuilding of affected areas in Louisiana (e.g., New Orleans) after Hurri- cane Katrina and also in the aftermath of Typhoon Haiyan in the Philippines.

  • Subject to Section 2.2(g), as soon as practicable after the receipt of the Project Co Extension Proposal, the City and Project Co shall, in good faith and acting reasonably, negotiate the terms of the binding agreement for the performance of the Extension Work and/or Extension Maintenance Services, as applicable, as well as any necessary amendments to the Project Agreement and any relevant project documents, based on the contents of City Extension Requirements and the Project Co Extension Proposal.


More Definitions of Extension Requirements

Extension Requirements means, with respect to the delivery by Borrower of any notice pursuant to clause (a) or (b) of Section 2.15, the satisfaction of each of the following conditions: (a) no Default or Event of Default shall have occurred and be continuing, both before and immediately after giving effect to such delivery or the extension described therein, as the case may be; (b) all representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects (subject to any additional items provided on updated exhibits and schedules hereto provided by Borrower which do not violate the provisions of the Credit Documents and which would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect) with the same effect as though such representations and warranties had been made on and as of the date of such request or extension (both before and after giving effect thereto), unless stated to relate to a specific earlier date (other than the Effective Date), in which case such representations and warranties shall be true and correct in all material respects as of such earlier date; (c) neither Guarantor nor any of its Subsidiaries shall (i) (x) be in default in any payment of any Debt (other than the Obligations) beyond the period of grace, if any, provided in an instrument or agreement under which such Debt was created or (y) be in default in the observance or performance of any agreement or condition relating to any Debt (other than the Obligations) or contained in any instrument or agreement evidencing, securing or relating thereto, and no other event shall have occurred or condition shall exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice is required), any such Debt to become due prior to its stated maturity, and (ii) no Debt (other than the Obligations) of Guarantor or any of its Subsidiaries shall have been declared to be (or shall have become) due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof, provided that this clause (c) shall not be applicable unless the aggregate principal amount of all Debt as described in preceding subclauses (i) and (ii) is at least $100,000,000; (d) no change, circumstance, event or effe...
Sample 1
Extension Requirements means, with respect to the delivery of the notice pursuant to Section 1.13 or the extension of the Maturity Date pursuant to Section 1.13, the satisfaction of each of the following conditions: (i) no Default or Event of Default shall have occurred and be continuing at such time, both before and immediately after giving effect to such delivery or such extension, as the case may be, (ii) all representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such request or extension (both before and after giving effect thereto), unless stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date, (iii) the Borrowers shall have paid to each Lender the First Extension Fee or Second Extension Fee, as the case may be, owed to such Lender pursuant to, and on or before the time provided in, Section 2.01(a) or (b), as applicable, (iv) in the case of a request by the Borrowers to extend the original Maturity Date, the aggregate principal amount of the Loans outstanding on the original Maturity Date shall be at least 20% less than the aggregate principal amount of the Loans made on the Effective Date, (v) in the case of a request by the Borrowers to extend the First Extended Maturity Date, the aggregate principal amount of the Loans outstanding on the First Extended Maturity Date shall be at least 45% less than the aggregate principal amount of the Loans outstanding on the Effective Date and (vii) on the date of extension of the Maturity Date, a Senior Financial Officer of the Borrowers shall have delivered to the Administrative Agent an officer’s certificate certifying as to compliance with preceding clauses (i), (ii) and (iii).
Sample 1
Extension Requirements means that from the Effective Date and until the Extended Term Commencement Date, (i) Tenant shall not have been in default beyond any applicable notice and cure periods and shall not then be in default beyond any applicable notice and cure periods under the Existing Lease, and (ii) Tenant shall not have assigned the Existing Lease and shall be in possession of the Premises. From and after the Extended Term Commencement Date, references in the Existing Lease to the “Term” shall mean and refer to the Term of the Existing Lease as extended by the Extended Term. ​
Sample 1

Related to Extension Requirements

  • Certification Requirements means those requirements specified or referenced in this Agreement that you must meet in order to use and maintain the Certification Designation and use the Logo in accordance with the terms of this Agreement.

  • Extension Request has the meaning provided in Section 2.20(a).

  • Perfection Requirements means the making or procuring of appropriate registrations, filings, endorsements, notarisations, stampings and/or notifications of the Security Documents and/or the security expressed to be created under the Security Documents determined by the legal advisers to the Lender to be necessary in any Pertinent Jurisdiction for the enforceability or production in evidence of the relevant Security Document to the extent such matters are complied with within any timeframe specified by law or the relevant Security Document;

  • Design requirements means the written description of the infrastructure facility to be procured pursuant to this article, including:

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Qualification Requirements means the qualification requirements as set forth in Section-2, Clause 2.1of RfQ;

  • Margin Requirement means the amount of money and/ or assets that the Client is required to deposit and/ or hold with the Firm as consideration for entering into a Transaction and/ or maintaining an Open Position on its Account;

  • Data Protection Requirements means all applicable (i) Data Protection Laws; (ii) Seller Privacy Policies; (iii) terms of any Contracts relating to the collection, use, storage, disclosure, or cross-border transfer of Personal Data; and (iv) the Payment Card Industry Data Security Standards.

  • Revolver Extension Request has the meaning set forth in Section 2.16(b).

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Maturity Date Extension Request means a request by the Borrower, in the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Maturity Date pursuant to Section 2.20.

  • Credit Requirements means a long-term credit rating (corporate or long-term senior unsecured debt) of (1) “Baa3” or greater by Xxxxx’x, or (2) “BBB-” or greater by S&P, or such other indicia of creditworthiness acceptable to PacifiCorp in its reasonable judgment.

  • Required Facility Lenders means, with respect to any Facility on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Facility and (ii) the aggregate unused Commitments under such Facility; provided that, to the same extent set forth in Section 10.07(h) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Pro Rata Extension Offers shall have the meaning assigned to such term in Section 2.21(e).

  • Reporting Requirements As defined in Section 11.12.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).