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 Borrower 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(f) and (iv) on the date of extension of the Maturity Date, a Senior Financial Officer of the Borrower shall have delivered to the Administrative Agent an officer’s certificate certifying as to compliance with preceding clauses (i), (ii) and (iii).

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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.

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...

Examples of Extension Requirements in a sentence

Customer’s right to create and use Nanopore Extensions and Nanopore Chemistries is conditioned on Customer’s compliance with the Nanopore Extension Requirements.
Customer’s right to create, distribute and use Nanopore Extensions and Nanopore Chemistries is conditioned on Customer’s compliance with the Nanopore Extension Requirements.
Customer’s right to create, distribute and use Nanopore Extensions and Nanopore Chemistries under this Licence Agreement is conditioned on Customer’s compliance with the Nanopore Extension Requirements.
Construction and dedication to the County, at no expense to the County, of all future portions of the Bannockburn Retail Sewage Collection Facilities necessary to provide the Sanitary Sewer Service being sought, including any Service Extension Requirements required under Section 3.1.A of this Agreement.
So long as the Relevant Extension Requirements are satisfied on October 9, 2006, the Maturity Date as then in effect shall be extended on such date to October 9, 2007 without any further consent of the Lenders.
So long as the Relevant Extension Requirements are satisfied on April 11, 2010, the Term Loan Maturity Date as then in effect shall be extended on such date to February 10, 2011 without any further consent of the Lenders.
So long as the Extension Requirements are satisfied on May 2, 2007, the original Maturity Date shall be extended on such date to November 2, 2007 (the “First Extended Maturity Date”) without further consent of the Lenders.
So long as the Extension Requirements are satisfied on June 29, 2007, the original Maturity Date shall be extended on such date to June 29, 2008 without any further consent of the Lenders.
So long as the Relevant Extension Requirements are satisfied at the time of the delivery of the notice referred to below, the Corporation may, by a written notice delivered to the Administrative Agent prior to (but not less than 90 days nor more than 180 days prior to) October 9, 2006, request (pursuant to a single such request) that the Maturity Date then in effect be extended to the date which is one year after such then existing Maturity Date.
So long as the Extension Requirements are satisfied at the time of the delivery of the notice referred to below, the Borrowers may, by a written notice delivered to the Administrative Agent prior to (but not less than 90 days or more then 180 days prior to) the original Maturity Date, request (pursuant to a single such request) that the original Maturity Date be extended to the date which is one year after such original Maturity Date.

More Definitions of Extension Requirements

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).

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).