First Extension Conditions definition

First Extension Conditions. As defined in the Credit Agreement.
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First Extension Conditions means each of the following conditions: (a) the Funding Date shall have occurred, (b) the Borrower shall have given written notice signed by a Financial Officer (the "First Extension Notice") to the Administrative Agent not later than 11:00 A.M. (New York City time) three Business Days before the date of the proposed First Extension Date, which notice shall include (i) the First Extension Amount, (ii) the proposed First Extension Date and (iii) a representation and warranty by the Borrower that on the First Extension Date, and after giving effect thereto, the statements in clause (d) below are accurate, (c) the Administrative Agent shall have received from the Borrower for the account of each Lender an extension fee equal to 2.00% of the First Extension Amount and (d) on the First Extension Date and after giving effect thereto, the following statements shall be true: (x) the representations and warranties contained in Section 4 are accurate in all material respects on and as of such date as if made on and as of such date, except to the extent such representation and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been accurate in all material respects as of such earlier date, (y) since December 31, 2008, a Material Adverse Change has not occurred and (z) no Default has occurred and is continuing or would result from the occurrence of the First Extension Date.
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First Extension Conditions has the meaning set forth in Section 1.14(a) of this Loan Agreement.
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More Definitions of First Extension Conditions

First Extension Conditions means that, on each day during the First Extension Period, the Initial Engine (or one or more Replacement Engines in respect thereof) shall constitute Eligible Equipment and form part of the Borrowing Base.
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Related to First Extension Conditions

  • Extension Conditions Defined in Section 3.06(a).

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • LC Conditions has the meaning given to such term in Section 2.9.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Second Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.

  • Equity Conditions means, during the period in question, (a) the Corporation shall have duly honored all conversions scheduled to occur or occurring by virtue of one or more Notices of Conversion of the applicable Holder on or prior to the dates so requested or required, if any, (b) the Corporation shall have paid all liquidated damages and other amounts owing to the applicable Holder in respect of the Preferred Stock, (c)(i) there is an effective registration statement pursuant to which either (A) the Corporation may issue Conversion Shares or (B) the Holders are permitted to utilize the prospectus thereunder to resell all of the shares of Common Stock issuable pursuant to the Transaction Documents (and the Corporation believes, in good faith, that such effectiveness will continue uninterrupted for the foreseeable future) or (ii) all of the Conversion Shares may be issued to the Holder pursuant to Section 3(a)(9) of the Securities Act and immediately resold without restriction, (d) the Common Stock is trading on a Trading Market and all of the shares issuable pursuant to the Transaction Documents are listed or quoted for trading on such Trading Market (and the Corporation believes, in good faith, that trading of the Common Stock on a Trading Market will continue uninterrupted for the foreseeable future), (e) there is a sufficient number of authorized, but unissued and otherwise unreserved, shares of Common Stock for the issuance of all of the shares then issuable pursuant to the Transaction Documents, (f) the issuance of the shares in question to the applicable Holder would not violate the limitations set forth in Section 6(d) herein and (g) the applicable Holder is not in possession of any information provided by the Corporation, any of its Subsidiaries, or any of their officers, directors, employees, agents or Affiliates, that constitutes, or may constitute, material non-public information.