Increase Conditions definition

Increase Conditions has the meaning assigned to it in Section 5.02.

Increase Conditions means, with respect to any requested Principal Balance Increase on any Increase Date, all of the following:

Increase Conditions means the following conditions: (i) Consolidated Revenue for the most recently ended four fiscal quarter period for which financial statements under Section 5.04(a) or (b) have been delivered equaling or exceeding $50,000,000 and (ii) receipt by the Administrative Agent of a certificate of a Financial Officer of the Borrower setting forth in reasonable detail the calculations showing satisfaction of the foregoing condition.

Examples of Increase Conditions in a sentence

• The obligation of the Purchaser to make any Invested Amount Increase is subject to the satisfaction, as of the applicable Increase Date, of each of the applicable Increase Conditions and the other applicable conditions specified herein.

• Upon the Issuing Lender’s receipt of such written request and subject to the prior satisfaction (or waiver by the Issuing Lender) of the Increase Conditions, a Scheduled LOC Increase shall become effective as of the applicable Scheduled LOC Amendment Date.

• On the Scheduled LOC Amendment Date, the receipt by the Issuing Lender of an officer’s certificate of the Borrower, dated as of such date stating that the Increase Conditions (other than those that have been waived in writing by the Issuing Lender) have been fully satisfied as of such date.

• Provided no Default or Event of Default shall have occurred and shall be continuing, upon the satisfaction of the Acquisition Revolving Loan Commitment Increase Conditions, Borrower may request that the Lenders increase the Revolving Loan Commitment by $15,000,000 as set forth on the Commitment Annex in the table under the heading “After Effectiveness of Acquisition Revolving Loan Commitment Increase” (the “Acquisition Revolving Loan Commitment Increase”).

• Each such Principal Balance Increase shall, however, be subject to the satisfaction of the Increase Conditions and shall be permitted only (i) during the Revolving Period and (ii) upon the written request made by the Transferor to each Agent to increase the Note Principal Balance and the Invested Amount to an amount not to exceed the Maximum Principal Balance.

More Definitions of Increase Conditions

Increase Conditions means, with respect to any requested Invested Amount Increase hereunder, all of the following:

Increase Conditions means, with respect to any requested ------------------- Certificate Principal Balance Increase to be made on any Increase Date hereunder, all of the following:

Increase Conditions means, with respect to any requested Principal Balance Increase hereunder, all of the following:

Increase Conditions means that (i) the Borrower Representative has provided the Administrative Agent with evidence reasonably satisfactory to the Administrative Agent that the Canadian Loan Parties have become (or will, contemporaneously with the events described in clause (ii) below become) Guarantors (as defined in the Indenture) of the Indebtedness under the Senior Subordinated Notes by executing a Note Guarantee (as defined in the Indenture) and (ii) the Canadian Loan Parties have guaranteed all of the Obligations (including the Domestic Obligations and the Ex-Im Obligations), and this Agreement has been amended accordingly, all pursuant to agreements in form and substance reasonably satisfactory to the Administrative Agent. The Borrower Representative shall give the Administrative Agent at least 10 days prior written notice of its intent to effect the Increase Conditions.

Increase Conditions is defined in Section 1.01 of the Indenture Supplement.

Increase Conditions has the meaning specified in the Indenture Supplement.

Increase Conditions. The maximum principal amount of all Draws (the “Draw Credit Maximum Amount”) shall be increased by $3,000,000 upon the occurrence of each of the following conditions: (1) The initiation of treatment of at least one subject at each institution included in the CE study; (2) Upon the public announcement of a successful study (met the predefined success endpoints in the clinical protocol) suitable for filing for the CE Xxxx; (3) Upon the completion of at least one test subject at each of the targeted clinical testing venues for the FDA pivotal study; (4) Upon the public announcement of a successful study (meeting the predefined success endpoints in the clinical protocol) suitable for filing for FDA approval; and (5) Upon the receipt of U.S. regulatory clearance to sell the CGM device in US institutions. PURPOSE: To provide working capital to the Borrower for its general corporate purposes. MATURITY DATE OF TERM LOAN FACILITY: Five years from the date of closing.