Interest Only Extension Conditions definition

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred; and (b) Borrower shall have drawn the Tranche II Term Loan Advance in its entirety.

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no Default or Event of Default shall have occurred; and (b) on or before September 30, 2020, Borrower achieves either Performance Milestone III or Performance Milestone IV.

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred; and (b) Borrower shall have achieved Performance Milestone IV on or before June 30, 2023, subject to verification by Agent (including supporting documentation reasonably requested by Agent).

Examples of Interest Only Extension Conditions in a sentence

• Section 1.1 of the Agreement is amended to amend or add the following defined terms in proper alphabetical order: “Amortization Date” means July 1, 2016; provided however, if the Interest Only Extension Conditions are satisfied, then January 1, 2017.

• Agent and each Lender hereby consent to and agree that the Interest Only Extension Conditions 1 shall be deemed satisfied as of the Amendment Effective Date, and the Amortization Date shall be deemed to be October 1, 2021 (pursuant to the definition of “Amortization Date”); [***].

• A lung function test to assess the capability of the lungs in gaseous exchange.

• For the avoidance of doubt, at all times prior to the Payment Date in May 2021 (or if the Interest Only Extension Conditions are satisfied, the Payment Date occurring in May 2022), Borrower shall only be required to pay Revenue-Based Payments to the extent of amounts owing under clauses (i), (ii), and (iii) above on each such Payment Date prior to the Payment Date in May 2021 (or if the Extension Conditions are satisfied, the Payment Date occurring in May 2022).

• Our study data were collected primarily through a survey questionnaire directed (face- to-face) at small investors.

More Definitions of Interest Only Extension Conditions

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred and be continuing; and (b) Clinical Milestone III.

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no Default or Event of Default shall have occurred and is continuing; and (b) the Tranche III Milestone Date has occurred.

Interest Only Extension Conditions are satisfaction of each of the following: (a) no Default or Event of Default shall have occurred and is continuing, (b) the Term B Loans shall have been drawn in full in accordance with the terms hereof prior to the termination of the Second Draw Period and (c) on or before December 31, 2020, Borrower shall have provided evidence to Collateral Agent satisfactory to Collateral Agent in its reasonable discretion that Borrower has achieved product revenues (as determined under GAAP) of greater than or equal to $[***] on a trailing six-month basis.

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred and be continuing; and (b) delivery by Borrower to Lender of evidence satisfactory to Lender of the placement of six (6) Borrower’s systems by December 31, 2014 and receipt of the purchase price thereof by Borrower within 6 months of delivery pursuant to invoicing in the ordinary course of business.

Interest Only Extension Conditions means the occurrence to Lender’s reasonable satisfaction of each of the following events: (a) no default under any of the Loan Documents or Event of Default shall have occurred and be continuing, and (b) ZPC’s or Borrower’s receipt during the Measurement Period of at least Fifty Million Dollars ($50,000,000) (i) from a Capital Stock Sale; or (ii) from a Strategic Partnership; or (iii) from a combination of (i) and (ii).

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred and is continuing; and (b) for the twelve month period ending March 31, 2017, Borrower shall have (i) achieved at least 90% of revenue under GAAP as set forth in the Agreed Targeted Operating Results and (ii) not exceeded 110% Net Loss as set forth in the Agreed Targeted Operating Results (i.e. Net Loss shall not be 10% worse than set forth in the Agreed Targeted Operating Results), in each case calculated consistent with the methodology in the Agreed Targeted Operating Results and in accordance to GAAP and subject to verification by Agent (including supporting documentation reasonably requested by Agent).

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred; and (b) Borrower shall have completed an equity financing in which the Borrower sells and issues shares of its capital stock resulting in aggregate gross proceeds to the Borrower raised on or after the Second Amendment Date of at least $5,000,000 on or before October 1, 2016.