Interest Only Extension Event means Collateral Agent’s and Lenders’ receipt of evidence, in form and substance satisfactory to Collateral Agent and Lenders, of Borrower receiving 510(k) clearance for its SurgiBot product.
Interest Only Extension Event means confirmation by Bank in writing that Borrower has achieved (calculated on a consolidated basis with respect to Borrower and its Subsidiaries) EBITDA in excess of Two Million Five Hundred Thousand Dollars ($2,500,000.00) for two (2) consecutive calendar quarters for the period commencing as of the Sixth Amendment Effective Date and ending on June 30, 2019.”
Interest Only Extension Event is Borrower’s achievement of consolidated product revenues, measured on a trailing twelve (12) month basis as of December 31, 2018, of at least Twenty Five Million Dollars ($25,000,000.00), as determined in accordance with GAAP by the Lenders based upon written evidence satisfactory to the Lenders.
Examples of Interest Only Extension Event in a sentence
Borrower shall repay the Term Loans beginning on the Amortization Date (i) if the Interest Only Extension Event has not occurred, in thirty-six (36) equal installments and (ii) if the Interest Only Extension Event has occurred, in thirty (30) equal installments of principal, plus interest (each a “Term Loan Payment”).
If you transfer funds in excess of €15,000 into Poland in connection with the sale of shares under the Plan, the funds must be transferred via a bank account.
More Definitions of Interest Only Extension Event
Interest Only Extension Event means (a) Borrower has requested, and Xxxxxx has made, the Second Tranche Term Loan or the Third Tranche Term Loan, and (b) Equity Milestone II has occurred.
Interest Only Extension Event means (i) Borrower has requested, and Lender has made, the Third Tranche Term Loan, in compliance with and subject to the terms hereof, and (ii) on September 30, 2023, Borrower is still in compliance with the Third Tranche Milestones.
Interest Only Extension Event means that Parent shall have, on or prior to March 31, 2023, announced the achievement of positive data for ASLAN LTD’s Phase 2b clinical study of ASLAN004 in atopic dermatitis which is supportive of continued clinical advancement with a commercially viable product profile, as determined by Administrative Agent in its reasonable discretion.
Interest Only Extension Event is receipt of evidence by, in form and substance reasonably satisfactory to, Collateral Agent and Lenders, Borrower’s achievement on a consolidated basis of trailing six (6) months’ revenue of at least [ * ] ($[ * ]) for the period ending November 30, 2015.
Interest Only Extension Event means (i) Borrower’s achievement of the Equity Event or (ii) the occurrence of the Term B Draw Event prior to October 31, 2015.
Interest Only Extension Event means Borrower has provided Agent and the Lenders with evidence, satisfactory to Agent and each Lender in Agent’s and each Lender’s sole and absolute discretion, on or prior to March 31, 2020, that ALX Ireland has received, after the Effective Date, but on or prior to March 31, 2020, unrestricted and unencumbered net cash proceeds in an amount of at least Forty Million Dollars ($40,000,000.00) from either (a) the issuance and sale by ALX Ireland of its equity securities to investors or (b) a partnership, joint-venture or strategic alliance. Agent and each Lender acknowledge and agree that the Interest Only Extension Event has occurred.”
Interest Only Extension Event means Collateral Agent’s and Lenders’ receipt of evidence in form and substance reasonably satisfactory to Collateral Agent and Lenders of Borrower’s receipt of unrestricted net cash proceeds of not less than Twenty One Million Dollars ($21,000,000.00) from the sale of Borrower’s equity securities on or after the Effective Date and by no later than June 30, 2015.