Interest Only Extension Event II definition

Interest Only Extension Event II 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 prior to June 30, 2016.
Sample 1Sample 2Sample 3
Interest Only Extension Event II means Borrower’s initial, underwritten public offering and sale of its common stock on the NASDAQ Capital Market or the New York Stock Exchange, prior to the Amortization Date, pursuant to an effective registration statement under the Securities Act of 1933, as amended.
Sample 1Sample 2
Interest Only Extension Event II means Collateral Agent’s and Lenders’ receipt on or before March 31, 2016 of any of (X) (i) results of Borrower’s TRV027 phase 2b study that are sufficient to enable the advancement of TRV027 into phase 3 studies, accompanied by the data and rationale demonstrating the support to advance into phase 3 studies, as evidenced by the Borrower’s delivery to the Collateral Agent and Lenders of a certificate signed by each of Borrower’s Chief Executive Officer and Chief Scientific Officer and stating that the Borrower believes, based on its experience in the clinical development of pharmaceutical products, that (1) the results provide sufficient clinical rationale for the compound to proceed into phase 3 development and (2) such progression into phase 3 would not be prohibited by any Federal Food, Drug, and Cosmetic Act rule, regulation, or dispute, (ii) a copy of a press release issued by the Borrower stating that the results of Borrower’s TRV027 phase 2b study are sufficient to enable the advancement of TRV027 into phase 3 studies, and (iii) a copy of a resolution passed by Borrower’s board of directors, together with a certificate of Borrower’s secretary certifying that such resolution has been passed by the board of directors of Borrower and remains in full force and effect, authorizing the Borrower to, and indicating that the Borrower intends to, advance into phase 3 studies and seek financing to support a phase 3 study, (Y) evidence of the TRV027 phase 2b study meeting its primary endpoint in form and substance satisfactory to Collateral Agent and Lenders, or (Z) evidence of the TRV027 phase 2b study meeting at least one of the Renegotiation Trigger Criteria set forth on Schedule 1.77 of the License Option Agreement in form and substance satisfactory to Collateral Agent and Lenders.
Sample 1

More Definitions of Interest Only Extension Event II

Interest Only Extension Event II means Bank’s receipt of evidence, in form and substance reasonably satisfactory to Bank, of Biostatistician’s recommendation that the Phase 3 Pyridorin Trial should continue based on positive interim review/results, by no later than March 31, 2016.
Sample 1

Related to Interest Only Extension Event II

  • Grace Period Extension Date means, if:

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

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

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

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

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

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

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

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Maturity Date Extension Request means a request by the Borrower, in the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Maturity Date pursuant to Section 2.20.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).

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

  • Applied Non-Extension Advance has the meaning assigned to such term in Section 2.06(a).

  • Resolution Extension Period As defined in Section 2.03(b).

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(f).

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

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

  • Extension Term means the time period defined in §2.C.

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Impacted Interest Period has the meaning assigned to such term in the definition of “LIBO Rate”.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.