Maturity Date Extension Conditions definition

Maturity Date Extension Conditions shall have the meaning set forth in Article 3(m)(i).
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Maturity Date Extension Conditions means, collectively: (a) the sale by Borrower of Equity Interests of Borrower during the period between March 15, 2024 and the date which is sixty (60) days following the First Amendment Closing Date in an aggregate amount not less than $5,000,000 (inclusive of the First Amendment Closing Date Equity Raise), (b) receipt by the Collateral Agent and Lender of an amendment fee of $50,000 (not inclusive of any other fees required to be paid hereunder or pursuant to the First Amendment), and (c) automatically upon the satisfaction of (a) and (b), the Current Interest Rate on all Loans shall be amended to be eleven percent (11.0%) per annum and the Deferred Interest Rate on all Loans shall be amended to be three percent (3.0%) per annum.
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Maturity Date Extension Conditions are satisfaction of each of the following: (a) no default or Event of Default shall have occurred and be continuing, (b) Borrower shall have provided evidence to Collateral Agent satisfactory to Collateral Agent in its reasonable discretion that Borrower has achieved Specified Product Revenues of greater than or equal to Twenty-Five Million Five Hundred Thousand Dollars ($25,500,000) on a trailing six-month basis for any six-month period ended on or before December 31, 2021 and (c) Borrower shall have amended the Permitted Convertible Debt such that the maturity thereof shall occur no earlier than May 31, 2025.
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Examples of Maturity Date Extension Conditions in a sentence

  • By signing this letter below, Seller hereby represents and warrants that, as of the date hereof, the Maturity Date Extension Conditions set forth in Article 3(n)(ii) of the Agreement have been satisfied.

  • The Borrower shall redeem the Loans on April 30, 20242025 (the “Maturity Date”) by payment in cash in full of the entire principal amount then outstanding, plus all accrued and unpaid interest thereon through the date of redemption, plus all outstanding and unpaid fees and expenses payable to the Lenders under the Loan Documents through the date of redemption; provided, however, that upon the satisfaction of the Maturity Date Extension Conditions, the Maturity Date shall be January 31, 2026.

  • The Borrower shall redeem the Loans on April 30December 31, 20252028 (the “Maturity Date”) by payment in cash in full of the entire principal amount then outstanding, plus all accrued and unpaid interest thereon through the date of redemption, plus all outstanding and unpaid fees and expenses payable to the Lenders under the Loan Documents through the date of redemption; provided, however, that upon the satisfaction of the Maturity Date Extension Conditions, the Maturity Date shall be January 31, 2026.


More Definitions of Maturity Date Extension Conditions

Maturity Date Extension Conditions means each of the following (i) Borrower has delivered to Administrative Agent the most recent financial statements and Compliance Certificate prior to September 10, 2014 pursuant to Sections 6.01 and 6.02 and such financial statements and Compliance Certificate reflect (a) Borrower has achieved a Consolidated EBITDA of at least $40,000,000 for each of the prior two consecutive trailing 12-month periods, determined for the period of four consecutive fiscal quarters ending on or most recently ended prior to such date of measurement, (b) Borrower is in compliance with all financial covenants set forth in Section 7.11, (c) no Default or Event of Default exists, and (ii) Borrower has delivered to Administrative Agent evidence, in form and substance satisfactory to Administrative Agent, that Borrower and its Subsidiaries have Available Take-Out in an amount sufficient to support the Borrowing Base at a level in excess of the Commitments for a period of at least 120 days after September 10, 2015.
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Related to Maturity Date Extension Conditions

  • 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.

  • Extension Conditions Defined in Section 3.06(a).

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

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

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Aggregate extension base means the taxing district's

  • Existing Maturity Date has the meaning specified in Section 2.14(a).

  • Extended Maturity Date has the meaning specified in Section 2.17(a).

  • 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.

  • Facility Maturity Date means the earliest of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.

  • Final Maturity Date means the date that (i) is one hundred eighty (180) days following the Scheduled Termination Date or (ii) such earlier date on which the Loans become due and payable pursuant to Section 9.01.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Original Maturity Date means the date on which the bond reaches the end of the term for which it was initially offered and, unless further extended, ceases to earn interest.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

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

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

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

  • Term Maturity Date means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

  • Tranche B Term Loan Maturity Date means October 20, 2016.

  • Term B Maturity Date means January 31, 2025.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.