Maturity Extension Conditions definition

Maturity Extension Conditions means (i) the Borrower achieves T6M Net Product Revenue of at least 60% of the T6M Net Product Revenue included in the Forecast and (ii) the Borrower notifies the Agent in writing of its desire to extend the Term Loan Maturity Date on or within five (5) Business Days of the third anniversary of the First Amendment Closing Date.
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Maturity Extension Conditions means all of the following:
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Maturity Extension Conditions means (i) no Default or Event of Default exists as to this Agreement and (ii) Borrower has requested to Lender in writing thirty (30) days prior to the end of the Initial Maturity Date requesting that the maturity of the Loan be extended to the Extended Maturity Date since as of the Initial Maturity Date the Loan shall have an outstanding principal outstanding.
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Examples of Maturity Extension Conditions in a sentence

  • Deleting the definitions of Extended Scheduled Maturity Date and Maturity Extension Conditions.

  • Following the consummation by the Borrower of a public or private offering of Qualified Equity Securities constituting one of the Maturity Extension Conditions, the Borrower and the Lenders shall negotiate in good faith to amend this Agreement to reflect the Borrower's financial condition after giving effect to such offering.

  • The Note shall (a) be dated the date of this Agreement, (b) be stated to mature on the Initial Maturity Date, unless the Maturity Extension Conditions have been satisfied then which the Note shall mature on the Extended Maturity Date and (c) bear interest from the date of each Advance on the outstanding Advances made from time to time at the applicable interest rate per annum specified in Section 2.5 hereof.


More Definitions of Maturity Extension Conditions

Maturity Extension Conditions means the satisfaction of each of the following conditions:
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Maturity Extension Conditions means all conditions set forth in the RSA, any version of the Debtors’ joint chapter 11 plan of reorganization filed with the Court prior to the Plan, or the Plan relating to the extension of maturity date of the Prepetition Secured Loan Documents to three (3) years from the Effective Date.
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Maturity Extension Conditions means the satisfaction of each of the following events: (a) no Default or Event of Default shall have occurred and be continuing and (b) Borrower shall have delivered evidence satisfactory to Agent (as determined by Agent in its reasonable discretion) that it has achieved at least two (2) of the following milestones: (i) Borrower has dosed the first patient in a pivotal phase 3 study of casdatifan for the treatment of renal cell carcinoma; (ii) Borrower has dosed the first patient in a pivotal phase 3 study of quemliclustat in patients with advanced pancreatic cancer or (iii) Borrower has dosed the first patient in a pivotal phase 3 study of etrumadenant in patients with metastatic colorectal cancer; provided however, in the case of each of the subclauses in this clause (b), the applicable phase 3 study must be ongoing at the same time when the Agent is evaluating the satisfaction of the Maturity Extension Conditions.
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Related to Maturity Extension Conditions

  • 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).

  • 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.

  • Minimum Extension Condition has the meaning specified in Section 2.15(b).

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • 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.

  • 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.

  • 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.

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

  • 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.

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

  • LC Conditions has the meaning given to such term in Section 2.9.

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

  • Credit Extension Date means the Borrowing Date for an Advance or the issuance date for a Facility LC.

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

  • 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.

  • 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.

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

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

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Revolver Extension Request has the meaning set forth in Section 2.16(b).

  • Litigation Conditions has the meaning set forth in Section 11.3.

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

  • Revolver Maturity Date means September 21, 2023, or, as to any Revolving Credit Lender for which the Revolver Maturity Date is extended pursuant to Section 2.17, the date to which the Revolver Maturity Date is so extended or, if such day is not a Business Day, the next preceding Business Day.