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.

Maturity Extension Conditions means all of the following:

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.

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 (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.

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.

Maturity Extension Conditions means the satisfaction of each of the following conditions: