Second Draw Period definition

Second Draw Period is the period commencing on the date of the occurrence of the Equity Event and ending on the earlier of (i) July 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Equity Event an Event of Default has occurred and is continuing.

Second Draw Period is the period commencing on the date of the occurrence of the Term B Draw Event and ending on the earlier of (i) December 31, 2015 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Term B Draw Event an Event of Default has occurred and is continuing.

Second Draw Period is the period commencing on the later of (i) the date of the occurrence of the Positive Data Event and (ii) October 1, 2018 and ending on the earliest of (i) the date that is sixty (60) days immediately after the occurrence of the Positive Data Event, (ii) December 20, 2018 and (iii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date that it would have otherwise commenced an Event of Default has occurred and is continuing.

Examples of Second Draw Period in a sentence

• If the Second Draw Period commences and Borrower fails to draw the full amount of the Term B Loans in accordance with the terms hereof, a fully earned and non-refundable non-utilization fee in the amount of One Hundred Thousand Dollars ($100,000.00) which shall become due and payable upon the earliest of: (i) the Maturity Date, (ii) the acceleration of any Term Loan, (iii) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), or (iv) the date that Second Draw Period ends.

• During the Second Draw Period, Bank shall make one (1) Bridge Loan (the “Second Bridge Loan Advance”) available to Borrower in an amount up to One Million Dollars ($1,000,000.00).

• Subject to the terms and conditions of this Agreement, upon Borrower’s request, during the Second Draw Period, Bank shall make one (1) term loan advance (the “Term C Loan Advance”) available to Borrower in an original principal amount of Five Million Dollars ($5,000,000.00).

• During the Second Draw Period, Borrower may request one (1) additional Term Loan Advance in an amount of Four Million Dollars ($4,000,000).

• During the Second Draw Period, Bank agrees to make one (1) advance (the “Second Growth Capital Advance”) available to Borrower in the amount of the Second Growth Capital Advance Amount.

More Definitions of Second Draw Period

Second Draw Period is the period commencing on the date occurring on or after the Second Amendment Effective Date in which Borrower satisfies the Second Draw Conditions and ending on the earlier of (a) June 20, 2021, and (b) the occurrence of an Event of Default.

Second Draw Period is the period commencing on the on the latest of (a) the date of the occurrence of the Second Draw Milestone, and (b) January 1, 2021, and ending on the earliest of (x) thirty (30) days from the occurrence of the Second Draw Period Milestone, (y) August 31, 2022, and (z) the occurrence of any Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Second Draw Period Milestone an Event of Default has occurred and is continuing.

Second Draw Period is the period commencing on the date of the occurrence of the Term B Funding Milestones and ending on the earlier of (i) May 31, 2018 and (ii) the occurrence and continuation of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Term B Funding Milestones an Event of Default has occurred and is continuing

Second Draw Period is the period commencing on the date of the occurrence of the Second Draw Milestone and ending on the earlier of (i) December 31, 2013 or (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Second Draw Milestone an Event of Default has occurred and is continuing.

Second Draw Period means the period commencing after March 31, 2015 and upon the occurrence of the First Milestone Event and the Second Milestone Event and ending on the earlier to occur of (i) June 30, 2015, and (ii) an Event of Default.

Second Draw Period is the period commencing on later of the date of the occurrence of the First Equity Event and November 1, 2015, and ending on the earlier of (i) Xxxxx 00, 0000, (xx) thirty (30) days after the date of the occurrence of the First Equity Event and (iii) the occurrence of an Event of Default (unless such Event of Default is cured or waived to the satisfaction of the Collateral Agent and the Required Lenders for the purposes of the continuation of the Second Draw Period); provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the First Equity Event an Event of Default has occurred and is continuing.

Second Draw Period is the period commencing on the date of the occurrence of the IPO Event and ending on the earliest of (i) the date which is thirty (30) days after the date the IPO Event is achieved, (ii) November 30, 2019 and (iii) the occurrence of an Event of Default that continues; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the IPO Event an Event of Default has occurred and is continuing.