Second Extension Conditions definition

Second Extension Conditions. As defined in the Credit Agreement.
Sample 1Sample 2Sample 3
Second Extension Conditions has the meaning set forth in Section 1.14(b) of this Loan Agreement.
Sample 1
Second Extension Conditions means that, on each day during the Second Extension Period, each of the Initial Engine (or one or more Replacement Engines in respect thereof) and the Additional Engine (or one or more Replacement Engines in respect thereof) shall constitute Eligible Equipment and form part of the Borrowing Base.
Sample 1

Examples of Second Extension Conditions in a sentence

  • The date specified in the DPU ------ --- ----- ---------- ---- Approval delivered for purposes for satisfying the Second Extension Conditions as the last date upon which the Borrower may incur indebtedness pursuant to such order.

  • A date selected by the Borrower on or prior ------ --------- ---- to the DPU Final Incurrence Date on which the Second Extension Conditions shall have been satisfied.

Related to Second Extension Conditions

  • Extension Conditions Defined in Section 3.06(a).

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(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).

  • Second Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • 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.

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

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

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

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

  • First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

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

  • Early Termination Conditions means the types of conditions listed in Schedule A.

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

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

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

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

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

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

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

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Notice of Extension/Conversion means the written notice of extension or conversion in substantially the form of Schedule 3.2, as required by Section 3.2.