Second Extension Event definition

Second Extension Event has the meaning assigned to it in Section 2.01(c)(ii).
Sample 1Sample 2
Second Extension Event. Solely with respect to an extension of the Facility Maturity Date pursuant to Section 2.01(c)(ii), the Second Extension Event shall have occurred.
Sample 1Sample 2
Second Extension Event means (a) Borrower has provided Agent, on or prior to January 1, 2022, with evidence reasonably satisfactory to Agent in Agent’s reasonable discretion that Borrower has received positive data with respect to Borrower’s phase 3 clinical trial for Vonoprazan in treatment of both Helicobacter Pylori Infection and Erosive Esophagitis sufficient to file an NDA with the FDA and (b) the Term B Loan Advance has been made.”
Sample 1

More Definitions of Second Extension Event

Second Extension Event means (a) Borrower has provided Agent, on or prior to January 1, 2022, with evidence reasonably satisfactory to Agent in Agent’s reasonable discretion that Borrower has received positive data with respect to Borrower’s phase 3 clinical trial for Vonoprazan in treatment of both
Sample 1
Second Extension Event means Parent either (a) receiving at least an aggregate of Twenty-Five Million Dollars ($25,000,000), without reduction for any sales or placement commissions or other transaction costs, of new cash proceeds resulting from one or more Corporate Development Transaction(s)and/or Corporate Finance Transaction(s) after the Third Amendment Effective Date, but excluding from such amount the Ten Million Dollars ($10,000,000) of net new cash proceeds received after the Third Amendment Effective Date that satisfies the First Extension Event or (b) Parent having aggregate product revenue of at least Fifteen Million Dollars for the first half of fiscal year 2016.
Sample 1

Related to Second Extension Event

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

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

  • Grace Period Extension Date means, if:

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

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

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

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

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

  • Succession Event means an event such as a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event in which one entity succeeds to the obligations of another entity, whether by operation of law or pursuant to any agreement. Notwithstanding the foregoing, “Succession Event” shall not include an event in which the holders of obligations of the Reference Entity exchange such obligations for the obligations of another entity, unless such exchange occurs in connection with a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

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

  • Suspension Event As defined in Section 5(b) hereof.

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

  • Extension Effective Date has the meaning specified in Section 2.06(c).

  • Resolution Extension Period As defined in Section 2.03(b).

  • Extension Date has the meaning specified in Section 2.19(b).

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

  • Covenant Suspension Event has the meaning set forth in Section 4.18.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

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

  • 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.

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

  • Term SOFR Transition Event means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 2.14 that is not Term SOFR.

  • Extension Conditions Defined in Section 3.06(a).

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.