Examples of Subsequent Maturity Date in a sentence
Any Letter of Credit issued with an expiration date beyond the fifth Business Day prior to the Maturity Date (or the Subsequent Maturity Date, as applicable) shall, to the extent of any undrawn amount remaining thereunder on the Maturity Date (or the Subsequent Maturity Date, if applicable), cease to be a “Letter of Credit” outstanding under this Agreement for purposes of the Revolving Lenders’ obligations to participate in Letters of Credit pursuant to paragraph (d) below.
The Borrower fails to pay any amount due by the Initial Maturity Date or the Subsequent Maturity Date, each such amount as set forth in Section 2, above.
Any Letter of Credit issued with an expiration date beyond the fifth Business Day prior to the Revolving Maturity Date (or the Subsequent Maturity Date, as applicable) shall, to the extent of any undrawn amount remaining thereunder on the Revolving Maturity Date (or the Subsequent Maturity Date, if applicable), cease to be a “Letter of Credit” outstanding under this Agreement for purposes of the Revolving Lenders’ obligations to participate in Letters of Credit pursuant to clause (d) below.
In the event that the Company does not pay the entire amount of the Obligations on the Initial Maturity Date either (i) in cash or (ii) to the extent permitted through an Exchange in accordance with Section 2(c) below, the Holder shall have the option to extend the Maturity Date as to all or any part of the Obligations from the Initial Maturity Date to the Subsequent Maturity Date (the “Maturity Extension Option”).
If the Holder exercises the Maturity Extension Option, the Obligations shall become due on the Subsequent Maturity Date instead of the Initial Maturity Date, and Interest (and any other amounts) shall continue to accrue hereon through the full and final payment (through cash or an Exchange) of all Obligations.
All concentrations are in units of nM.To simulate the delayed infection scenario where infection by a second phage occurs τd minutes after initial infection (main text, Figure 4), the model ODEs in Section 1 were inte- grated until τd minutes after infection.
Unfortunately, none of these scoring systems have been found to be sufficiently accurate to be relied upon for this purpose.
The last day of each such renewal period shall be the Subsequent Maturity Date.
If the maturity date of the Seller Note is so extended, IM Ready will have the option to convert the Seller Note into Common Shares based on the greater of (i) the fair value of the Common Stock on the Subsequent Maturity Date and (ii) $4.50, subject to certain adjustments.
The Subsequent Maturity Date was again extended to 30 June 2018 and 31 December 2018 (the “Maturity Date”).