Term B Availability Period definition

Term B Availability Period means the period from and including the Effective Date to the earliest of (a) December 31, 2022, (b) the date of termination of the Term B Commitments pursuant to Section 2.04 and (c) the date of termination of the Term B Commitments pursuant to Section 9.02.
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Term B Availability Period means the period from the date hereof to and including the earlier of (a) thirty-six months from the date hereof and (b) the first Business Day on which the Available Term B Commitment of each of the Banks is zero.
Sample 1
Term B Availability Period set forth in Section 13.1 of the Loan Agreement hereby is amended and restated in its entirety and replaced with the following: “Term B Availability Period” is the period of time commencing on the date Borrower publishes a press release that states that it has received positive Enhance 2 pivotal data for Ensifentrine, through and including September 30, 2022. DocuSign Envelope ID: 9FF3261D-0D20-412B-884B-4C5114DC38A9
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Examples of Term B Availability Period in a sentence

  • The Term B Commitments shall be automatically and permanently reduced to zero on the date that the Term B Availability Period shall end.

  • The Borrower may, upon notice to the Administrative Agent, (i) during the Term B Availability Period terminate in full or reduce the Term B Commitments and (ii) following the establishment of the Term C Facility pursuant to Section 2.13, during the Term C Availability Period terminate in full or reduce the Term C Commitments; provided, that any such notice shall be received by the Administrative Agent not later than 11:00 a.m. five (5) Business Days prior to the date of termination or reduction.

  • Subject to the terms and conditions set forth herein, each Term B Xxxxxx severally agrees to make a single loan to the Borrower, in Dollars on any Business Day during the Term B Availability Period, in an aggregate amount not to exceed such Term B Lender’s Term B Commitment.

  • Subject to the terms and conditions of this Agreement, upon Co-Borrowers’ request during the Term B Availability Period, Bank shall make an additional term loan advance available to Co-Borrowers in an original principal amount equal to Ten Million Dollars ($10,000,000) (the “Term B Loan Advance”).

  • The full amount of the Initial Term B Loan Commitments may be drawn in three separate drawings during the Initial Term B Availability Period.

  • The Borrower may, upon written notice to the Administrative Agent during (i) the Term B Availability Period, terminate in full the Term B Commitments or (ii) the Term C Availability Period, terminate in full the Term C Commitments; provided, that: any such notice shall be received by the Administrative Agent not later than 9:00 a.m. five (5) Business Days prior to the date of termination.

  • In addition, on the last day of the Initial Term B Availability Period (after giving effect to any incurrence of Initial Term B Loans on such day), the Initial Term B Loan Commitment of each Initial Term B Lender shall terminate (to the extent not theretofore terminated).

  • The Borrower may, upon written notice to the Administrative Agent during (i) the Term B Availability Period, terminate in full the Term B Commitments and (ii) the Term C Availability Period, terminate in full the Term C Commitments; provided, that: any such notice shall be received by the Administrative Agent not later than 9:00 a.m. five (5) Business Days prior to the date of termination.

  • The Term B Commitments will be automatically and permanently reduced (i) by the amount of each Term B Borrowing on the date of each such Term B Borrowing and (ii) to zero upon the second Term B Borrowing pursuant to Section 2.01(b) or, if earlier, on the date that the Term B Availability Period shall end.

  • Subject to the terms and conditions set forth herein, each Delayed Draw Term A Holder agrees to make Delayed Draw Term A Loans to the Company in an aggregate principal amount equal to the full amount of its Delayed Draw Term A Commitment in a single drawing during the Delayed Draw Term A and Term B Availability Period.


More Definitions of Term B Availability Period

Term B Availability Period is the period of time commencing on the date Borrower publishes a press release that states that it has received positive Enhance 2 pivotal data for Ensifentrine, through and including September 30, 2022. DocuSign Envelope ID: 9FF3261D-0D20-412B-884B-4C5114DC38A9
Sample 1
Term B Availability Period is the period of time commencing on the date [***] for Ensifentrine, through and including June 30, 2022.
Sample 1
Term B Availability Period set forth in Section 13.1 of the Loan Agreement hereby is amended and restated in its entirety and replaced with the following: “Term B Availability Period” is the period of time commencing on the date [***] for Ensifentrine, through and including September 30, 2022.
Sample 1
Term B Availability Period means the period from the date hereof to and including 30 September 2004;
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Related to Term B Availability Period

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

  • Availability Block means $15,000,000.

  • Revolving Credit Period means the period from and including the Effective Date to but excluding the Termination Date.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).