Term B Draw Period definition

Term B Draw Period means the period of time commencing upon the Closing Date, and continuing through the earliest to occur of (a) December 20, 2017, (b) the date that is ninety (90) days after the occurrence of the Milestone Event, or (c) an Event of Default.

Term B Draw Period means the period of time commencing upon the occurrence of the First Milestone Event and continuing through the earlier to occur of (a) June 30, 2018 or (b) an Event of Default that has not been cured or waived.

Term B Draw Period is the period of time commencing on the later of (a) the date Borrower achieves the Term B Draw Period Milestone and (b) July 1, 2018, and ending on December 31, 2018.

Examples of Term B Draw Period in a sentence

• Subject to the terms and conditions of this Agreement, during the Term B Draw Period, Bank shall make one (1) advance (the “Term B Loan Advance”) available to Borrower in an amount of up to Two Million Dollars ($2,000,000.00).

• Subject to the Borrower having first achieved the Term B Milestone by the expiration of the Term B Draw Period and the other terms and conditions of this Agreement, the Lenders agree, severally and not jointly, to make a term loan to Borrower during the Term D Draw Period in an aggregate principal amount of up to Twenty Million ($20,000,000.00) according to each Lender’s Term Loan Commitment as set forth in Schedule 1.1 hereto (the “ Term D Loan”).

• Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, to make a term loan to Borrower during the Term B Draw Period in an aggregate principal amount of up to an amount equal to Seventeen Million Five Hundred Thousand Dollars ($17,500,000.00), according to each Lender’s Term Loan Commitment as set forth on Schedule 1.1 hereto (the “ Term B Loan”).

• Although the Secretariat attempted to estimate what those increases might be when preparing the budget, it was impossible to predict their precise level.

• Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, to make a term loan to Borrower during the Term B Draw Period in an aggregate principal amount of up to Twenty Million ($20,000,000.00) according to each Lender’s Term B Loan Commitment as set forth in Schedule 1.1 hereto (the “ Term B Loan”).

More Definitions of Term B Draw Period

Term B Draw Period means the period of time commencing upon the occurrence of the Term B Milestone Event and continuing through the earlier to occur of (a) September 30, 2018 and (b) an Event of Default. “Term B Loan Advance” and “Term B Loan Advances” shall each have the meaning assigned to such terms in Section 2.1(a).

Term B Draw Period is the period commencing on the later of June 30, 2021 and the first date on which Borrower achieves the Term B Milestone and ending on the earlier of (i) March 31, 2022 or (ii) the occurrence of an Event of Default (unless such Event of Default is waived by Collateral Agent and Lenders for the purposes of the continuation of the Term B Draw Period); provided, however, that the Term B Draw Period shall not commence if when Borrower achieves the Term B Milestone, an Event of Default has occurred and is continuing.

Term B Draw Period is the period of time commencing on the Effective Date and ending on the earlier of (i) December 31, 2018 or (ii) the occurrence of an Event of Default that continues.

Term B Draw Period means the period of time commencing upon the Closing Date,

Term B Draw Period. “Term B Draw Period Milestone”, “Term C Draw Period”, “Term C Draw Period Milestone 1”, “Term C Draw Period Milestone 2”

Term B Draw Period is the forty-five (45) day period following the date on which Borrower achieves the Term B Availability Milestone, provided however, that the Term B Draw Period shall not extend beyond February 14, 2022.

Term B Draw Period is [insert date of Amendment No. 1] through December 31, 2011.”