Term C Draw Period means the period of time commencing upon the later of (a) January 1, 2018 and (b) the occurrence of each of (i) the Second Milestone Event and (ii) Lender making the Term B Loan Advance, and continuing through the earlier to occur of (i) June 30, 2018, or (ii) an Event of Default that has not been cured or waived.
Term C Draw Period is the period commencing on the date of the occurrence of the Term C Milestone and ending on the earlier of (i) the date which is thirty (30) days after the date the Term C Milestone is achieved, (ii) March 15, 2025 and (iii) the occurrence of an Event of Default; provided, however, that the Term C Draw Period shall not commence if on the date of the occurrence of the Term C Milestone an Event of Default has occurred and is continuing.”
Term C Draw Period means the period from the Fourth Amendment Effective Date through the earlier of an Event of Default and April 30, 2012.
Examples of Term C Draw Period in a sentence
During the Term C Draw Period, subject to the terms and conditions of this Agreement, Borrower may request and Bank shall make one (1) term loan available to Borrower in the amount of Five Million Dollars ($5,000,000.00) (the “Term C Loan” and, together with the Term A Loan and the Term B Loan, each a “Term Loan,” and collectively, the “Term Loans”).
More Definitions of Term C Draw Period
Term C Draw Period is the period of time commencing on the later of (a) the date Borrower achieves either Term C Draw Period Milestone 1 or Term C Draw Period Milestone 2 and (b) January 1, 2019, and ending on March 31, 2019.
Term C Draw Period is the period commencing on the date of the occurrence of the Term C Milestone, provided that if the Term C Milestone is achieved prior to July 1, 2023, then the Term C Draw Period shall commence on July 1, 2023, and ending on the earliest of (i) September 30, 2023 and (ii) the occurrence of an Event of Default (which has not been waived by Collateral Agent and the Required Lenders in writing in their sole discretion); provided, however, that the Term C Draw Period shall not commence if on the date of the occurrence of either clause (i) or (ii) of the Term C Milestone an Event of Default has occurred (unless and until such Event of Default has been waived by Collateral Agent and the Required Lenders in writing in their sole discretion explicitly for the purposes of the commencement and/or reinstatement of the Term C Draw Period); provided further that, for the avoidance of doubt, such Term C Draw Period shall automatically be reinstated with the same force and effect upon the waiver by the Collateral Agent and Required Lenders in writing in their sole discretion of such Event of Default explicitly for the purposes of the commencement and/or reinstatement of the Term C Draw Period.
Term C Draw Period is the period commencing on the later of (i) achievement of all of the Term C Milestones by Borrower and (ii) March 31, 2021 and ending on the earlier of (i) December 31, 2021 and (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 C Draw Period); provided, however, that the Term C Draw Period shall not commence if when Borrower achieves the Term C Milestones, an Event of Default has occurred and is continuing.
Term C Draw Period is the period commencing on the first date on which both the Term B Milestone and Interest-Only Extension Milestone have been achieved, and ending on March 15, 2024.
Term C Draw Period is the Third Amendment Closing Date through December 31, 2012.”
Term C Draw Period is the period commencing on the date that Borrower makes a public announcement that [***] is sufficient to continue the [***] prior to March 31, 2024 and ending on the earlier of (a) March 31, 2024, and (b) the occurrence and during the continuance of an Event of Default; provided, however, that the Term C Draw Period shall not commence if on the date of the occurrence of such public announcement an Event of Default has occurred and is continuing.
Term C Draw Period means the period of time commencing upon the occurrence of