Third Interest Only Extension Conditions definition

Third Interest Only Extension Conditions means satisfaction of each of the following: (a) no Event of Default shall have occurred and be continuing; (b) the Borrower shall have maintained compliance with Section 7.14 at all times, subject to verification by Collateral Agent and each Lender (including supporting documentation reasonably requested by Collateral Agent or any Lender); (c) as of August 31, 2019, Qualified Cash is at least Sixty-Nine Million Dollars ($69,000,000.00) plus the Qualified Cash A/P Amount; (d) on or before September 30, 2019, Borrower has furnished Collateral Agent and each Lender with evidence satisfactory to Collateral Agent and each Lender (i) of written feedback from the FDA regarding the protocols for a summative Human Factors Study and (ii) that Borrower will proceed to conduct the summative Human Factors Study without seeking further comments from the FDA; and (e) achievement of the Second Interest Only Extension Conditions.
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Third Interest Only Extension Conditions means satisfaction of each of the following: (a) no Event of Default shall have occurred and be continuing; (b) the Borrower shall have maintained compliance with Section 7.14 at all times, subject to verification by Collateral Agent and each Lender (including supporting documentation reasonably requested by Collateral Agent or any Lender); (c) on or before August 31, 2019, Borrower has furnished Collateral Agent and each Lender with evidence satisfactory to Collateral Agent and each Lender of completion of enrollment of the Dose Delivery Validation and Human Factors Studies; (d) as of August 31, 2019, Qualified Cash is at least Sixty-Three Million Dollars ($63,000,000.00) plus the Qualified Cash A/P Amount; and (e) achievement of the Second Interest Only Extension Conditions.
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Third Interest Only Extension Conditions means satisfaction of each of the following: (a) no Event of Default shall have occurred and be continuing; (b) the Borrower shall have maintained compliance with Section 7.14 at all times, subject to verification by Collateral Agent and each Lender (including supporting documentation reasonably requested by Collateral Agent or any Lender);
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More Definitions of Third Interest Only Extension Conditions

Third Interest Only Extension Conditions means satisfaction of each of the following: (a) no Default or Event of Default shall have occurred and is continuing; (b) on or before ***, Agent shall have received evidence that Borrower has achieved revenue as of *** determined in accordance with GAAP of at least ***, measured on a trailing *** basis; and (c) as of ***, Borrower’s cash and Cash Equivalents held in Accounts subject to an Account Control Agreement shall be greater than or equal to the sum of (i) ***, plus (ii) the amount, if any, of Borrower’s accounts payable under GAAP as of *** that have not been paid after the *** day following the invoice date for such accounts payable.
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Third Interest Only Extension Conditions is satisfied except under clause (d) therein, then October 1, 2019.
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Third Interest Only Extension Conditions means satisfaction of each of the following: (a) no Default or Event of Default shall have occurred and be continuing; (b) after the Effective Date and on or before June 30, 2019, the Borrower shall have achieved Equity Event 4 and (c) achievement of the First Interest Only Extension Conditions and Second Interest Only Conditions.
Sample 1
Third Interest Only Extension Conditions means satisfaction of each of the following events as of the Amortization Date: (a) the First Interest Only Extension Conditions and the Second Interest Only Extension Conditions shall have been achieved; (b) no Event of Default shall have occurred which is continuing; and (c) Borrower shall have at all times remained, unless otherwise agreed or waived by the Agent and the Required Lenders, in compliance with the financial covenants set forth in Section 7.21 (to the extent required to be tested at the relevant time).
Sample 1
Third Interest Only Extension Conditions means satisfaction of each of the following: (a) no Event of Default shall have occurred and be continuing; (b) the Borrower shall have maintained compliance with Section 7.14 at all times, subject to verification by Collateral Agent and each Lender (including supporting documentation reasonably requested by Collateral Agent or any Lender);
Sample 1
Third Interest Only Extension Conditions means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred and be continuing; and (b) at least one Tranche 4 Advance has been made on or prior to April 30, 2024.
Sample 1

Related to Third Interest Only Extension Conditions

  • Extension Conditions Defined in Section 3.06(a).

  • Minimum Extension Condition has the meaning specified in Section 2.15(b).

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

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

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

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

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

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

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

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Extension Deadline means, with respect to a letter of credit, the Cutoff Time on the Business Day preceding the day on which the letter of credit expires.

  • 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.

  • Notice of Extension/Conversion means the written notice of extension or conversion in substantially the form of Schedule 3.2, as required by Section 3.2.

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

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.

  • Revolver Extension Request has the meaning set forth in Section 2.16(b).

  • 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.

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(e).

  • Non-Extending Lender has the meaning specified in Section 2.18(b).

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

  • Litigation Conditions has the meaning set forth in Section 11.3.