Third Tranche Availability Period definition
Third Tranche Availability Period means the period of time commencing upon the occurrence of the Third Tranche Milestone (but no earlier than October 1, 2023), and ending on the earliest to occur of (i) at the option of the Administrative Agent, an Event of Default, and (ii) March 1, 2024.
Third Tranche Availability Period means the period commencing on the Closing Date and ending on March 31, 2020.
Third Tranche Availability Period means the period of time commencing upon [***].
Examples of Third Tranche Availability Period in a sentence
Lenders’ commitment to make the Third Tranche Term Loans shall terminate upon the earlier of (i) the end of the Third Tranche Availability Period, and (ii) the date that Third Tranche Term Loan has been funded.
Lenders’ commitment to make the Third Tranche Term Loans shall terminate upon the earlier of (i) the end of the Third Tranche Availability Period, and (ii) the date that Third Tranche Term Loans have been funded.
Lenders’ commitment to make the Third Tranche Term Loans shall terminate upon the earlier of (i) the end of the Third Tranche Availability Period, and (ii) the date the Third Tranche Term Loans have been funded.
The Issuer may, upon written notice to the Administrative Agent during the Third Tranche Availability Period, terminate in full the Third Tranche Note Purchase 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 Third Tranche Note Purchase Commitments will be automatically and permanently be reduced to zero on the last day of the Third Tranche Availability Period.
More Definitions of Third Tranche Availability Period
Third Tranche Availability Period means the period of time commencing upon the occurrence of the Third Tranche Milestone, but no earlier than June 1, 2022, and ending on December 31, 2022.
Third Tranche Availability Period means the period commencing on the date the Lenabasum Approval Milestone is met and ending on the earlier of (i) four weeks following the date the Lenabasum Approval Milestone is met and (ii) March 31, 2022; provided that if the date the Lenabasum Approval Milestone is met occurs on or after the date that is five (5) Business Days prior to March 31, 2022 and prior to March 31, 2022, the Third Tranche Availability Period shall automatically be extended to the date that is ten (10) Business Days following the date the Lenabasum Approval Milestone is met.
Third Tranche Availability Period means the period of time commencing upon the occurrence of the Third Tranche Milestone (but no earlier than January 1, 2023), and ending on the earliest to occur of (i) an Event of Default, and (ii) July 31, 2023.
Third Tranche Availability Period means the period from and after the date of effectiveness of the Third Tranche Joinder Agreement to the earliest of (a) the applicable date set forth in the Third Tranche Joinder Agreement as the expiration date for the Third Tranche Note Purchase Commitments, (b) the date of termination of the Third Tranche Note Purchase Commitments pursuant to Section 2.04 and (c) the date of termination of the Third Tranche Note Purchase Commitments pursuant to Section 9.02.
Third Tranche Availability Period means the period commencing on the Closing Date and ending on December 31, 2021.
Third Tranche Availability Period means the period commencing on the July 1, 2027 through (and including) June 30, 2028.
Third Tranche Availability Period means the period from and after the date of effectiveness of the Third Tranche Joinder Agreement to the earliest of (a) the applicable date set forth in the Third Tranche Joinder Agreement as the expiration date for the Third Tranche Note Purchase Commitments, (b) the date of termination of the Third Tranche Note Purchase Commitments pursuant to Section 2.04 and (c) the date of termination of the Third Tranche Note Purchase Commitments pursuant to Section 9.02. “Third Tranche Joinder Agreement” means a joinder agreement, substantially in the form of Exhibit G, executed and delivered in accordance with the provisions of Section 2.13. “Third Tranche Note” has the meaning set forth in Section 2.01(c). “Third Tranche Note Purchase Commitment” means, as to each Third Tranche Purchaser, its commitment to purchase a Third Tranche Note, in the principal amount set forth opposite such Third Tranche Purchaser’s name in the Third Tranche Joinder Agreement. The aggregate principal amount of the Third Tranche Note Purchase Commitments of all of the Third Tranche Purchasers shall not exceed ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000). “Third Tranche Notes Issuance” means an issuance of simultaneous Third Tranche Notes by the Issuer to each of the Third Tranche Purchasers pursuant to Section 2.01(c). “Third Tranche Notes Issuance Date” has the meaning set forth in Section 2.01(c). “Third Tranche Purchase Conditions” means the conditions that (a) the Issuer shall have delivered (prior to the date that any purchase of the Third Tranche Notes is requested in accordance with Section 2.02(a)) to the Administrative Agent (i) a certificate of a Responsible Financial Officer of the Issuer (in form and substance reasonably satisfactory to the Required Purchasers), certifying that (A) Consolidated Daxi Net Product Sales, for any consecutive twelve (12) month period preceding the date that the applicable purchase of Third Tranche Notes is requested to be made, were at least $50,000,000, (B) the Amortization Trigger Date shall not have occurred prior to the date that a Notes Issuance Notice with respect to the Third Tranche is delivered by the Issuer to the Administrative Agent and (C) (I) [***] (ii) evidence reasonably satisfactory to the Third Tranche Purchasers demonstrating compliance with the requirements in the foregoing clause (a)(i) and (iii) the financial statements required to be delivered pursuant to Section 7.01 or such other financial statements as are reasonably s...