Examples of Trigger Date in a sentence
If the Floor Price Trigger Date occurs prior to the date that is ninety (90) days from the Purchase Price Date (the “Prepayment Start Date”), then beginning on the Prepayment Start Date and each calendar month thereafter, Lender will have the right to demand that Borrower pay the Mandatory Monthly Prepayment Amount for such month in cash to Lender with the entire Outstanding Balance being due and payable on the six (6) month anniversary of the Prepayment Start Date.
If the Additional Registration Statement is not declared effective by the SEC within one hundred twenty (120) days of the Trigger Date, the Outstanding Balance will automatically increase by one percent (1%) and will continue increasing by one percent (1%) every thirty (30) days thereafter until the Additional Registration Statement is declared effective.
If the Floor Price Trigger Date occurs on or after the one (1) year anniversary of the Purchase Price Date, then on the Floor Price Trigger Date and each calendar month thereafter, Lender will have the right to demand that Borrower pay the Mandatory Monthly Prepayment Amount in cash to Lender for such month with the entire Outstanding Balance being due and payable on the Maturity Date.
With respect to each Advance requested to be made after the Testing Trigger Date, the Borrower shall not have failed the Advance Test for the DST Calculation Periods ending on [*****].
If fifty percent (50%) of the Conversion Shares registered under the Initial Registration Statement have been issued to Investor (such date, the “Trigger Date”) and this Note has not yet been repaid in full as of the Trigger Date, then Borrower will file an additional registration statement on Form S-1 (the “Additional Registration Statement”) for Lender registering additional Conversion Shares within thirty (30) days of the Trigger Date.