Second Term Loan Maturity Date definition

Second Term Loan Maturity Date means June 1, 2007.

Second Term Loan Maturity Date means the earlier of: (1) the date of closing of the issuance of additional equity of Borrower, other than with regard to the Chase Transaction, if the net proceeds of such issuance are sufficient to repay in full the Second Term Loan; (2) the date of closing of the issuance of convertible subordinated debt of Borrower, other than with regard to the Chase Transaction, if the proceeds of such issuance are sufficient to repay in full the Second Term Loan; (3) the date of repayment of the Revolving Loan and the termination of the Revolving Commitment; and (4) December 1, 2001.

Second Term Loan Maturity Date means January 31, 2008, unless extended by Bank pursuant to any modification, extension or renewal by Borrower and accepted by Bank in its sole and absolute discretion in substitution for the Second Term Note.

Examples of Second Term Loan Maturity Date in a sentence

• Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) day grace period shall not apply to payments due on the Revolving Line Maturity Date, Term Loan Maturity Date, Second Term Loan Maturity Date and Third Term Loan Maturity Date).

• Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) day grace period shall not apply to payments due on the Revolving Line Maturity Date, Term Loan Maturity Date and Second Term Loan Maturity Date).

• Except as provided for in the preceding sentence, the principal payments under the Second Term Loan evidenced by the Second Term Note will be repaid in twelve (12) equal consecutive monthly installments in the amount of $750,000.00 each, beginning on January 1, 2000, and continuing on the first day of each calendar month thereafter until the Second Term Loan Maturity Date, when the entire unpaid balance of the Second Term Note, inclusive of principal and interest, shall be paid in full.

• Borrower’s final Second Term Loan Payment, due on the Second Term Loan Maturity Date, shall include all outstanding principal and accrued and unpaid interest under the Second Term Loan.

• For the period beginning on the date of the Fifth Amendment until December 1, 2000, principal payments on the Second Term Loan evidenced by this Note shall not be due, unless preceded by the Second Term Loan Maturity Date, when the entire unpaid balance of this Note, inclusive of principal and interest, shall be paid in full.

More Definitions of Second Term Loan Maturity Date

Second Term Loan Maturity Date means the earlier of: (1) the date of closing of the issuance of Borrower's Additional Stock; (2) the date of closing of the issuance of the Convertible Subordinate Debt; (3) the date of repayment of the Revolving Loan; and (4) September 29, 1999.

Second Term Loan Maturity Date has the meaning set forth in Section 2.5.2 hereof.

Second Term Loan Maturity Date is October 1, 2012.

Second Term Loan Maturity Date means the Third Amendment Closing Date.

Second Term Loan Maturity Date means June 3, 2009.

Second Term Loan Maturity Date means July 22, 2006.

Second Term Loan Maturity Date means that date which is the first to occur of: (i) the Termination Date of the Second Term Loan; (ii) the end of the term of the average of maturities, rounded to the next lower whole month but not to exceed in any event sixty (60) months, of all Borrowing Base Leases funded by Advances under the Second Credit Line; (iii) that date which is thirty (30) months after the Effective Date of the Second Term Loan Note; or (iv) that date which is three (3) years after the Effective Date of the Second Credit Line.