Debt Milestone definition

Debt Milestone means when the total amount of principal and interest owed to Third Eye Capital or its Affiliates is less than one million dollars ($1,000,000) (whether by refinancing such debt with other third party debt or otherwise) pursuant to the following (i) the Note Purchase Agreement dated as of October 18, 2010, as amended, by and among Aemetis Advanced Fuels Xxxxx, Inc., a Delaware corporation, Third Eye Capital Corporation, an Ontario corporation, as agent, Third Eye Capital Credit Opportunities Fund – Insight Fund, Sprott Private Credit Fund L.P. and Sprott PC Trust, (ii) Term Loan, (iii) the Revolving Credit Facility, or (iv) any other obligation of Aemetis or any of its Subsidiaries pursuant to notes held by Third Eye Capital or its Affiliates.
Sample 1

Examples of Debt Milestone in a sentence

  • Certification of Debt Milestone 2 will occur, if at all, no later than December 31 of the calendar year in which Debt Milestone 2 is achieved.

  • For purposes of clarity, in the event that a Change of Control occurs on or after the achievement of Debt Milestone 1, the Cash LTIP will be terminated immediately prior to the Change of Control and no payments will be made pursuant to the Cash LTIP in connection with the Change of Control or thereafter.

  • On or before December 31, 2002, the Resource Entities agree to drill, on behalf of themselves or their Affiliates, in the aggregate at least 225 Connectable Wxxxx, which number shall include those Connectable Wxxxx drilled by any Investment Program during 1999.

  • In the event of a Change of Control prior to the achievement of Debt Milestone 1, 50% of the Bonus Award will be paid to all Participants who are continuously employed by the Employer, the Company or any Affiliate from the Effective Date through the date of the Change of Control on the first regular pay date following the Change of Control.

  • In the event Debt Milestone 1 is achieved during the Performance Period, 50% of the Bonus Award will be paid to all Participants who are continuously employed by the Employer, the Company or any Affiliate from the Effective Date through the date of payment of the portion of the Bonus Award attributable to the Debt Milestone 1, at the time set forth in Section 5(c).

  • Satisfy the Subordinated Debt Milestone on or prior to April 30, 2017.

  • In the event of a Change of Control, the Cash LTIP will terminate immediately prior to the Change of Control and no payments other than amount set forth in this Section 5(b), if applicable, will be paid or payable to Participants (including payment with respect to Debt Milestone 2 or otherwise) pursuant to the Cash LTIP.

  • The coparcenary property is held in collective ownership by all the coparceners in a quasi corporate capacity.

  • The Cash LTIP will terminate immediately following the end of the Performance Period except to the extent Debt Milestone 2 was achieved prior to such time and any Bonus Award remains unpaid as of the end of the Performance Period, in which case the Cash LTIP will terminate upon payment of the remaining Bonus Awards.

Related to Debt Milestone

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Development Milestone Event has the meaning set forth in Section 7.1.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone means an event or task described in the Implementation Plan which, if applicable, must be completed by the relevant Milestone Date;

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Milestone Event has the meaning set forth in Section 8.4.

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

  • Sales Milestone Payment is defined in Section 5.3.

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Second Target Distribution means $0.4375 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4375 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.