Deferral Termination Date definition

Deferral Termination Date means the date on which any Borrower Party or Affiliate thereof commence commercial production of HALEU in quantities large enough for commercial sales to customers (not including, for the avoidance of doubt, any limited production of HALEU for samples or solely as part of testing or verification of the Project or any of its equipment or in connection with the issuance of any permits or approvals of any Governmental Authority, in either case prior to the commencement of the commercial operation of the Project), whether at NECSA’s Pelindaba site in the Republic of South Africa or elsewhere in the world.

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Deferral Termination Date means one of the

Deferral Termination Date means the

Examples of Deferral Termination Date in a sentence

• The Noteholders hereby direct the Trustee not to exercise any rights and remedies on the Noteholders’ behalf regarding the Interest Payment until such Deferral Termination Date or as directed otherwise by the Noteholders.

• Interest which has accrued upon the Loans from January 1, 2004 through the Deferral Termination Date equal to the difference between the amount of interest accruing at the Accrual Rates and the amount of interest paid at the Pay Rates (hereinafter, the “Interest Accrual”), shall be due and payable upon the earlier of (1) the occurrence of an Event of Default, or (2) the Deferral Payment Date.

• The Deferred Portion shall bear interest at the annual rate of six and one-half percent (6.50%) and such interest shall accumulate and be payable by Purchaser to Sellers (x) at the time of the final payment of the Deferred Portion, or (y) on the Deferral Termination Date, whichever occurs first, even if only a portion of the Deferred Portion is actually due and paid to the Sellers.

• In the event that any of the Former Employees are no longer employed by the Company prior to the Deferral Termination Date for any reason, then any person replacing such Former Employee shall be deemed to be a Former Employee for the purposes of computing the Fees pursuant to this Section 2.2(a).

• The Issuer agrees to make the Interest Payment on such Deferral Termination Date, along with interest accruing on the Interest Payment at the interest rate applicable to the principal amount under the Indenture and the Securities plus 2.00% per annum, to the extent lawful, with such interest to be payable on the Deferral Termination Date.

• The parties hereto agree that all applicable statutes of limitation in favor of the Noteholders in respect of the Note Agreements are tolled as of the Effective Date and shall continue to be tolled and shall not begin running until the Deferral Termination Date.

• For the avoidance of doubt, until the Deferral Termination Date, the non-payment of the Interest Payment due on May 15, 2009 in accordance with this Agreement shall not constitute a default under the Indenture.

• If any of the Former Employees are terminated without cause by the Company prior to the Deferral Termination Date, then any unpaid portion of the Deferred Portion shall be immediately due and payable to the Sellers.

• Prior to the Deferral Termination Date, none of such persons listed on Exhibit 2.2(a) may be terminated by the Company without cause.

• From and after the Effective Date, all deferred principal, deferred interest, and other deferred amounts, as applicable, due and payable to any of the Noteholders shall bear interest at the Default Rate from and after the scheduled due date until such obligations are paid (whether paid before or subsequent to the Deferral Termination Date).

More Definitions of Deferral Termination Date

Deferral Termination Date means the earlier of (i) ▇▇▇▇▇ ▇, ▇▇▇▇, (▇▇) as to any individual Lease, the date on which the Tenant assigns, transfers or sells its interest in such Lease (including an assignment by operation of law, including a sale, transfer or assignment of any ownership interest in the Tenant), or (iii) the date of any Event of Default under any Lease, as modified by this Agreement, or under the Omnibus Agreement or any Franchise Agreement. On and after the Deferral Termination Date, all Minimum Rental and Percentage Rental which was deferred pursuant to this Section 4.01(3) shall become immediately due and payable by Tenant.

Deferral Termination Date means the earlier of (a) March 31, 2004, or (b) the date on which the sum of the Interest Accrual plus the amount of the Maintenance Fee due on January 31, 2004 equals $1,700,000.00.

Deferral Termination Date means the earliest date of occurrence of a Deferral Termination Event.

Deferral Termination Date. 10:00 a.m. (New York time) on the earlier to occur of (i) April 30, 2004 and (ii) the date of the occurrence of any Deferral Termination Event.