Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.
Equipment Advance is defined in Section 2.1.1.
Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.
Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.
Mandatory Conversion Date has the meaning set forth in Section 7(a).
Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.
Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).
Automatic Conversion Date has the meaning set forth in Section 7(c).
Term Advance has the meaning specified in Section 2.01(a).
Loan Advance The meaning specified in Section 2.2(a).
Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Conversion Date shall have the meaning set forth in Section 4(a).
Forced Conversion Date shall have the meaning set forth in Section 6(d).
Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.
Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).
Credit Event Amount means, with respect to any Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.
Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.
Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).
Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.
Available Incremental Amount has the meaning specified in Section 2.14(4)(c).
Judgment Conversion Date as defined in subsection 10.8(a).
Maximum Revolving Advance Amount means $25,000,000.
Overadvance Amount has the meaning specified therefor in Section 2.4(f).
Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.
Fixed Incremental Amount means (i) the greater of $920,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.
Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.