Extension Condition definition

Extension Condition has the meaning assigned to that term in Section 2.18(a).

Extension Condition. Defined in Section 3.06.

Extension Condition means that on or before October 31, 2020, the Borrower has obtained a rating for the credit facility evidenced by this Agreement of BBB or higher from a NRSRO and the Initial Lender has a received a copy of any rating letter issued in connection therewith.

Examples of Extension Condition in a sentence

• Repudiation/Moratorium is specified as applicable in the Credit Default Swap with respect to such Reference Entity, a Potential Repudiation/Moratorium has occurred with respect to such Reference Entity and the Repudiation/Moratorium Extension Condition has been satisfied but the Repudiation/Moratorium Evaluation Date has not yet occurred.

• Lack of funding Although the Homeless Fora were made up of representatives from local authority housing departments, health boards and voluntary organisations working with the homeless and socially disadvantaged, there was no provision within the Integrated Strategy with which they could contract or consult on a professional basis experts on the complex issues and needs of homeless households.

• However, the giving of an Extension Notice in accordance with this sub-paragraph (iii) shall not in any way preclude the subsequent giving of a Repudiation/Moratorium Extension Notice so long as the Repudiation/Moratorium Extension Condition is satisfied.An Extension Notice shall be subject to the requirements regarding notices set out in Condition CL3 ( Notices).

• See in particular Condition 24 (e) (Repudiation/Moratorium Extension), Condition 24 (f) (Grace Period Extension), Condition 24 (g) (Credit Derivatives Determinations Committee Extension) and Condition 24 (h) (Maturity Date Extension) of the “Terms and Conditions of the Notes (other than Undated Deeply Subordinated Notes)”.

• Second and more importantly, if the Extension Condition (barring countercyclic Merge) is rooted in linearization, as Fortin (2011) suggests, then countercyclic Merge of silent material, which is not linearized, may be harmless.Consider next the derivation of extraction out of an AE site, again using English words for convenience.

More Definitions of Extension Condition

Extension Condition will be met if the average reported weekly trading volume of Company’s Common Stock is at least seventy five thousand shares of Common Stock during the four full calendar weeks immediately preceding the date that is nine months following the Closing Date. In the event that NASDAQ is not open for trading for any weekday (or portion thereof) during any week(s) of such measurement period, such week(s) trading volume will be grossed up to equitable account for such shortened trading week. Solely by way of example, if during week three of such measurement period, NASDAQ was open for trading for only four days and 60,000 shares of Common Stock were traded, the weekly volume for such week shall be grossed up to 60,000 + 15,000, or 75,000.

Extension Condition has the meaning given to such term in Clause 3.4(a).

Extension Condition means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred and be continuing and (b) the Regulatory Approval Milestone shall have been met.

Extension Condition shall have the meaning set forth in Section 2.23(a).

Extension Condition shall have the meaning specified in Section 3.8.

Extension Condition means the following conditions, all of which must be satisfied, in order for the Initial Maturity Date for the Extension Eligible Portion to be extended to the Extended Maturity Date: (a) not more than twenty (20) days and not less than five (5) days prior to the Initial Maturity Date, Borrower shall have delivered to Lender an irrevocable written notice requesting the extension and (b) no Default or Event of Default shall exist under this Agreement or any of the other Loan Documents either at the time of the delivery of the notice to extend or at the time of the effective date of the extension.

Extension Condition shall have been satisfied if (i) no Default has occurred and is continuing and (ii) the Administrative Agent shall have received evidence satisfactory to it (acting reasonably) that either of the following events have occurred: