Definition of Initial Loan Maturity Date


Initial Loan Maturity Date means the date that is seven years after the Closing Date, or, if such date is not a Business Day, the immediately preceding Business Day; provided that if the Permitted Convertible Notes are not converted, redeemed, repurchased or refinanced in full on or before the date that is 91 days prior to the maturity date of the Permitted Convertible Notes pursuant to one or more transactions permitted under this Agreement, such that the maturity date in respect of the Permitted Convertible Notes (and any Permitted Refinancing Indebtedness in respect thereof) is not at least 91 days after the Latest Maturity Date, the Initial Loan Maturity Date shall be the date that is 91 days prior to the maturity date of the Permitted Convertible Notes or, if such date is not a Business Day, the immediately preceding Business Day.
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Initial Loan Maturity Date means October 19, 2023.
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Examples of Initial Loan Maturity Date in a sentence

Following the Initial Loan Maturity Date, the events of default relevant to the Initial Loans will automatically be modified so as to be consistent with the Exchange Notes.
Following the Initial Loan Maturity Date, the covenants of the Initial Loans will automatically be modified so as to be consistent with the covenants of the Exchange Notes.
Term Loans shall bear interest for the period from and including the Initial Maturity Date to, but excluding, the Final Maturity Date or date of exchange for an Exchange Note on the unpaid principal thereof at a rate per annum (calculated and fixed on the Initial Loan Maturity Date) which would result in the All-In-Yield equaling the Total Cap, but in no event exceeding the Highest Lawful Rate.
Borrower shall repay to the Administrative Agent in Dollars, for the benefit of the Initial Lenders, on the Initial Loan Maturity Date, the then-unpaid Initial Loans.
The Borrower may extend the Initial Loan Maturity Date until the First Extended Maturity Date; provided, that the following conditions are satisfied: (i) the Borrower shall deliver written notice to the Administrative Agent of such extension not less than fifteen (15) days nor more than ninety (90) days prior to the Initial Loan Maturity Date and (ii) no Default or Event of Default shall have occurred and be continuing as of the date of such notice or as of the Initial Loan Maturity Date.