Interest Only Extension Conditions definition

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred and be continuing; and (b) on or prior to June 30, 2020, Borrower shall have achieved the Performance Milestone.

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred; and (b) Borrower shall have drawn the Tranche II Term Loan Advance in its entirety.

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred; and (b) achievement of the Performance Milestone.

Examples of Interest Only Extension Conditions in a sentence

• Section 1.1 of the Agreement is amended to amend or add the following defined terms in proper alphabetical order: “Amortization Date” means July 1, 2016; provided however, if the Interest Only Extension Conditions are satisfied, then January 1, 2017.

• A lung function test to assess the capability of the lungs in gaseous exchange.

• Agent and each Lender hereby consent to and agree that the Interest Only Extension Conditions 1 shall be deemed satisfied as of the Amendment Effective Date, and the Amortization Date shall be deemed to be October 1, 2021 (pursuant to the definition of “Amortization Date”); [***].

• After evaluating the claim, if the evidence of U.S. citizenship outweighs evidence to the contrary, the individual should not be taken into custody.” (Emphasis in original).

• Beginning on May 15, 2023 until the satisfaction of the Approval Milestone (but without limiting either of the Interest Only Extension Conditions or Section 2.2(e)(i)), Borrower shall at all times maintain Unrestricted Cash in an amount not less than $30,000,000.

More Definitions of Interest Only Extension Conditions

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no Default or Event of Default shall have occurred; (b) Borrower shall have closed the New Financing; and (c) Borrower shall have drawn an Advance under Tranche B. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred; and (b) Borrower shall have received the second tranche of Borrower's Preferred Series B equity financing in an amount of at least $15,000,000 funded on at least the same terms and conditions as the closing of the initial tranche of Borrower's Preferred Series B equity financing, or received minimum net proceeds of at least $15,000,000 from an Initial Public Offering.

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no Default or Event of Default shall have occurred; and (b) on or before September 30, 2020, Borrower achieves either Performance Milestone III or Performance Milestone IV.

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred and be continuing; and (b) delivery by Borrower to Lender of evidence satisfactory to Lender of the placement of six (6) Borrower’s systems by December 31, 2014 and receipt of the purchase price thereof by Borrower within 6 months of delivery pursuant to invoicing in the ordinary course of business.

Interest Only Extension Conditions means the occurrence to Lender’s reasonable satisfaction of each of the following events: (a) no default under any of the Loan Documents or Event of Default shall have occurred and be continuing, and (b) ZPC’s or Borrower’s receipt during the Measurement Period of at least Fifty Million Dollars ($50,000,000) (i) from a Capital Stock Sale; or (ii) from a Strategic Partnership; or (iii) from a combination of (i) and (ii).

Interest Only Extension Conditions are satisfaction of each of the following: (a) no Default or Event of Default shall have occurred and is continuing and (b) Borrower shall have provided evidence to Collateral Agent satisfactory to Collateral Agent in its reasonable discretion that Borrower has achieved product revenues (as determined under GAAP) of greater than or equal to $[***] on a trailing six-month basis for the period ending March 31, 2020.

Interest Only Extension Conditions means satisfaction of each of the following events: (a) no Default or Event of Default shall have occurred and is continuing; and (b) the Tranche III Milestone Date has occurred.