Term Loan Tranche 3 Activation Date definition

Term Loan Tranche 3 Activation Date means September 30, 2022 unless the Term Loan Tranche 3 Commitment Termination Date occurs prior thereto.
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Term Loan Tranche 3 Activation Date means the date, if any, occurring after September 30, 2020 and prior to the Tranche 3 Commitment Termination Date and on which Borrower delivers a notice to Agent requesting the activation of the Term Loan Tranche 3 Commitment; provided that no Default or Event of Default has occurred and is continuing on such date.
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Term Loan Tranche 3 Activation Date means the date, if any, following the Term Loan Tranche 2 Funding Date but prior to the Term Loan Tranche 3 Commitment Termination Date on which Agent receives a Compliance Certificate and such other documentation and information as Agent may reasonably request evidencing, to Agent’s reasonable satisfaction, that Borrowers’ consolidated Net Revenue attributable solely to the commercial sale of TX-001HR and TX-004HR for the twelve (12) month period ending on the last day of the month immediately preceding such proposed Term Loan Tranche 3 Funding Date is greater than or equal to $75,000,000.
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Examples of Term Loan Tranche 3 Activation Date in a sentence

  • Without limiting the foregoing, until the Term Loan Tranche 3 Activation Date has occurred, no Borrower shall be entitled to request and no Lender shall be required to advance any principal amount in respect of the Term Loan Tranche 3.


More Definitions of Term Loan Tranche 3 Activation Date

Term Loan Tranche 3 Activation Date means the date, if any, after September 30, 2018 on which Borrower requests to activate the Term Loan Tranche 3 Commitment and delivers to the Agent a Compliance Certificate in accordance with Section 4.1 evidencing to Agent’s reasonable satisfaction that Borrowers are in pro forma compliance with the financial covenants set forth in Article 6.
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Term Loan Tranche 3 Activation Date in Section 1.1 of the Existing Credit Agreement is hereby amended and restated as follows:
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Term Loan Tranche 3 Activation Date means the date, if any, on or after April 1, 2020 on which the Agent receives a [***], delivered in accordance with Section 4.1(i), that demonstrates to Agent’s reasonable satisfaction that [***] [***].
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Term Loan Tranche 3 Activation Date means the date, if any, prior to the Term Loan Tranche 3 Commitment Termination Date, on which the Agent receives documentation and information evidencing, to Agent’s reasonable satisfaction, that a commercial batch of Borrower’s Abaloparatide transdermal patch has been produced by or on behalf of Borrower out of a facility intended for commercial purposes.
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Term Loan Tranche 3 Activation Date means January 1, 2024.
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Related to Term Loan Tranche 3 Activation Date

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Tranche B Term Loan Maturity Date means April 9, 2020 (or if such date is not a Business Day, the immediately preceding Business Day) or such earlier date as may result from the operation of Section 2.08(b), if applicable.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Tranche C Term Loan as defined in Section 2.1.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Revolving Loan Commitment Termination Date means the earliest of

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Tranche B Term Loan as defined in Section 2.1.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).