Examples of Tranche 2 Maturity Date in a sentence
Maturity Date: All Notes must be converted by the Subscribers on the Tranche 1 Maturity Date (with respect to Tranche 1 Notes) or the Tranche 2 Maturity Date (with respect to Tranche 2 Notes), provided that the Maximum T1 Conversion Shares or the Maximum T2 Conversion Shares (as the case may be) have not been reached or there has been no occurrence of any event of default as specified in the Conditions.
The Administrative Agent shall notify the Borrowers not later than 15 days prior to the relevant anniversary of the Restatement Effective Date of the decision of the Lenders regarding the Borrowers’ request for an extension of the Tranche 1 Maturity Date and Tranche 2 Maturity Date.
If any such Lender shall fail to notify the Administrative Agent and the Borrowers in writing of its consent to any such request at least 20 days prior to the Tranche 1 Maturity Date and the Tranche 2 Maturity Date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request.
The Tranche 2 Note shall be originally dated March 27, 1997, have a stated maturity that is the Tranche 2 Maturity Date, and bear interest at the Interest Rate from the Tranche 2 First Borrowing Date until the Tranche 2 Note or any amount thereunder is paid in full (whether on the Tranche 2 Maturity Date, by acceleration or otherwise).
The Administrative Agent shall promptly notify each Lender holding a commitment that would be extended by such request of such request, and each such Lender shall in turn, in its sole discretion, not later than 20 days prior to the Tranche 1 Maturity Date and the Tranche 2 Maturity Date, notify the Borrowers and the Administrative Agent in writing as to whether such Lender will consent to such extension.