Extended Due Date definition

Extended Due Date means the new due date for payment of the Commercial credit extended by the Insured where the extension has been agreed between the Insured and the Counterparty, including payment by installments.
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Extended Due Date for a Bonus Payment means initially (i) 40 days after the Due Date if the Days Sales exceed 112 days as computed on the Due Date, and (ii) 70 days if the Days Sales exceeds 122 days as computed on the Due Date. If the Days Sales as computed at the end of the month prior to such Extended Due Date has increased by more than 5 days from the Days Sales as computed on the Due Date, the Extended Due Date shall be further extended for an additional 30 days. Such procedure shall be repeated at each successive Extended Due Date until the Days Sales as computed at the end of the month prior to the relevant Extended Due Date has not increased by more than 5 days from the Days Sales as computed one month earlier. For purposes of this Agreement, Days Sales shall be computed excluding the Receivable from the calculations, but otherwise using the same methodology as that employed by Lexecon in 2001 and prior years.
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Extended Due Date means the last date on which a Required Contribution can be made to a Plan before a lien arises pursuant to section 302(f)(4)(B) of ERISA and section 4l2(n)(4)(B) of the Code.
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Examples of Extended Due Date in a sentence

  • The First Extended Due Date of the Note is extended to December 31, 2009, at which time the entire amount of principal plus accrued interest shall be due and payable in full.

  • The Extension Penalty shall be payable, upon Investor’s election, in cash on the Extended Due Date or in shares of the Company’s common stock at a conversion price of twenty-five cents ($0.25) per share, issuable within thirty (30) days of the Extended Due Date.

  • Upon Effectiveness, Investor hereby agrees that the Late Payment, or any failure by the Company to make a payment of interest or penalties as of the date hereof and through the Extended Due Date as provided in this Agreement or under the Note, shall not be deemed an “Event of Default” pursuant to Section 8 of the Note or any of the 2013 Offering Documents.

  • If the Company does not receive notice from Investor in writing at least fifteen (15) days prior to the Extended Due Date of its election to receive the Extension Penalty in cash, the Extension Penalty shall be payable in shares as set forth in this Section 3.

  • In such case, subject to the provisions of Section 6 below, the Deferred Purchase Price Loan evidenced by this Deferred Purchase Price Note shall be due and payable in full on the Extended Due Date (as defined in the Term Loan Agreement).

  • Failure to comply with reminder notice by the First Extended Due Date = 1 demerit point.

  • Each reference in the Revolving Line of Credit or Note to the Original Due Date shall automatically be replaced, upon the Parties’ entry into this Agreement, by a reference to the Extended Due Date.

  • On or prior to the Due Date or Extended Due Date, Lender may at his discretion, by providing a written notice (the "Conversion Notice") to Lender, may convert outstanding principal under any of the Notes issued pursuant to this Agreement into the shares of the common stock of Borrower in full or in part at a conversion price that is 85% of the average closing prices for 15 trading days prior to the Conversion Notice date, but in any event at a conversion price which shall be not less than $1.28 per share.

  • Arle▇ ▇▇▇eby agrees that the due date for all principal and interest payments due under the Lezam Obligations is hereby deemed extended to the Extended Due Date.

  • On the Due Date or Extended Due Date, Borrower at its discretion can elect to have or cause to be converted up to one-half of outstanding principal of any of the Notes issued pursuant to this Agreement, into shares of common stock of Borrower at a conversion price that is 85% of average closing prices per share for 15 trading days prior to the Due Date or Extended Due Date, whichever may be applicable.


More Definitions of Extended Due Date

Extended Due Date means a change in the due date for the borrowed item before the expiry of the due date.
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Related to Extended Due Date

  • Extended Due for Payment Date means, in relation to any Series of Covered Bonds, the date, if any, specified as such in the applicable Final Terms to which the payment of all or (as applicable) part of the Final Redemption Amount payable on the Final Maturity Date will be deferred in the event that the Final Redemption Amount is not paid in full on the Extension Determination Date.

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).