First Interest Only Extension Conditions definition

First 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) confirmation by Agent and Lender that the Term B Loan Advance has been made on or prior to June 30, 2018.

First Interest Only Extension Conditions means satisfaction of each of the following: (a) no Default or Event of Default shall have occurred and be continuing and (b) after the Effective Date, the Borrower shall have achieved Equity Event 1.

First 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) either of Performance Milestone I or Performance Milestone II has been achieved on or prior to December 15, 2024.

First 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) either the AXS-05 Milestone or the AXS-07 Milestone have been achieved on or prior to October 31, 2025.

First Interest Only Extension Conditions means satisfaction of each of the following: (a) no Default or Event of Default shall have occurred and is continuing; and (b) prior to ***, Agent shall have received evidence that the FDA has cleared the ePlex System for market distribution within the United States pursuant to a 510(k) premarket notification submitted by Borrower, thereby permitting market distribution of the ePlex System within the United States.

First Interest Only Extension Conditions. “Initial Performance Covenant Test Date”; “Performance Test Period”; “PDUFA Action Date”; “Second Interest Only Extension Conditions”.

First Interest Only Extension Conditions. Satisfaction of each of the following events: (a) no Default or Event of Default shall have occurred and be continuing; and(b) Agent’s receipt of evidence prior to July 1, 2028, in form and substance reasonably satisfactory to Agent, that the Tranche 2 Milestone has been achieved.

First 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’s achievement of Interest Only Milestone I.

First Interest Only Extension Conditions means (i) no Event of Default shall have occurred and be continuing as of June 30, 2019, (ii) Net Revenue for fiscal 2018 is at least $60,000,000, (ii) Gross Profit for fiscal 2018 is at least $12,300,000, with evidence thereof reasonably acceptable to Collateral Agent having been provided to Collateral Agent not later than July 31, 2019.