Second Maturity Date definition

Second Maturity Date has the meaning ascribed to such term in Section 2.4(c). “Second Letter Agreement” has the meaning ascribed to such term in the recitals.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Second Maturity Date means , 2021, which date is 24 months from the Closing Date.

Second Maturity Date means the twenty four (24) month anniversary of the Closing Date (or, if such date is not a Business Day, on the Business Day immediately following such date).

Examples of Second Maturity Date in a sentence

Sankyo may, at its option, upon any payment of a milestone payment pursuant to Section 7.3 of the Restated Agreement, elect to change the definition of (x) "First Maturity Date" under the Loan Agreement to "(i) January 10, 2004, or (ii) such earlier date as all of the Obligations shall become due and payable in full", and (y) "Second Maturity Date" under the Loan Agreement to "(i) March 30, 2004, or (ii) such earlier date as all of the Obligations shall become due and payable in full".
The Delayed Draw Term Note Options will expire and be terminated upon the earliest of (x) the date the Borrower provides written notice to the Administrative Agent that it is terminating all and not less than all, of the Delayed Draw Term Note Options, (y) the Delayed Draw Term Notes First Maturity Date and (z) the Delayed Draw Term Notes Second Maturity Date (the earliest of clauses (x), (y) and (z) the “Delayed Draw Term Note Termination Date”).
The Borrower shall pay the 50% of the aggregate principal amount of the Notes on the First Maturity Date, and the remaining principal amount of the Notes on the Second Maturity Date.
If the Borrower is not in default of the terms of this Agreement it may elect to extend the Maturity Date from the First Maturity Date to the Second Maturity Date by giving notice thereof to the Lender, at least 20 days before the First Maturity Date.
If the term of this Note is extended as provided in this subparagraph (b), the entire Principal Balance, together with all interest accrued and unpaid thereon and all other sums due under the Note, shall be due and payable on the Second Maturity Date, unless extended pursuant to Section 2.07(c) next following.

More Definitions of Second Maturity Date

Second Maturity Date means May 25, 2009.

Second Maturity Date means the sixth anniversary of the Closing Date.

Second Maturity Date shall have the meaning set forth in Section 2.2 herein;

Second Maturity Date. The fourth anniversary of the date hereof.

Second Maturity Date is deleted in its entirety and the following is substituted in its place: “Second Maturity Date” means the December 31, 2016.”

Second Maturity Date means the 36th month anniversary of the Closing Date.

Second Maturity Date means the earlier of (a) the five-year anniversary of the Initial Maturity Date and (b) the date upon which the Company achieves a quarter-end cash balance of no less than $50,000,000.

Filter & Search

Related Definitions