Bridge Loan Maturity Date definition

Bridge Loan Maturity Date contained in Section 1.1 of the Credit Agreement is hereby amended to read in its entirety as follows:

Bridge Loan Maturity Date means October 21, 2018.

Bridge Loan Maturity Date means the earlier of (i) November 30, 2006 or (ii) the date upon which Borrower has received at least $5,000,000 in New Equity.

Examples of Bridge Loan Maturity Date in a sentence

• If any of the Bridge Loans have not been previously repaid in full on or prior to the Bridge Loan Maturity Date and no bankruptcy (with respect to the Borrower) event of default then exists, such Bridge Loans shall automatically be extended into senior secured term loans (each an “Extended Term Loan”) due on the date that is seven (7) years after the Closing Date (the “Extended Maturity Date”) having the terms set forth on Annex I hereto.

• Following the Bridge Loan Maturity Date, all outstanding Extended Term Loans will accrue interest at the rate provided for in Annex I hereto, subject to the Total Cap, other than interest accruing at the “Default Rate” described below.

• Under the general terms agreed to between the Company and Xxxxx, in consideration for the 2001/2002 Bridge Loan Maturity Date Extension, the Company would issue common stock purchase warrants to Xxxxx to purchase an aggregate of approximately 1,733,000 shares of the Company's common stock, representing 100,000 shares of the Company's common stock for each $1,000,000 in bridge financing provided under the 2001/2002 Xxxxx Bridge Loans for each 90 days of maturity date extension through January 1, 2003.

• The completion of the transaction contemplated by each of the 2001/2002 Bridge Loan Maturity Date Extension and the 2002 Xxxxx Bridge Loan Commitment is subject to the Company's receipt of the consent of each of Xxxxxx and the holders of the Company's outstanding debentures.

• Prior to the Bridge Loan Maturity Date, the Bridge Loans will accrue interest at a rate per annum equal to Adjusted LIBOR (as defined below), plus 425 basis points (the “Initial Margin”).

More Definitions of Bridge Loan Maturity Date

Bridge Loan Maturity Date means the earliest to occur of (a) receipt by the Borrower or any Project Company of the Government Grant proceeds in respect of the Stetson II Project; (b) the date that is ninety (90) days or, at the sole discretion of the Administrative Agent, up to one hundred twenty (120) days after Commercial Operation; (c) the date on which the entire outstanding principal balance of the Bridge Loans, together with all unpaid interest, fees, charges and costs, become due and payable under the Financing Agreement; and (d) September 1, 2010.

Bridge Loan Maturity Date means the one year anniversary of the Initial Funding Date.

Bridge Loan Maturity Date is, the sooner to occur of (a) five (5) days after the occurrence of the Financing Event, (b) March 31, 2008, or (c) the Borrower’s initial public offering and sale of its Common Stock or other common voting equity securities pursuant to an effective registration statement under the Securities Act of 1933, as amended.”

Bridge Loan Maturity Date is June 30, 2008. Notwithstanding the foregoing, if (a) the Financing Event has occurred, and (b) Borrower elects to extend the payment period pursuant to Section 2.1.1(b), the Bridge Loan Maturity Date shall be October 1, 2010.”

Bridge Loan Maturity Date means, the earliest of (a) Xxxxx 00, 0000, (x) the date the Borrower or any other Loan Party files a voluntary petition for reorganization pursuant to chapter 11 of the Bankruptcy Code, (c) the occurrence of an Event of Default pursuant to Section 8.01(f) and (d) the acceleration of any of the Bridge Loans after the occurrence of an Event of Default pursuant to

Bridge Loan Maturity Date means June 18, 1998.

Bridge Loan Maturity Date means the earlier to occur of (i) twenty (20) Business Days following the Bridge Loan Funding Date, as such date may be accelerated in accordance with the terms of this Agreement, and (ii) the date of funding of the Rubicon Dividend.