In the model, when the simulated death date was reached, the entity left the simulation.
As a result, the Millennium Development Goal target of halving the percentage of the global population without access at that date was reached five years ahead of the 2015 deadline.
Does the investment mix remain the same once the target date is reached?
But in the process, large slabs of old bank notes are still outstanding when the cut-off date is reached.
The United Nations are currently formulating the Sustainable development goals (SDGs), which will replace the Millenium development goals following the latter's target date being reached in 2015.
Beyond that, a sort of expiration date is reached, owing, at least in part, to the fact that the longer one's résumé the more likely it is that one will be whipsawed by past positions and changing values.
Note that once the first call date is reached, a security is callable anytime thereafter at an ever-declining premium.
Convertible notes are thus ticking time bombs: if the maturity date is reached, and there hasn't been a Series A round (triggering the automatic conversion of the notes into shares of preferred stock), there is the potential for disaster.
(ii) what happens if the maturity date is reached prior to the note's conversion to equity? and (iii) what securities laws do founders need to worry about in connection with the issuance of convertible notes?
In The Time Machine, H. G. Wells (1931) described what has become science fiction's paradigmatic conception of a time machine: the intrepid operator fastens her seat belt, dials the target date past or future into the counter, throws a lever, and sits back while time rewinds or fast forwards until the target date is reached.
