Common use of 4Subsequent Advance Under the Note Clause in Contracts

4Subsequent Advance Under the Note. Within 10 business days following the Effective Date, the Investor shall make one or more additional advances to the Company under the Note (“Additional Advances” and together with the Initial Advance, each, an “Advance”) in an amount of an additional $500,000 in the aggregate. All Additional Advances shall be made on the terms and conditions set forth in this Agreement, and the representations and warranties of the Company set forth in Section 2 hereof shall speak as of the Closing Date and the date of each Additional Advance. The obligation of the Investor to make an Additional Advance shall be subject to the satisfaction by the Company of all conditions to closing set forth in Section 4 as of the date of such Additional Advance.