Common use of Aggregate Loan Amount Clause in Contracts

Aggregate Loan Amount. Under the terms of (i) the Existing Loan Agreement, an aggregate principal amount of Existing Loans, together with accrued but unpaid interest and fees, of $32,894,512 is outstanding as of the Closing Date and (ii) under the terms of the Existing Master Lease Agreement, an aggregate principal amount of $1,072,074 is outstanding as of the Closing Date. The Existing Portion and the Existing Lease Balance shall, pursuant to the terms hereof, be consolidated and restructured as a Loan which shall consist of (i) a loan in the aggregate principal amount of $7,000,000 (the "Tranche A Loan") and (ii) a loan in the amount of $2,000,000 (the "Tranche B Loan"). All principal and other amounts included in the Existing Portion and the Existing Lease Balance other than those amounts restructured as the Tranche A Loan and Tranche B Loan, shall, as of the Closing Date, be converted into shares of Convertible Preferred Stock in accordance with, and subject to the terms and conditions of, the Restructuring Agreement and the other Restructuring Transaction Documents.

Aggregate Loan Amount. Under the terms of (i) the Existing Loan Agreement, an aggregate principal amount of Existing Loans, together with accrued but unpaid interest and fees, of $32,894,512 _________________ is outstanding as of the Closing Date and (ii) under the terms of the Existing Master Lease Agreement, an aggregate principal amount of $1,072,074 $ is outstanding as of the Closing Date. The Existing Portion and the Existing Lease Balance shall, pursuant to the terms hereof, be consolidated and restructured as a Loan which shall consist of (i) a loan in the aggregate principal amount of $7,000,000 (the "Tranche A Loan") and (ii) a loan in the amount of $2,000,000 (the "Tranche B Loan"). All principal and other amounts included in the Existing Portion and the Existing Lease Balance other than those amounts restructured as the Tranche A Loan and Tranche B Loan, shall, as of the Closing Date, be converted into shares of Convertible Preferred Stock in accordance with, and subject to the terms and conditions of, the Restructuring Agreement and the other Restructuring Transaction Documents.