Common use of Conditions to Second Borrowing Clause in Contracts

Conditions to Second Borrowing. The obligation of each Lender to make a Loan as part of a second Borrowing is subject to the following conditions precedent (and for avoidance of doubt, this Section 6.02 shall not apply to any PIK Loan):

Appears in 2 contracts

Sources: Term Loan Agreement (TearLab Corp), Term Loan Agreement (TearLab Corp)