Common use of Repayment on an Event of Default Clause in Contracts

Repayment on an Event of Default. If Wellcome requires repayment of the Loan and Accrued Interest on the occurrence of an Event of Default, the Loan and Accrued Interest shall be repayable in full within twenty (20) Business Days of the date on which Wellcome notifies the Company that repayment is required pursuant to Clause 9.2(b).

Appears in 2 contracts

Sources: Convertible Loan Agreement (Alto Neuroscience, Inc.), Convertible Loan Agreement