Tranche 1 Advance. Subject to the terms and conditions of this Agreement, the Lenders will severally (and not jointly) make in an amount not to exceed their respective Term Commitments, and Borrowers agree to draw, a Term Loan Advance in principal amount of Fifteen Million Dollars ($15,000,000) on the Closing Date (the “Tranche 1 Advance”).
Appears in 1 contract
Sources: Loan and Security Agreement (Proteostasis Therapeutics, Inc.)
Tranche 1 Advance. Subject to the terms and conditions of this Agreement, on the Closing Date, Lenders will severally (and not jointly) make in an amount not to exceed their respective Term Commitmentsmake, and Borrowers agree Bo▇▇▇▇▇▇ ▇grees to draw, a Term Loan Advance in an aggregate principal amount of Fifteen Million Dollars ($15,000,000) on the Closing Date (such Term Loan Advance, the “Tranche 1 Advance”).
Appears in 1 contract