Common use of Tranche 2 Clause in Contracts

Tranche 2. Subject to the terms and conditions of this Agreement, Borrower may request, and the Lenders shall severally (and not jointly) make, in each case, following the satisfaction of the Tranche 2 Milestone and on or prior to June 15, 2024, not more than two (2) additional Term Loan Advances in minimum increments of Five Million Dollars ($5,000,000) (or if less, the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.2(a)(ii)) in an aggregate principal amount of up to Ten Million Dollars ($10,000,000) (such Term Loan Advances, the “Tranche 2 Advances”)l.

Tranche 2. Subject to the terms and conditions of this Agreement, Borrower may request, and the Lenders shall severally (and not jointly) make, in each case, following the satisfaction of during the Tranche 2 Milestone and on Availability Period, one or prior to June 15, 2024, not more than two (2) additional Term Loan Advances in minimum increments of Five Million Dollars ($5,000,000) (or if less, the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.2(a)(ii2.2(a)(iii)) in an aggregate principal amount of up to Ten Million Dollars ($10,000,000) (such Term Loan Advances, the “Tranche 2 Advances”)lAdvances”).

Tranche 2. Subject to the terms and conditions of this Agreement, Borrower may request, and the Lenders shall severally (and not jointly) make, in each case, following the satisfaction of beginning on the Tranche 2 Milestone Date and on continuing through the Tranche 2 Commitment End Date, one or prior to June 15, 2024, not more than two (2) additional Term Loan Advances in minimum increments of Five Million Dollars ($5,000,000) (or if less, the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.2(a)(ii)) in an aggregate principal amount of up to Ten Twenty-Five Million Dollars ($10,000,00025,000,000) (such Term Loan Advances, the “Tranche 2 Advances”)lAdvances”).

Tranche 2. Subject to the terms and conditions of this Agreement, Borrower may request, and the Lenders shall severally (and not jointly) make, in each case, following the satisfaction of the 2025 Tranche 2 Milestone and on or prior to June 15, 20242026, not more than two (2) additional 2025 Term Loan Advances in minimum increments of Five Million Dollars ($5,000,000) (or if less, the remaining amount of 2025 Term Loan Advances available to be drawn pursuant to this Section 2.2(a)(ii2.2.1(a)(ii)) in an aggregate principal amount of up to Ten Million Dollars ($10,000,000) (such 2025 Term Loan Advances, the “2025 Tranche 2 Advances”)lAdvances”).