Common use of Tranche B Commitment Clause in Contracts

Tranche B Commitment. Subject to the terms and conditions of this Loan Agreement, Lenders agree to advance to Borrowers (the “Tranche B Advances”, and together with the Tranche A Advances, the “Advances”), jointly and severally, from time to time on or prior to October 31, 2008, one or more term loans in an aggregate principal amount of up to Ten Million Dollars ($10,000,000) (the “Tranche B Commitment”).

Appears in 1 contract

Sources: Loan and Security Agreement (Mascoma Corp)

Tranche B Commitment. Subject to the terms and conditions of this Loan Agreement, Lenders agree to advance to Borrowers (the “Tranche B Advances”, and together with the Tranche A Advances and Tranche B Advances, the “Advances”), jointly and severally, from time to time on or prior to October 31, 2008, one or more term loans in an aggregate principal amount of up to Ten Million Dollars ($10,000,000) (the “Tranche B Commitment”).

Appears in 1 contract

Sources: Loan and Security Agreement (Mascoma Corp)