Tranche. 1 Advance. Subject to the terms and conditions of this Agreement, on the Closing Date, the Lenders shall severally (and not jointly) make in an amount not to exceed their respective Term Commitments, and ▇▇▇▇▇▇▇▇ agrees to draw, a Term Loan Advance in an aggregate principal amount equal to Fifty Million Dollars ($50,000,000) (the “Tranche 1 Advance”).
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Sources: Loan and Security Agreement (Madrigal Pharmaceuticals, Inc.)
Tranche. 1 Advance. Subject to the terms and conditions of this Agreement, on the Closing Date, the Lenders shall severally (and not jointly) make in an amount not to exceed their respective Term Commitmentsmake, and ▇▇▇▇▇▇▇▇ agrees to draw, a an initial Term Loan Advance in an aggregate principal amount equal to Fifty not less than Thirty Million Dollars ($50,000,00030,000,000); provided, that the aggregate amount of Term Loan Advances made under this Section 2.2(a) shall not exceed $30,000,000 (the such Term Loan Advance, a “Tranche 1 Advance”).”
Appears in 1 contract
Sources: Loan and Security Agreement (Replimune Group, Inc.)
Tranche. 1 Advance. Subject to the terms and conditions of this Agreement, on the Closing Date, the Lenders shall severally (and not jointly) make make, in an amount not to exceed their respective Term Commitments, and ▇▇▇▇▇▇▇▇ Borrower agrees to draw, a Term Loan Advance in an aggregate principal amount equal to Fifty Twenty-Five Million Dollars ($50,000,00025,000,000) (the “Tranche 1 Advance”).
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