Examples of Bridge Loan Commitment in a sentence
Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Bridge Loan Commitment hereunder or to prejudice any rights which the Company may have against any Lender as a result of any default by such Lender hereunder.
The Company shall have the right, without premium or penalty, to reduce or terminate the Bridge Loan Commitment of the Lenders hereunder at any time.
The Bridge Loan Commitment hereunder shall terminate on the earlier of (i) immediately after the Closing Date, provided the Bridge Loan has been made, or (ii) 5:00 p.m., New York time, on January 31, 2000.
The unaudited pro forma condensed combined balance sheet reflects the payment of the Bridge Loan Commitment fee of $14.7 million described below and estimated transaction expenses of $28.0 million (see (g)) as a reduction of cash and cash equivalents.
The Bridge Loan Commitment was further reduced as a result of the May 2021 common stock offering, as further described in note 11.