Event of Default Exists. If an Event of Default exists, Borrower hereby irrevocably authorizes Lender to make any and all withdrawals from and transfers between any Reserve Account, as Lender shall determine in Lender’s sole and absolute discretion.
Appears in 2 contracts
Sources: Loan and Security Agreement (Lexicon Pharmaceuticals, Inc.), Loan and Security Agreement (Lexicon Pharmaceuticals, Inc./De)
Event of Default Exists. If an Event of Default existsexists and during the continuance of the same, Borrower hereby irrevocably authorizes Lender to make any and all withdrawals from and transfers between any Reserve Account, as Lender shall determine in Lender’s sole and absolute discretion.
Appears in 1 contract
Sources: Loan and Security Agreement (Alexion Pharmaceuticals Inc)
Event of Default Exists. If an Event of Default exists, Borrower hereby irrevocably authorizes Lender to make any and all withdrawals from and transfers between any Reserve Account, as Lender shall determine in Lender’s 's sole and absolute discretion.
Appears in 1 contract
Sources: Loan and Security Agreement (Lexicon Genetics Inc/Tx)