Common use of Financial Covenants Required Actual Complies Clause in Contracts

Financial Covenants Required Actual Complies. Borrower has: Definitive agreement and closed and funded by April 30, 2019 for: (a) milestone or up-front payments in the aggregate amount of at least $4,000,000 and (b) securing at least 1 new pharmaceutical partnership Yes No

Financial Covenants Required Actual Complies. Borrower has: Definitive agreement by February 28, 2019 and closed and funded by April 3015, 2019 for: (a) milestone or up-front payments in the aggregate amount of at least $4,000,000 and (b) securing at least 1 new pharmaceutical partnership Yes No