Common use of Initial Amount Clause in Contracts

Initial Amount. Simultaneous with the execution hereof and of the -------------- Senior Secured Note, CytRx has made an initial loan of $500,000.00, to be applied in accordance with the attached schedules.

Initial Amount. Simultaneous with the execution hereof and of the -------------- Senior Secured Note, CytRx has made an initial loan of $500,000.00, to be applied in accordance with the attached schedules.