Pay Off. The Parent shall have made arrangements in form and substance satisfactory to Lender to pay in full the Hercules Credit Facility on or prior to the Effective Date from the proceeds of the Loan (net of any original issue discount, fees and expenses), terminate the Hercules Credit Facility and ensure the prompt release of collateral thereunder.
Appears in 2 contracts
Sources: Credit Agreement (Roivant Sciences Ltd.), Credit Agreement (Roivant Sciences Ltd.)