Common use of Repayment Date Clause in Contracts

Repayment Date. Subject to Section 2.1 below, the Borrower shall repay the Lender the outstanding Loan Amount plus all accrued interest (the “Total Loan Amount Repayable”) in two equal installments after the commencement of sales of the Company’s products (the “Commencement Date”) as follows: (i) 3 (three) months following Commencement Date; and (ii) 6 (six) months following the “Commencement Date.”