SUBSEQUENT DRAWDOWN REQUESTS Sample Clauses
SUBSEQUENT DRAWDOWN REQUESTS. Amounts loaned to the Company by Lender pursuant to this Agreement, beyond the initial loan by Lender to the Company pursuant to this Agreement evidenced by the Initial Bridge Note, will be made only in response to a written request of the Company to Lender therefor (each such request referred to herein as a "DRAWDOWN REQUEST"). Each Drawdown Request will (i) be given at least five (5) business days (defined as a day when U.S. national banks are open for business) prior to the date upon which such funds are requested, and (ii) be for a minimum of one hundred thousand dollars ($100,000.00) or such lesser amount as is available after subtracting, from the one million dollar ($1,000,000.00) maximum aggregate principal amount limit set forth in Section 1 hereof, the aggregate principal amount of all then-outstanding Bridge Notes.
