Success Fee. Upon the occurrence of a Liquidity Event, a one-time success fee equal to $400,000 (the “Success Fee Amount”). This Section 2.5(b) shall survive any termination of this Agreement. 4) Section 6.10 of the Agreement is hereby amended and restated, as follows:
Appears in 2 contracts
Sources: Loan and Security Agreement (Liquidia Technologies Inc), Loan and Security Agreement (Liquidia Technologies Inc)
Success Fee. Upon the occurrence of a Liquidity Event, a one-time success fee equal to $400,000 (the “Success Fee Amount”)100,000, which shall be nonrefundable. This Section 2.5(b) shall survive any termination of this Agreement.
4) Section 6.10 of the Agreement is hereby amended and restated, as follows:
Appears in 2 contracts
Sources: Loan and Security Agreement (Liquidia Technologies Inc), Loan and Security Agreement (Liquidia Technologies Inc)
Success Fee. Upon the occurrence of a Liquidity EventEvent or Change in Control, a one-one- time success fee equal to $400,000 (the “Success Fee Amount”)150,000. This Section 2.5(b2.5(d) shall survive any termination of this Agreement.
4) Section 6.10 of the Agreement is hereby amended and restated, as follows:
Appears in 2 contracts
Sources: Loan and Security Agreement (Casper Sleep Inc.), Loan and Security Agreement (Casper Sleep Inc.)
Success Fee. Upon the occurrence of a Liquidity Event, a one-time success fee equal to $400,000 (the “Success Fee Amount”)175,000. This Section 2.5(b2.5(c) shall survive any termination of this Agreement.
4) Section 6.10 of the Agreement is hereby amended and restated, as follows:
Appears in 1 contract
Success Fee. Upon the occurrence of a Liquidity Event, a one-time success fee equal to of $400,000 (the “Success Fee Amount”)300,000. This Section 2.5(b2.5(d) shall survive any the termination of this Agreement.
4) Section 6.10 of the Agreement is hereby amended and restated, as follows:
Appears in 1 contract
Sources: Loan and Security Agreement (Kaleido Biosciences, Inc.)