Common use of Tranche 3 Clause in Contracts

Tranche 3. Subject to the terms and conditions of this Agreement, Borrower may request, and the Lenders shall severally (and not jointly) make, in each case, beginning on the Tranche 3 Milestone Date and continuing through the Tranche 3 Commitment End Date, one or more additional Term Loan Advances in minimum increments of Five Million Dollars ($5,000,000) (or if less, the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.2(a)(iii)) in an aggregate principal amount up to Twenty-Five Million Dollars ($25,000,000) (such Term Loan Advances, the “Tranche 3 Advances”).

Tranche 3. Subject to the terms and conditions of this Agreement, Borrower may request, and each Lender shall, during the Lenders shall Tranche 3 Availability Period, severally (and not jointly) make, in each case, beginning on the Tranche 3 Milestone Date and continuing through the Tranche 3 Commitment End Date, make one or more additional Term Loan Advances in minimum increments of Five Million Dollars ($5,000,000) (or if less, the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.2(a)(iii2.2(a)(iv)) in an aggregate principal amount up to Twenty-Five Twenty Million Dollars ($25,000,00020,000,000) (each such Term Loan AdvancesAdvance, a “Tranche 3 Advance” and, collectively, the “Tranche 3 Advances”).