Tranche. 3 Advance. Subject to the terms and conditions of this Agreement, beginning on the date Borrower achieves the Performance Milestone and continuing through March 31, 2020, Borrower may request and each Lender shall severally (and not jointly) make in an amount not to exceed its respective Term Commitment an additional Term Loan Advance in an aggregate principal amount of up to Five Million Dollars ($5,000,000) (the “Tranche 3 Advance”).
Appears in 2 contracts
Sources: Loan and Security Agreement, Loan and Security Agreement (Constellation Pharmaceuticals Inc)