Deferrable Amount definition
Examples of Deferrable Amount in a sentence
If C4T elects to make such deferral, C4T shall pay to Roche any such Deferrable Amount within [***] following the Calendar Year in which such overrun occurred; provided that, at any time Roche may elect to deduct such Deferrable Amount from the next Development Event milestone payment payable from Roche to C4T if such event occurs prior to repayment by C4T.
To receive an advance of the unadvanced portion of all or any portion of the Deferrable Amount at any time, the Borrower shall submit a written request to the Lender specifying the amount requested to be advanced, which amount shall be advanced, provided all the conditions to the making of an advance specified herein are satisfied, on the next Business Day following such written request.