Fourth Draw Period is the period commencing on the date of the occurrence of the Second Revenue Event and ending on the earliest of (i) June 30, 2021, (ii) the date that is sixty (60) days immediately after the occurrence of the Second Revenue Event and (iii) the occurrence of an Event of Default; provided, however, that the Fourth Draw Period shall not commence if on the date of the occurrence of the Second Revenue Event an Event of Default has occurred and is continuing.
Fourth Draw Period is the period commencing on the date occurring on or after the Second Amendment Effective Date in which Borrower satisfies the Fourth Draw Conditions and ending on the Third Amendment Effective Date.
Fourth Draw Period is the period commencing on later of (i) the date of the occurrence of the Third Equity Event, (ii) November 1, 2016 and the (iii) Funding Date of Term C Loans, and ending on the earlier of (i) Xxxxx 00, 0000, (xx) thirty (30) days after the date of the occurrence of the Third Equity Event and (iii) the occurrence of an Event of Default (unless such Event of Default is cured or waived to the satisfaction of the Collateral Agent and the Required Lenders for the purposes of the continuation of the Fourth Draw Period); provided, however, that the Fourth Draw Period shall not commence if on the date of the occurrence of the Third Equity Event an Event of Default has occurred and is continuing.
Examples of Fourth Draw Period in a sentence
Amount Fourth Draw Period Milestone [***] Fifth Draw Period Milestone [***] [***] Certain confidential information contained in this document, marked by brackets, has been omitted because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.
Subject to the terms and conditions of this Agreement, Borrower may request a Term Loan Advance: (i) one (1) time during the Third Draw Period, in the principal amount of Five Million Dollars ($5,000,000.00), and (ii) one (1) time during the Fourth Draw Period, in the principal amount of Five Million Dollars ($5,000,000.00), provided that no Lender shall be required to make a Term Loan Advance exceeding its Term Loan Commitment with respect to any above date or draw period.
More Definitions of Fourth Draw Period
Fourth Draw Period is the period commencing on December 1, 2016 and ending on the earlier of (i) December 22, 2016 and (ii) the occurrence of an Event of Default (unless such Event of Default is cured or waived to the satisfaction of the Collateral Agent and the Required Lenders for the purposes of the continuation of the Fourth Draw Period).
Fourth Draw Period is the period commencing on the Fourth Amendment Effective Date and ending on the earlier of (i) November 16, 2020, and (ii) the occurrence of an Event of Default.
Fourth Draw Period is the period commencing on approval by each Lender’s credit committee in its sole discretion and ending on the Maturity Date.
Fourth Draw Period is the period commencing on the date of the occurrence of the Fourth Draw Period Revenue Event and ending on the earliest of (i) thirty (30) days following the occurrence of the Fourth Draw Period Revenue Event, (ii) (A) prior to the occurrence of a Second Amendment Equity Event, October 31, 2017 and (B) following the occurrence of a Second Amendment Equity Event, January 31, 2018 and (iii) the occurrence of an Event of Default; provided, however, that the Fourth Draw Period shall not commence if on the date of the occurrence of the Fourth Draw Period Revenue Event an Event of Default has occurred and is continuing.
Fourth Draw Period is the period commencing on the later of (i) February 15, 2026 and (ii) the date of occurrence of the Fourth Draw Period Commencement Event and ending on the earlier of (i) May 15, 2026 and (ii) the occurrence of an Event of Default; provided, however, the Fourth Draw Period shall not commence if on the date of occurrence of the Fourth Draw Period Commencement Event, an Event of Default has occurred and is continuing.
Fourth Draw Period is the period commencing on July 1, 2021 and ending on the earlier of (i) September 30, 2021 and (ii) the occurrence of an Event of Default (unless such Event of Default has been waived in writing by Collateral Agent and the Required Lenders in their sole discretion); provided, however, that the Fourth Draw Period shall not commence if on July 1, 2021 an Event of Default has occurred and is continuing (unless such Event of Default has been waived in writing by Collateral Agent and the Required Lenders in their sole discretion).
Fourth Draw Period is, the period commencing on the date Borrower has received (a) Inpefa FDA Approval and (b) actual trailing six (6) month Inpefa net product revenue (excluding any collaboration or royalty revenue) of at least [**] and ending on the earliest of (i) the occurrence of an Event of Default; (ii) thirty (30) days after the commencement of the draw period; and (iii) April 15, 2025. As of the Fourth Amendment Effective Date, Lenders acknowledge Borrower’s receipt of Inpefa FDA Approval.