Interim Bridge Loan definition

Interim Bridge Loan the loan of (Pounds)1m and further funding to be advanced of (Pounds) 2,050,664 made or to be made by the Purchaser to the Company pursuant to loan documentation in the approved terms;
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Interim Bridge Loan has the meaning specified in Section 2.01.
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Examples of Interim Bridge Loan in a sentence

  • The Commitment of each Lender on the Closing Date shall be automatically and permanently reduced to €0 upon the making by such Lender of the Loans required by its Interim Bridge Loan Commitment to the Borrower pursuant to Section 2.01.

  • This Interim Note and the Holder hereof are entitled to all the benefits provided for in the Interim Bridge Loan and Investment Agreement, or which are referred to therein, pursuant to which this indebtedness was incurred and is to be repaid.

  • Prior to the Interim Bridge Loan Maturity Date, no later than three Business Days following the receipt of any Net Proceeds of any public issuance of Equity Interests or equity contribution to the Borrower (other than equity contributed pursuant to employee stock plans, or equity issued to fund the Transactions), the Borrower shall make prepayments of the Interim Bridge Loans in an aggregate principal amount equal to 100% of such Net Proceeds.

  • To the extent the terms of the Interim Note and the Interim Bridge Loan and Investment Agreement are inconsistent, the terms of this Interim Note shall control.

  • On and after the date of the earlier of the occurrence of a Demand Failure Event and the Interim Bridge Loan Maturity Date, and subject to clause (2) below, the Loans shall bear interest at the Total Cap.

  • This promissory note (the "INTERIM NOTE") is being issued in connection with a placement of Interim Notes and warrants to purchase shares of the Borrower's common stock (the "INTERIM WARRANT") being conducted by the Company to raise up to $300,000 pursuant to the terms of an Interim Bridge Loan and Investment Agreement.

  • This Interim Note has been issued pursuant to and is subject to the terms and provisions of that certain Interim Bridge Loan and Investment Agreement of even date herewith between the Borrower and the Lender, the terms and provisions of which are incorporated herein by reference with the same force and effect as if fully set forth herein.

  • In the event the Interim Bridge Loans are not converted to the Extended Term Loans on the Interim Bridge Loan Maturity Date pursuant to the provisions under Section 2.01(2), the Interim Bridge Loans, together with accrued and unpaid interest shall become due and payable on the Interim Bridge Loan Maturity Date.

  • The provisions of the Interim Bridge Loan and Investment Agreement are incorporated herein by reference with the same force and effect as if fully set forth herein.

  • On and after the Interim Bridge Loan Maturity Date, the outstanding principal amount of Extended Term Loans may, at each Lender’s option, be exchanged into Senior Exchange Notes in accordance with the terms set forth in Section 2.15.