Loan E definition
Examples of Loan E in a sentence
Borrower shall have executed and delivered to Lender the Additional Warrants applicable to each of Loan E and Loan F.
Borrower shall have duly executed and delivered a Note in the amount of each of Loan E and Loan F to Lender.
Borrower shall have, during the twelve (12) month period ending as of the last day of the month immediately preceding the Funding Date of Loan E and Loan F, achieved revenue (as determined in accordance with GAAP) in an amount not less than Twenty Million Dollars ($20,000,000).
In the event Loan E is advanced, Borrower shall pay to Lender a payment in the amount of One Hundred Thirty-One Thousand Two Hundred Fifty Dollars ($131,250) (the “Loan E Final Payment”) upon the earlier of (A) payment in full of the principal balance of Loan E, (B) an Event of Default that has occurred has not been waived or cured in accordance with the terms of this Agreement and demand by Lender of payment in full of Loan E or (C) the Maturity Date, as applicable.