New Target definition
Examples of New Target in a sentence
The proceeds of the New Pinnacle Term Loans, together with proceeds from the New Target Term B Loans and proceeds from either the Acquisitions Holdings Notes or the Acquisition Holdings Bridge Facility, shall be used to fund the Acquisition and to pay transaction fees and expenses and the working capital and general corporate purposes of Pinnacle and its subsidiaries after the Acquisition Closing Date.
In addition, the commitments and undertakings of the Commitment Parties with respect to (i) the New Target Credit Facilities will automatically terminate upon the effectiveness of the Target Credit Agreement Amendment, (ii) the New Pinnacle Credit Facilities will automatically terminate upon the effectiveness of the Pinnacle Credit Agreement Amendment and (iii) the Target Bridge Facility will automatically terminate upon the effectiveness of the Note Consent.
Merck shall have the right to [ * ] for the identification and/or development of compounds relating to such New Target by delivering to Tularik within [ * ] of Tularik's disclosure of the New Target Assay, [ * ].
Within thirty (30) days of receipt of the New Target Notice, Ambrx shall provide written notice to Agensys that such new Research Stage Target may proceed as part of the Research Program.
As consideration for the Additional Commitment Party’s agreements under this Commitment Joinder Letter with respect to the New Target Term B Loans and the New Target Credit Facilities, the Additional Commitment Party shall be treated as if it were an Initial Target Credit Agreement Lender under the Fee Letter and it shall directly benefit from the provisions thereof.