Note 1 definition
Examples of Note 1 in a sentence
Any partial reduction of the Guaranteed Loan Commitment Amount shall be applied pro rata between the remaining Note 1 Maximum Principal Amount and the remaining Note 2 Maximum Principal Amount.
Any voluntary prepayments will be applied first to Note 1 (until it is repaid in full) and, thereafter any remaining portion of such voluntary prepayment amount, to Note 2.
The loans extended under the FFB Notes (including Note 1 and Note 2) are referred to herein as the “Guaranteed Loan”.
Section 1.5 of the Loan Agreement is hereby amended and restated to read as follows: “In consideration of the Restructuring and the extension of the Additional Loans documented by the Additional Note #1, Additional Note #2, Additional Note #3 and Additional Note #4, NKGen Bio shall issue and deliver electronically to the Lender, at no cost to the Lender, 13,304,114 shares of Common Stock in accordance with the timeline under Section 1.6.3(a).