Definition of Term B Draw Period


Term B Draw Period means the period of time commencing upon the Closing Date, and continuing through the earliest to occur of (a) December 20, 2017, (b) the date that is ninety (90) days after the occurrence of the Milestone Event, or (c) an Event of Default.

Examples of Term B Draw Period in a sentence

During the Term B Draw Period, Bank shall make up to two (2) additional term loans available to Borrower in an aggregate amount up to Ten Million Dollars ($10,000,000) (each a Term B Loan and collectively, the Term B Loans, and together with the Term A Loan, each a Term Loan and collectively, the Term Loans), provided that the first Term B Loan shall be in amount equal to at least Five Million Dollars ($5,000,000).
Subject to the terms and conditions of this Agreement, during the Term B Draw Period, Bank shall make one (1) advance (the Term B Loan Advance) available to Borrower in an amount of up to Two Million Dollars ($2,000,000.00).
Subject to the terms and conditions of this Agreement, during the Term B Draw Period, Bank shall make one (1) advance (the "Term B Loan Advance") available to Borrower in an amount of up to Four Million Dollars ($4,000,000.00).
During the Term B Draw Period, Bank shall make an additional term loan available to Borrower in an amount equal to Ten Million Dollars ($10,000,000) (the Term B Loan, and together with the Term A Loan, each a Term Loan and collectively, the Term Loans).