Definition of Term C Draw Period

  1. Term C Draw Period means the period of time commencing upon the occurrence of each of (a) the Milestone Event and (b) Lender making both the Term A Loan Advance and the Term B Loan Advance, 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 C Draw Period in a sentence

  1. Subject to the terms and conditions of this Agreement, during the Term C Draw Period, Bank shall make one (1) advance (the Term C Loan Advance) available to Borrower in an amount of up to Two Million Dollars ($2,000,000.00).

Definition of Term C Draw Period in Loan and Security Agreement

Term C Draw Period means the period of time commencing upon the occurrence of each of (a) the Milestone Event and (b) Lender making both the Term A Loan Advance and the Term B Loan Advance, 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.