Common use of Certain Additional Defined Terms Clause in Contracts

Certain Additional Defined Terms. The following terms are defined in the Sections or subsections referenced opposite such terms: Defined Term Section “Agent” Preamble “Assignee” 11.13 “Borrower” Preamble “Claims” 11.10 “Collateral” 3.1 “Confidential Information” 11.12 “End of Term Charge” 2.5 “Event of Default” 9 “Financial Statements” 7.1 “Lender” Preamble “Maximum Rate” 2.2 “Prepayment Charge” 2.4 “Publicity Materials” 11.18 “Register” 11.7 “Rights to Payment” 1.1 “SBA” 7.16 “SBIC” 7.16 “SBIC Act” 7.16 Unless otherwise specified, all references in this Agreement or any Annex or Schedule hereto to a “Section,” “subsection,” “Exhibit,” “Annex,” or “Schedule” shall refer to the corresponding Section, subsection, Exhibit, Annex, or Schedule in or to this Agreement. Unless otherwise specifically provided herein, any accounting term used in this Agreement or the other Loan Documents shall have the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance with GAAP, consistently applied. Unless otherwise defined herein or in the other Loan Documents, terms that are used herein or in the other Loan Documents and defined in the UCC shall have the meanings given to them in the UCC. For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. For the avoidance of doubt, and without limitation of the foregoing, Permitted Convertible Debt shall at all times be valued at the full stated principal amount thereof and shall not include any reduction or appreciation in value of the shares deliverable upon conversion thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Seres Therapeutics, Inc.)

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Certain Additional Defined Terms. The following terms are defined in the Sections or subsections referenced opposite such terms: Defined Term Section “Agent” Preamble “Assignee” 11.13 “Borrower” Preamble “Claims” 11.10 “Collateral” 3.1 “Confidential Information” 11.12 “End of Term Charge” 2.5 “Event of Default” 9 “Financial Statements” 7.1 “LenderLenders” Preamble “Maximum Rate” 2.2 “Performance Covenant Cure” 7.20 “Prepayment Charge” 2.4 “Publicity Materials” 11.18 “Register” 11.7 “Rights to Payment” 1.1 “SBA” 7.16 “SBIC” 7.16 “SBIC Act” 7.16 Unless otherwise specified, all references in this Agreement or any Annex or Schedule hereto to a “Section,” “subsection,” “Exhibit,” “Annex,” or “Schedule” shall refer to the corresponding Section, subsection, Exhibit, Annex, or Schedule in or to this Agreement. Unless otherwise specifically provided herein, any accounting term used in this Agreement or the other Loan Documents shall have the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance with GAAP, consistently applied. Unless otherwise defined herein or in the other Loan Documents, terms that are used herein or in the other Loan Documents and defined in the UCC shall have the meanings given to them in the UCC. For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. For the avoidance of doubt, and without limitation of the foregoing, Permitted Convertible Debt shall at all times be valued at the full stated principal amount thereof and shall not include any reduction or appreciation in value of the shares deliverable upon conversion thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Phathom Pharmaceuticals, Inc.)

Certain Additional Defined Terms. The following terms are defined in the Sections or subsections referenced opposite such terms: Defined Term Section “Agent” Preamble “Assignee” 11.13 11.14 “Borrower” Preamble “Claims” 11.10 11.11(a) “Collateral” 3.1 “Confidential Information” 11.12 11.13 “End of Term Charge” 2.5 “Event of Default” 9 “Financial Statements” 7.1 “LenderIndemnified Person” 6.3 “Lenders” Preamble “Liabilities” 6.3 “Maximum Rate” 2.2 “Participant Register” 11.8 “Prepayment Charge” 2.4 “Publicity Materials” 11.18 11.19 “Qualified Equity Raise” 7.7 “Qualified Equity Raise Net Proceeds” 1.1 “Register” 11.7 “Rights to Payment” 1.1 “SBA” 7.16 “SBIC” 7.16 “SBIC Act” 7.16 “Tranche I Advance” 2.1(a)(i) “Tranche II Advance” 2.1(a)(ii) “Tranche III Advance” 2.1(a)(iii) Unless otherwise specified, all references in this Agreement or any Annex or Schedule hereto to a “Section,” “subsection,” “Exhibit,” “Annex,” or “Schedule” shall refer to the corresponding Section, subsection, Exhibit, Annex, or Schedule in or to this Agreement. Unless otherwise specifically provided herein, any accounting term used in this Agreement or the other Loan Documents shall have the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance with GAAP, consistently applied. Unless otherwise defined herein or in the other Loan Documents, terms that are used herein or in the other Loan Documents and defined in the UCC shall have the meanings given to them in the UCC. For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. For the avoidance of doubt, and without limitation of the foregoing, Permitted Convertible Debt shall at all times be valued at the full stated principal amount thereof and shall not include any reduction or appreciation in value of the shares deliverable upon conversion thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (HilleVax, Inc.)

Certain Additional Defined Terms. The following terms are defined in the Sections or subsections referenced opposite such terms: Defined Term Section “Agent” Act 8.1 Agent Preamble “Assignee” Assignee 11.14 Borrower Preamble Claims 11.11 Collateral 3.1 Confidential Information 11.13 “Borrower” Preamble “Claims” 11.10 “Collateral” 3.1 “Confidential Information” 11.12 “End of Term Charge” 2.5 “Charge 2.5(b) Event of Default” Default 9 Financial Statements” Statements 7.1 “Lender” Indemnified Person 6.3 Lenders Preamble Liabilities 6.3 Maximum Rate” 2.2 “Rate 2.3 Prepayment Charge” Charge 2.4 Publicity Materials” Materials 11.18 “Register” Register 11.7 Rights to Payment” 1.1 “SBA” 7.16 “SBIC” 7.16 “SBIC Act” 7.16 Payment 3.1 Unless otherwise specified, all references in this Agreement or any Annex or Schedule hereto to a “Section,” “subsection,” “Exhibit,” “Annex,” or “Schedule” shall refer to the corresponding Section, subsection, Exhibit, Annex, or Schedule in or to this Agreement. Unless otherwise specifically provided herein, any accounting term used in this Agreement or the other Loan Documents shall have the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance with GAAP, consistently applied. Unless otherwise defined herein or in the other Loan Documents, terms that are used herein or in the other Loan Documents and defined in the UCC shall have the meanings given to them in the UCC. For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time. [***] Portions of this exhibit (indicated by asterisks) have been omitted pursuant to Regulation S-K, Item 601(b)(10) and Item 601(a)(5). Notwithstanding anything to the contrary in this Agreement or any other Loan Document, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. For the avoidance of doubt, and without limitation of the foregoing, Permitted Convertible Debt shall at all times be valued at the full stated principal amount thereof and shall not include any reduction or appreciation in value of the shares deliverable upon conversion thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Unity Biotechnology, Inc.)

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Certain Additional Defined Terms. The following terms are defined in the Sections or subsections referenced opposite such terms: Certain information has been omitted from this Exhibit 10.1 because it is both (i) not material and (ii) would likely cause competitive harm to the Company, if publicly disclosed. Double asterisks [**] denote omissions. Defined Term Section “Agent” Preamble “Assignee” 11.13 11.14 “Borrower” Preamble “Claims” 11.10 11.11 “Collateral” 3.1 “Confidential Information” 11.12 11.13 “End of Term Charge” 2.5 “Event of Default” 9 “Financial Statements” 7.1 “LenderIndemnified Person” 6.3 “Lenders” Preamble “Liabilities” 6.3 “Maximum Rate” 2.2 “Open Source License” 5.10(p) “Participant Register” 11.8 “Prepayment Charge” 2.4 “Publicity Materials” 11.18 11.19 “Register” 11.7 “Rights to Payment” 1.1 3.1 “SBA” 7.16 “SBIC” 7.16 “SBIC Act” 7.16 “Specified Disputes” 5.10(g) “Third Party IP” 5.10(i) Unless otherwise specified, all references in this Agreement or any Annex or Schedule hereto to a “Section,” “subsection,” “Exhibit,” “Annex,” or “Schedule” shall refer to the corresponding Section, subsection, Exhibit, Annex, or Schedule in or to this Agreement. Unless otherwise specifically provided herein, any accounting term used in this Agreement or the other Loan Documents shall have the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance with GAAP, consistently applied. Unless otherwise defined herein or in the other Loan Documents, terms that are used herein or in the other Loan Documents and defined in the UCC shall have the meanings given to them in the UCC. For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at Certain information has been omitted from this Exhibit 10.1 because it is both (i) not material and (ii) would likely cause competitive harm to the Company, if publicly disclosed. Double asterisks [**] denote omissions. all times be valued at the full stated principal amount thereof. For the avoidance of doubt, and without limitation of the foregoing, Permitted Convertible Debt shall at all times be valued at the full stated principal amount thereof and shall not include any reduction or appreciation in value of the shares deliverable upon conversion thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Gritstone Bio, Inc.)

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