Common use of RIGHT TO INVEST Clause in Contracts

RIGHT TO INVEST. 8.1 Lender or its assignee or nominee shall have the right, in its discretion, to participate in the Subsequent Financing in an amount of up to One Million Five Hundred Thousand Dollars ($1,500,000) on the same terms, conditions and pricing afforded to others participating in the Subsequent Financing. This Section 8.1, and all rights and obligations hereunder, shall survive for so long this Agreement remains in effect.

Appears in 3 contracts

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

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RIGHT TO INVEST. 8.1 Lender or its assignee or nominee shall have the right, in its discretion, to participate in the any Subsequent Financing in an amount of up to One Million Five Hundred Thousand Dollars ($1,500,0001,000,000) on the same terms, conditions and pricing afforded to others participating in the any such Subsequent Financing. This Section 8.1, and all rights and obligations hereunder, shall survive for so long this Agreement remains in effectthe repayment of indebtedness under, and otherwise shall survive the expiration or other termination of, the Loan Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (RedBall Acquisition Corp.), Loan and Security Agreement (RedBall Acquisition Corp.), Loan and Security Agreement (Phaserx, Inc.)

RIGHT TO INVEST. 8.1 Lender or its assignee or nominee shall have the right, in its discretion, to participate in the any Subsequent Financing in an amount of up to One Million Five Hundred Thousand Dollars ($1,500,000) 2,000,000 on the same terms, conditions and pricing afforded to others participating in the any such Subsequent Financing. This Section 8.18, and all rights and obligations hereunder, shall survive for so long this Agreement remains in effectthe repayment of indebtedness under, and otherwise shall survive the expiration or other termination of, the Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Transenterix Inc.)

RIGHT TO INVEST. 8.1 Lender or its assignee or nominee shall have the right, in its discretion, to participate in the any Subsequent Financing in an amount of up to One Million Five Hundred Thousand Dollars ($1,500,000) 1,000,000 on the same terms, conditions and pricing afforded to others participating in the any such Subsequent Financing. This Section 8.1, and all rights and obligations hereunder, shall survive for so long the repayment of indebtedness under, and otherwise shall survive the expiration or other termination of, this Agreement remains in effectAgreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Motif Bio PLC)

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RIGHT TO INVEST. 8.1 Lender or its assignee or nominee shall have the right, in its discretion, to participate in the any Subsequent Financing in an amount of up to One Million Five Hundred Thousand Dollars ($1,500,000) on the same terms, conditions and pricing afforded to others participating in the any such Subsequent Financing. This Section 8.1, and all rights and obligations hereunder, shall survive for so long this Agreement remains in effectthe repayment of indebtedness under, and otherwise shall survive the expiration or other termination of, the Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Auris Medical Holding AG)

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