Common use of Amount and Terms of the Loan Clause in Contracts

Amount and Terms of the Loan. Subject to the terms of this Agreement: 2.1 the Purchaser covenants and agrees to lend to the Company the Loans; and 2.2 the Company agrees to issue to the Purchaser a Note in the principal amount of each applicable Loan as set out in this Agreement. The Loan Amount shall be paid by the Purchaser to the Company in two tranches upon the closing dates as set forth in Section 4 below.

Amount and Terms of the Loan. Subject to the terms of this Agreement: 2.1 the Purchaser covenants and agrees to lend to the Company the LoansLoan; and 2.2 the Company agrees to issue to the Purchaser a Note in the principal amount of each applicable Loan Amount as set out in this Agreement. The Loan Amount shall be paid by the Purchaser to the Company in two tranches upon the closing dates as set forth in Section 4 below.