Capitalized Expenditures. Make Capitalized Expenditures in excess of 175% of the amount approved by Borrower’s Board of Directors and set forth in the most recently approved operating plan delivered to Bank in accordance with Section 6.2(iii) hereof.
Appears in 3 contracts
Samples: Loan and Security Agreement (Evelo Biosciences, Inc.), Loan and Security Agreement (Evelo Biosciences, Inc.), Loan and Security Agreement (Evelo Biosciences, Inc.)
Capitalized Expenditures. Make Capitalized Expenditures Expenditures, in the aggregate in any fiscal year of Borrower, in excess of 175% of the amount approved by Borrower’s Board of Directors and set forth in the most recently approved operating plan delivered to Bank in accordance with Section 6.2(iii) hereofof this Agreement.
5) The following defined term is hereby added to Exhibit A to the Agreement, as follows:
Appears in 3 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Rubius Therapeutics, Inc.), Loan and Security Agreement (Rubius Therapeutics, Inc.)
Capitalized Expenditures. Make Capitalized Expenditures in excess of 175% of the amount approved by Borrower’s Board board of Directors directors and set forth in the most recently approved operating plan delivered to Bank in accordance with Section 6.2(iii) hereofBank.
Appears in 1 contract
Samples: Loan and Security Agreement (Omega Therapeutics, Inc.)
