Closing Proceeds Sample Clauses

Closing Proceeds. The Closing Proceeds shall equal or exceed $50,000,000.

Closing Proceeds. Each of Sprout, Venrock and Oxford shall have delivered its applicable Aggregate Purchase Price to the Company; provided, however, this condition shall only be deemed to have failed if the reason any such Investor fails to deliver its applicable Aggregate Purchase Price is due solely to a Force Majeure Event.

Closing Proceeds. Each of Oxford, Sprout and Venrock shall have delivered its applicable Purchase Price to the Company.

Closing Proceeds. Payment of the Closing Proceeds in accordance with Section 3.1(c) hereof.

Closing Proceeds. The Closing Proceeds shall equal or exceed $40,000,000.

Closing Proceeds. All proceeds of the Sony Sale paid at the closing thereof shall be paid directly to the Administrative Agent and applied as follows : (1) $18,000,000 shall be paid by the Borrower to the Administrative Agent for the benefit of the Lenders as a repayment of the principal of the Term Loan in accordance with Section 2.2(b) hereof, (2) to the extent the purchase price of the Sony Sale exceeds $25,000,000, the Borrower shall pay to the Administrative Agent for the benefit of the Lenders any proceeds in excess of $25,000,000 as a repayment of the Term Loan on a pro rata basis across the remaining principal payments set forth in Section 2.2(b) (with any excess to be applied in the order specified in Section 2.7(b)(vi)(B) hereof), (3) payment in full of the outstanding Revolving Loans (with a corresponding reduction in and cancellation of the Revolving Commitment), and (4) the remainder, together with all cash maintained by the Borrower at such time (which shall include any cash received from one or more of the Euro Borrowers which is currently anticipated to be 5 million Euros) shall be paid by the Borrower to the Administrative Agent, which shall be held and disbursed in accordance with Section 2.21(b) hereof.