Common use of Convertible Note Clause in Contracts

Convertible Note. Simultaneously with the execution and delivery of this Agreement, the parties hereto shall enter into a Note Agreement (the "Note Agreement"), dated as of the date hereof, substantially in the form attached as Exhibit C hereto. Under the Note Agreement, Genentech shall loan Lexicon Four Million Dollars (U.S.$4,000,000), on or before December 31, 2002, pursuant to the terms and conditions set forth in such Note Agreement.

Convertible Note. Simultaneously with the execution and delivery of this the Original Agreement, the parties hereto shall enter entered into a Note Agreement (the "Note Agreement"), dated as of the date hereofDecember 17, 2002, substantially in the form attached as Exhibit C hereto. Under the Note Agreement, Genentech shall loan loaned Lexicon Four Million Dollars (U.S.$4,000,000), on or before December 31, 2002, pursuant to the terms and conditions set forth in such Note Agreement.. Effective as of the Second Restatement Date, the Parties have amended the Note Agreement, which Amendment is attached hereto as Exhibit L.