Common use of Discretionary Advance Clause in Contracts

Discretionary Advance. Subject to the terms and conditions of this Agreement and subject to Lender’s approval in its sole and absolute discretion, no later than June 15, 2021, Lender may make a Term Loan Advance in an aggregate principal amount up to $25,000,000 (the “Discretionary Advance”).

Appears in 2 contracts

Samples: Loan and Security Agreement (BridgeBio Pharma, Inc.), Loan and Security Agreement (BridgeBio Pharma, Inc.)

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Discretionary Advance. Subject to the terms and conditions of this Agreement and subject to Lender’s approval in its sole and absolute discretion, no later than June 15, 20212020, Lender may make a Term Loan Advance in an aggregate principal amount up to $25,000,000 (the “Discretionary Advance”).

Appears in 1 contract

Samples: Loan and Security Agreement (BridgeBio Pharma, Inc.)

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Discretionary Advance. Subject to the terms and conditions of this Agreement and subject to Lender’s approval in its sole and absolute discretion, no later than June December 15, 20212023, Lender may make a Term Loan Advance in an aggregate principal amount up to $25,000,000 75,000,000 (the “Discretionary Advance”).

Appears in 1 contract

Samples: Loan and Security Agreement (BridgeBio Pharma, Inc.)

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