Common use of Lender’s Commitment Clause in Contracts

Lender’s Commitment. 3.1.1 Subject to Clauses 3.4 and 3.5 below, the Lender shall and agrees hereby to make available to the Borrower the Total Loan Facility under the terms of this Loan Agreement, to be drawn down as set out in the Loan Facility Terms and in accordance with Clause 3.2. 3.1.2 The Lender shall not be under any commitment to advance the Loan (or any part thereof) after the Expiry Date or upon the earlier termination of the Loan Facility in accordance with Clause 3.4 or Clause 4.2. 3.1.3 The unutilised portion (if any) of the Loan Facility shall be cancelled after the expiry of the final period for Drawdown as specified in the Loan Facility Terms, whereupon the Total Loan Facility shall be reduced accordingly. 3.1.4 In granting the Loan Facility, the Lender is relying on the representations and warranties contained in Clause 7. 3.1.5 Each Drawdown made under the Loan Facility shall be secured by the Security Documents.

Appears in 2 contracts

Samples: Loan Agreement (MDxHealth SA), Loan Agreement (MDxHealth SA)

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Lender’s Commitment. 3.1.1 Subject to Clauses 3.4 and Clause 3.5 below, the Lender shall and agrees hereby to make available to the Borrower the Total Loan Facility under the terms of this Loan Agreement, to be drawn down as set out in the Loan Facility Terms and in accordance with Clause 3.2. 3.1.2 The Lender shall not be under any commitment to advance the Loan (any Tranche or any part thereof) thereof after the Expiry Date or upon the earlier termination of the Loan Facility in accordance with Clause 3.4 or Clause 4.23.4. 3.1.3 The unutilised portion (if any) of the Loan Facility shall be cancelled after the expiry of the final period for Drawdown as specified in the Loan Facility Terms, whereupon the Total Loan Facility shall be reduced accordingly. 3.1.4 In granting the Loan Facility, Facility the Lender is relying on the representations and warranties contained in Clause 7. 3.1.5 Each Drawdown made under the Loan Facility shall be secured by the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Albireo Pharma, Inc.)

Lender’s Commitment. 3.1.1 Subject to Clauses 3.4 and 3.5 Clause ‎3.5 below, the Lender shall and agrees hereby to make available to the Borrower a loan facility of up to the Total Loan Facility under the terms of this Loan Agreement, to be drawn down as set out in the Loan Facility Terms and in accordance with Clause 3.2‎3.2 before the Expiry Date of the Loan Facility. 3.1.2 The Lender shall not be under any commitment to advance the Loan (any Tranche or any part thereof) thereof after the Expiry Date or upon the earlier termination of the Loan Facility in accordance with Clause 3.4 or Clause 4.2‎3.4. 3.1.3 The unutilised unutilized portion (if any) of the Loan Facility shall be cancelled after the expiry of the final period for Drawdown as specified in the Loan Facility TermsExpiry Date, whereupon the Total Loan Facility shall be reduced accordingly. 3.1.4 In granting the Loan Facility, Facility the Lender is relying on the representations and warranties contained in Clause 7‎7. 3.1.5 Each Drawdown made under the Loan Facility shall be secured by the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Motus GI Holdings, Inc.)

Lender’s Commitment. 3.1.1 Subject to Clauses 3.4 and 3.5 Clause ‎3.5 below, the Lender shall and agrees hereby to make available to the Borrower a loan facility of up to the Total Loan Facility under the terms of this Loan Agreement, to be drawn down as set out in the Loan Facility Terms and in accordance with Clause 3.2‎3.2 before the Expiry Date of the Loan Facility. 3.1.2 The Lender shall not be under any commitment to advance the Loan (any Tranche or any part thereof) thereof after the Expiry Date or upon the earlier termination of the Loan Facility in accordance with Clause 3.4 or Clause 4.2‎3.4. 3.1.3 The unutilised unutilized portion (if any) of the Total Loan Facility shall be cancelled after the expiry of the final period for Drawdown as specified in the Loan Facility TermsExpiry Date, whereupon the Total Loan Facility shall be reduced accordingly. 3.1.4 In granting the Loan Facility, the Lender is relying on the representations and warranties contained in Clause 7‎7. 3.1.5 Each Drawdown made under the Loan Facility shall be secured by the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (PolyPid Ltd.)

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Lender’s Commitment. 3.1.1 Subject to Clauses 3.4 and 3.5 below, the Lender shall and agrees hereby to make available to the Borrower the Total Loan Facility under the terms of this Loan Agreement, to be drawn down as set out in the Loan Facility Terms and in accordance with Clause 3.2. 3.1.2 The Lender shall not be under any commitment to advance the Loan (or any part thereof) after the Expiry Date or upon the earlier termination of the Loan Facility in accordance with Clause 3.4 or Clause 4.2on dates other than those specified in the Loan Facility Terms. 3.1.3 The unutilised portion (if any) of the Loan Facility shall be cancelled after the expiry of the final period for Drawdown as specified in the Loan Facility Terms, whereupon the Total Loan Facility shall be reduced accordingly. 3.1.4 In granting the Loan Facility, the Lender is relying on the representations and warranties contained in Clause 7. 3.1.5 Each Drawdown made under the Loan Facility shall be secured by the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Orphazyme a/S)

Lender’s Commitment. 3.1.1 Subject to Clauses 3.4 and Clause 3.5 below, the Lender shall and agrees hereby to make available to the Borrower the Total Loan Facility under the terms of this Loan Agreement, to be drawn down as set out in the Loan Facility Terms and in accordance with Clause 3.2. 3.1.2 The Lender shall not be under any commitment to advance the Loan (or any part thereof) thereof after the Date of Expiry Date of the Loan Facility or upon the earlier termination of the Loan Facility in accordance with Clause 3.4 or Clause 4.2on any dates other than those specified in the Loan Facility Terms. 3.1.3 The unutilised portion (if any) of the Loan Facility shall be cancelled after the expiry Date of Expiry of the final period for Drawdown as specified in the Loan Facility TermsFacility, whereupon the Total Loan Facility shall be reduced accordingly. 3.1.4 In granting the Loan Facility, Facility the Lender is relying on the representations and warranties contained in Clause 7. 3.1.5 Each Drawdown made under the Loan Facility shall be secured by the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Horizon Pharma, Inc.)

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