Loans from JT Sample Clauses

Loans from JT. JT will make available to Tularik, under and subject to certain additional terms and conditions as provided in a loan agreement to be executed by the Parties on the Execution Date ("Loan Agreement"), an irrevocable loan commitment to finance an aggregate amount of up to $20 million (the "Aggregate Commitment"); provided, however, JT shall not be required to finance any portion of Aggregate Commitment that has not previously been disbursed in the event this Agreement terminates pursuant to Article 13 hereof. The Aggregate Commitment shall be used by Tularik to finance the portion of Development Costs to be borne by Tularik for [*] (or equivalent) pursuant to this Agreement [*], commencing with the initiation of [*] (or equivalent)(the "Eligible Development Costs"). Such Aggregate Commitment may be drawn in multiple disbursements in amounts ("Amounts Drawn") and at times ("Funding Dates") requested by Tularik to: (i) pay for those Eligible Development Costs that are payable within [*] as estimated by the Development Budget; and (ii) reimburse JT for [*] and payable by Tularik pursuant to Section [*]; provided, -------- however, that [*] of such Aggregate Commitment may be Amounts Drawn to finance -------- [*] Lead Compound [*]; provided further that in no event may there be -------- ------- Amounts Drawn on [*] Collaboration Lead [*]. Loans made by JT to Tularik pursuant to such Loan Agreement for a Collaboration Lead Compound or resulting Product shall provide for [*] of Amounts Drawn on such Collaboration Lead [*], and interest accrued on such Amounts Drawn, over a five-year period ("Repayment Dates") commencing on [*] of the first to occur of: (i) the first sale of the Product resulting from such Collaboration Lead Compound; or (ii) a [*] the JDC to [*] such Collaboration Lead Compound or resulting Product. Interest on Amounts Drawn shall accrue from the Funding Dates to the Repayment Dates and shall equal (i) the sum of the then-prevailing 5-year: (A) [*]; and (B) [*]; divided by (ii) [*]. In addition, Tularik's Share of Co-Promotion Profit and the Royalty Rate for [*] for which Tularik shall have Amounts Drawn pursuant to the Loan Agreement shall [*]. In addition to the foregoing, during the [*] period immediately following the receipt by the Parties of executed reports covering all aspects of [*] on a Product, JT and Tularik shall negotiate in good faith the terms and conditions under which JT may [*] the Aggregate Commitment, and the definition of Eli...
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Related to Loans from JT

  • Loans From Members Loans by Members to the Company shall not be considered Capital Contributions. Subject to the provisions of Section 3.01(c), the amount of any such advances shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such advances are made.

  • Loans from Affiliates If any loans are made to the Company by an Affiliate of the Advisor, the maximum amount of interest that may be charged by such Affiliate shall be the lesser of (i) 1% above the prime rate of interest charged from time to time by The Bank of New York and (ii) the rate that would be charged to the Company by unrelated lending institutions on comparable loans for the same purpose. The terms of any such loans shall be no less favorable than the terms available between non-Affiliated Persons for similar commercial loans.

  • Loans from Partners Loans by a Partner to the Partnership shall not constitute Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by it to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made.

  • Loans; Investments Make or suffer to exist any loans, guaranties, advances, or investments, except:

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Loans, Advances, Investments, Etc Make or commit or agree to make, or permit any of its Subsidiaries make or commit or agree to make, any Investment in any other Person except for Permitted Investments.

  • Loans, Investments, Etc Each Borrower and Guarantor shall not, and shall not permit any Subsidiary to, directly or indirectly, make any loans or advance money or property to any person, or invest in (by capital contribution, dividend or otherwise) or purchase or repurchase the Capital Stock or Indebtedness or all or a substantial part of the assets or property of any person, or form or acquire any Subsidiaries, or agree to do any of the foregoing, except:

  • Loans, Advances and Investments Make or permit to remain outstanding any loan or advance to, or own, purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any Person, or consummate any Acquisition, except that the Company or any Subsidiary may

  • Investments, Loans and Advances Purchase, hold or acquire any Equity Interests, evidences of indebtedness or other securities of, make or permit to exist any loans or advances to, or make or permit to exist any investment or any other interest in, any other person, except:

  • Loans and Advances The Company does not have any outstanding loans or advances to any person and is not obligated to make any such loans or advances, except, in each case, for advances to employees of the Company in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company.

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