Common use of Performance Covenant Clause in Contracts

Performance Covenant. If the Initial Performance Covenant Test Date has occurred, Borrower shall thereafter satisfy either of (i) Performance Covenant A or Performance Covenant B, tested at all times, or (ii) Performance Covenant C, tested quarterly.

Appears in 2 contracts

Samples: Loan and Security Agreement (Axsome Therapeutics, Inc.), Loan and Security Agreement (Axsome Therapeutics, Inc.)

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Performance Covenant. If the Initial Performance Covenant Test Date has occurred, Borrower shall thereafter satisfy either of (i) Performance Covenant A or Performance Covenant B, tested at all times, or (ii) Performance Covenant C, tested quarterly.. ​ ​

Appears in 1 contract

Samples: Loan and Security Agreement (Axsome Therapeutics, Inc.)

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Performance Covenant. (i) If the Initial Performance Covenant Test Date has occurred, Borrower shall thereafter satisfy either of (i) Performance Covenant A or Performance Covenant B, tested at all times, or (ii) Performance Covenant C, tested quarterlymonthly.

Appears in 1 contract

Samples: Loan and Security Agreement (Phathom Pharmaceuticals, Inc.)

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