Success Fee. Upon the occurrence of a Liquidity Event, a one-time success fee equal to $100,000, which shall be nonrefundable. This Section 2.5(b) shall survive any termination of this Agreement.
Appears in 2 contracts
Samples: Loan and Security Agreement (Liquidia Technologies Inc), Loan and Security Agreement (Liquidia Technologies Inc)
Success Fee. Upon the occurrence of a Liquidity Event, a one-time success fee equal to $100,000, which shall be nonrefundable400,000 (the “Success Fee Amount”). This Section 2.5(b) shall survive any termination of this Agreement.
Appears in 2 contracts
Samples: Loan and Security Agreement (Liquidia Technologies Inc), Loan and Security Agreement (Liquidia Technologies Inc)
Success Fee. Upon the occurrence of a Liquidity EventEvent or Change in Control, a one-time success fee equal to $100,000, which shall be nonrefundable150,000. This Section 2.5(b2.5(d) shall survive any termination of this Agreement.
Appears in 2 contracts
Samples: Loan and Security Agreement (Casper Sleep Inc.), Loan and Security Agreement (Casper Sleep Inc.)
Success Fee. Upon the occurrence of a Liquidity EventEvent or Change in Control, a one-one- time success fee equal to $100,000, which shall be nonrefundable150,000. This Section 2.5(b2.5(d) shall survive any termination of this Agreement.
Appears in 2 contracts
Samples: Loan and Security Agreement (Casper Sleep Inc.), Loan and Security Agreement (Casper Sleep Inc.)
