Common use of Term Loan B Clause in Contracts

Term Loan B. (i) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make one (1) term loan to Borrower in an aggregate principal amount not to exceed Five Million Five Hundred Thousand Dollars ($5,500,000) (the “Term Loan B”, and together with the Term Loan A, the “Term Loans”). Borrower may request the Term Loan B at any time from the Term Loan B Availability Start Date through the Term Loan B Availability End Date. The proceeds of the Term Loan B shall be used for general working capital purposes and for capital expenditures.

Term Loan B. (i) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make one (1) or more term loan loans to Borrower in an aggregate principal amount not to exceed Five Million Five Hundred Thousand Dollars ($5,500,0005,000,000) (the each a “Term Loan B”” and collectively the “Term Loans B’’, and together with the Term Loan A, the “Term Loans”). Borrower may request the Term Loan B ) at any time from after Borrower’s achievement of the Term Loan B Availability Start Date Funding Milestone through the Term Loan B Availability End Date. The proceeds of the Term Loan Loans B shall be used for general working capital purposes and for capital expenditures.