Termination of Commitment to Lend. Notwithstanding anything in the Loan Documents, Lenders’ obligation to lend the undisbursed portion of the Commitment Amount to Borrower hereunder shall terminate on the earlier of (i) at Lenders’ sole election, the occurrence of any Event of Default hereunder, and (ii) with respect to Loan A the Loan A Commitment Termination Date, and with respect to Loan B, the Loan B Commitment Termination Date. Notwithstanding the foregoing, Lenders’ obligation to lend the undisbursed portion of the Loan A Commitment Amount or Loan B Commitment Amount to Borrower shall terminate if, in Lenders’ sole judgment, there has been a material adverse change in the general affairs, results of operations or condition (financial or otherwise) of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the business plan of Borrower presented to Lenders on or before the date of this Agreement.
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Samples: Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp), Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp)
Termination of Commitment to Lend. Notwithstanding anything in the Loan Documents, Lenders’ Lender's obligation to lend the undisbursed portion of the Commitment Credit Amount to Borrower hereunder shall terminate on the earlier of (i) at Lenders’ Lender's sole election, the occurrence of any Default or Event of Default hereunder, and (ii) with respect to Loan A the Loan A Commitment Termination Date, Date Facility A (in the case of Facility A) and with respect to Loan B, the Loan B Commitment Termination DateDate Facility B (in the case of Facility B). Notwithstanding the foregoing, Lenders’ Lender's obligation to lend the undisbursed portion of the Loan A Commitment Amount or Loan B Commitment Credit Amount to Borrower shall terminate if, in Lenders’ Lender's sole judgment, there has been a material adverse change in the general affairs, management, results of operations or operations, condition (financial or otherwise) or prospects of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the business plan of Borrower presented to Lenders Lender on or before the date of this Agreement.
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Samples: Equipment Loan and Security Agreement (Anadys Pharmaceuticals Inc)
Termination of Commitment to Lend. Notwithstanding anything in the Loan Documents, Lenders’ Lender’s obligation to lend the undisbursed portion of the Commitment Amount to Borrower hereunder shall terminate on the earlier of (i) at Lenders’ Lender’s sole election, the occurrence and the continuance of any Default or the occurrence of any Event of Default (which has not been waived by Lender) hereunder, and (ii) with respect to Loan A the Loan A Commitment Termination Date, and with respect to Loan B, the Loan B Commitment Termination Date. Notwithstanding the foregoing, Lenders’ Lender’s obligation to lend the undisbursed portion of the Loan A Commitment Amount or Loan B Commitment Amount to Borrower shall terminate if, in Lenders’ sole Lender’s reasonable judgment, there has been a material adverse change in the general affairs, results of operations or financial condition (financial or otherwise) of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the business plan of Borrower presented to Lenders Lender on or before the date of this Agreement.
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Samples: Venture Loan and Security Agreement (Infinity Pharmaceuticals, Inc.)
Termination of Commitment to Lend. Notwithstanding anything in the Loan Documents, Lenders’ Lender's obligation to lend the undisbursed portion of the Commitment Credit Amount to Borrower hereunder shall terminate on the earlier of (i) at Lenders’ Lender's sole election, the occurrence and during the continuance of any Default or Event of Default hereunderhereunder which has not been cured or specifically waived in writing by Lender, and (ii) with respect to Loan A the Loan A Commitment Termination Date, and with respect to Loan B, the Loan B Commitment Termination Date. Notwithstanding the foregoing, Lenders’ Lender's obligation to lend the undisbursed portion of the Loan A Commitment Amount or Loan B Commitment Credit Amount to Borrower shall terminate if, in Lenders’ Lender's sole judgment, there has been a material adverse change in the general affairs, management, results of operations or operations, condition (financial or otherwise) or prospects of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the business plan of Borrower presented to Lenders on or before and not disapproved by Lender, since the date of this Agreement.
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Termination of Commitment to Lend. Notwithstanding anything in the Loan Documents, Lenders’ the Lender’s obligation to lend the undisbursed portion of the Commitment Amount to Borrower hereunder shall terminate on the earlier of (i) at Lenders’ sole electionLender’s election exercised in good faith and in a commercially reasonable manner, the occurrence of any Event of Default hereunder, and (ii) with respect to Loan A A, the Loan A Commitment Termination Date, and with respect to Loan B, the Loan B Commitment Termination Date. Notwithstanding the foregoing, Lenders’ Lender’s obligation to lend the undisbursed portion of the Loan A Commitment Amount or Loan B Commitment Amount to Borrower shall terminate if, in LendersLender’ sole judgmentdiscretion exercised in good faith and in a commercially reasonable manner, there has been a material adverse change in the general affairs, management, results of operations or financial condition (financial or otherwise) of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the business plan of Borrower presented to Lenders Lender on or before the date of this Agreement.
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Samples: Venture Loan and Security Agreement (Interleukin Genetics Inc)
Termination of Commitment to Lend. Notwithstanding anything in the Loan Documents, Lenders’ Lender’s obligation to lend the undisbursed portion of the Commitment Amount to Borrower hereunder shall terminate on the earlier of (i) at Lenders’ Lender’s sole election, upon the occurrence of any Default or Event of Default hereunder, and (ii) with respect to Loan A A, the Loan A Commitment Termination Date, and with respect to Loan B, the Loan B Commitment Termination Date, with respect to Loan C, the Loan C Commitment Termination Date, with respect to Loan D, the Loan D Commitment Termination Date, with respect to Loan E, the Loan E Commitment Termination Date, and with respect to Loan F, the Loan F Commitment Termination Date. Notwithstanding the foregoing, Lenders’ Lender’s obligation to lend the undisbursed portion of the Loan A Commitment Amount or Loan B Commitment Amount to Borrower shall terminate if, in Lenders’ Lender’s sole judgmentdiscretion, there has been a material adverse change in the general affairs, management, results of operations or operations, condition (financial or otherwise) or prospects of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the business plan of Borrower presented to Lenders Lender on or before the date of this Agreement.
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Termination of Commitment to Lend. Notwithstanding anything in the Loan Documents, Lenders’ Lender's obligation to lend the undisbursed portion of the Commitment Amount to Borrower hereunder shall terminate on the earlier of (i) at Lenders’ Lender's sole election, the occurrence of any Event of Default hereunder, and (ii) with respect to Loan A A, the Commitment Termination Date Loan A Commitment Termination Date, and (iii) with respect to Loan B, the Loan B Commitment Termination Date. Date Loan B. Notwithstanding the foregoing, Lenders’ Lender's obligation to lend the undisbursed portion of the Loan A Commitment Amount or Loan B Commitment Amount to Borrower shall terminate if, in Lenders’ Lender's sole judgment, there has been a material adverse change in the general affairs, results of operations or financial condition (financial or otherwise) of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the business plan of Borrower presented to Lenders Lender on or before the date of this Agreement.
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