Common use of Tranche II Clause in Contracts

Tranche II. Subject to the terms and conditions of this Agreement, beginning on January 1, 2024 until July 19, 2024 (or such earlier date if Lenders elect in their sole discretion), Borrower may request, and Lenders shall severally (and not jointly) make, one or more additional Term Loan Advances in minimum increments of $5,000,000 (or if less than $5,000,000, the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.1(a)(ii)) in an aggregate principal amount of up to $20,000,000 (such Term Loan Advances, the “Tranche II Advances”).

Tranche II. Subject to the terms and conditions of this Agreement, beginning at any time on January 1or after the Performance Milestone I Date until June 30, 2024 until July 19, 2024 (or such earlier date if Lenders elect in their sole discretion)2023, Borrower may request, and Lenders shall severally (and not jointly) make, one or more additional Term Loan Advances in minimum increments of $5,000,000 (or if less than $5,000,000, 5,000,000 the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.1(a)(ii)) in an aggregate principal amount of up to $20,000,000 (such Term Loan Advances, the “Tranche II Advances”).

Tranche II. Subject to the terms and conditions of this Agreement, beginning on January 1the occurrence of the Availability Trigger and continuing through December 15, 2024 until July 19, 2024 (or such earlier date if Lenders elect in their sole discretion)2023, Borrower may request, and Lenders shall severally (and not jointly) make, one or more additional Term Loan Advances in minimum increments of $5,000,000 25,000,000 (or if less than $5,000,000, 25,000,000 the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.1(a)(ii)) in an aggregate principal amount of up to $20,000,000 (such Term Loan Advances, the “Tranche II Advances50,000,000.”).

Tranche II. Subject to the terms and conditions of this AgreementAgreement and satisfaction of Performance Milestone I, beginning on January 1or prior to June 15, 2024 until July 19, 2024 (or such earlier date if Lenders elect in their sole discretion)2021, Borrower may request, and Lenders shall severally (and not jointly) make, one or more additional Term Loan Advances Advances, in minimum increments of $5,000,000 (or if less than $5,000,000, the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.1(a)(ii)) in an ), provided that the aggregate principal amount of up to $20,000,000 (such the Term Loan Advances, the Advances made pursuant to this Section 2.1(a)(ii) shall not exceed $15,000,000 (“Tranche II AdvancesII”).

Tranche II. Subject to the terms and conditions of this Agreement, beginning on January December 1, 2024 2023 until July 19May 31, 2024 (or such earlier date if Lenders elect in their sole discretion), Borrower may request, and Lenders shall severally (and not jointly) make, one or more additional Term Loan Advances in minimum increments of $5,000,000 (or if less than $5,000,000, the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.1(a)(ii)) in an aggregate principal amount of up to $20,000,000 (such Term Loan Advances, the “Tranche II Advances”).