Within one. (1) Business Day after the consummation of any Qualified Financing (as defined below), the Borrower shall prepay in cash on a pro rata basis by wire transfer of immediately available funds the outstanding obligations under the Series B-1 Note in an amount equal to 20% of the Net Proceeds (as defined below) of such Qualified Financing to the extent such Net Proceeds constitute all or part of the Initial Net Proceeds (as defined below).
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Within one. (1) Business Day after the consummation of any Qualified Financing (as defined below), the Borrower shall prepay in cash on a pro rata basis by wire transfer of immediately available funds the outstanding obligations under the Series B-1 A-1 Note in an amount equal to 20% of the Net Proceeds (as defined below) of such Qualified Financing to the extent such Net Proceeds constitute all or part of the Initial Threshold Net Proceeds (as defined below).
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Within one. (1) Business Day after the consummation of any Qualified Financing (as defined below), the Borrower shall prepay in cash on a pro rata basis by wire transfer of immediately available funds the outstanding obligations under the Series B-1 A-2 Note in an amount equal to 20% of the Net Proceeds (as defined below) of such Qualified Financing to the extent such Net Proceeds constitute all or part of the Initial Threshold Net Proceeds (as defined below).
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Within one. (1) Business Day after the consummation of any Qualified Financing (as defined below)Financing, the Borrower shall prepay in cash on a pro rata basis by wire transfer of immediately available funds the outstanding obligations under the Series B-1 Note in an amount equal to 2040% of the Net Proceeds (as defined below) of such Qualified Financing to the extent such Net Proceeds constitute all or part of the Initial Subsequent Net Proceeds (as defined below).
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