Examples of Oxford Loan in a sentence
An Event of Default (as such term is defined in the Oxford Loan Agreement) shall occur under the Oxford Loan Documents.
To record interest expense on the Oxford Loan and Security agreement.
Additionally, the Company plans to draw down $15 million on the Oxford Loan and Security Agreement in March 2023.TotaloperatingexpensesforthethreemonthsendedDecember31,2022(the“2022Quarter”)were $16.8million,comparedto$17.1millionforthethreemonthsendedDecember31,2021(the“2021 Quarter”).Research&developmentexpensesforthe2022Quarterwere$10.7million,comparedto$11.4 millionforthe2021 Quarter.
The Company agrees to use the proceeds of the offering, after paying the expenses of the offering, (i) to fund the launch of the SmartChip System and related products, (ii) to pay off the Oxford Loan Agreement (and to pay associated fees and expenses), and (iii) for working capital and general corporate purposes, including research and development of the Company’s products.
Borrower shall use part of the proceeds of the first advance under the Oxford Loan Agreement on the day such advance is made to pay off in full all Indebtedness owed to Comerica under the Comerica Loan Agreement.