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.
The parties acknowledge that they are entering into a single agreement modifying the GE Loan Documents and the Oxford Loan Documents solely for administrative convenience.
Except as expressly modified, consented to, or waived under this Agreement, Borrower hereby acknowledges, confirms, and ratifies all of the terms and conditions set forth in, and all of its obligations under, each of the GE Loan Documents and the Oxford Loan Documents.
We note your disclosure that the 2019 Oxford Loan contains customary negative covenants limiting Tarveda's ability to consummate mergers such as the one currently contemplated.
This Consent shall be deemed effective upon (a) the due execution and delivery to Bank of this Consent by each party hereto, (b) Bank’s receipt of a copy of a consent to the disposition of and release of the liens in the Disposed Assets under the Oxford Loan Agreement, duly executed and delivered by each party thereto, and (c) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Consent.
The proceeds of the Term Loan shall be disbursed as follows: Disbursement from Oxford: Loan Amount $_______________ Plus: ‑‑Deposit Received $__________ Less: ‑‑Facility Fee ($_________) [‑‑Interim Interest ($_________)] ‑‑Lender’s Legal Fees ($_________)* Net Proceeds due from Oxford: $_______________ TOTAL TERM LOAN NET PROCEEDS FROM LENDERS $_______________ 8.