Examples of Oxford Loan Agreement in a sentence
An Event of Default (as such term is defined in the Oxford Loan Agreement) shall occur under the Oxford Loan Documents.
The parties hereto acknowledge and agree that at all times prior to the Tranche A Closing Date, this covenant shall not apply to Company IP to the extent the application of this covenant would violate the terms of the Existing Oxford Loan Agreement.
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.
The warrants are exercisable at $2,000 per share.In March 2014, in connection with the Oxford Loan Agreement, the Company issued Series KK Warrants to purchase an aggregate of 391,032 shares of our common stock at an exercise price of $1.918 per share, expiring in March 2021.In November 2014, an outside investor exchanged their Series JJ warrants for 3,843,223 shares of our common stock in accordance with the terms of the Series JJ warrant agreement.
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.
See Note 10.During 2014, in connection with the Oxford Loan Agreement, we issued warrants with an estimated relative fair value of $465,000.
Borrower shall use the proceeds of the Credit Extensions solely to repay in full the Indebtedness outstanding under the Existing Oxford Loan Agreement and any and all associated costs and expenses and to fund its general business requirements and not for any other purposes, including personal, family, household or agricultural purposes.
Upon and as of the Effective Date, the Lender hereby consents to the terms and conditions of the Oxford Loan Agreement and the “Loan Documents” as defined therein, each in substantially the forms attached hereto as Exhibit A, and the incurrence of Indebtedness and granting of Liens contemplated thereby.
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.
Within 30 days following the Closing Date, Company and Caladrius shall repay and satisfy, to the extent required by Oxford, fees, costs, expenses, Liabilities and other obligations of Company, Caladrius and each of their Subsidiaries owing to Oxford and its Affiliates, under the Oxford Loan Agreement (the “Oxford Loan Repayment Obligation”).