Examples of Remaining Loan Amount in a sentence
Based on the foregoing, we hereby request conversion ¨ of the whole Remaining Loan Amount ¨ of EUR of the Remaining Loan Amount pursuant to ¨ Sec.
The proviso clause of the preceding sentence shall not apply with respect to any Advance made on or after the Original Maturity Date (after giving effect to any extensions under Section 3.19(b) hereof) if, as of the Original Maturity Date, the ratio (expressed as a percentage) of the Remaining Loan Amount to the Appraised Value of the FC Units is more than 70%.
GENENTECH shall not be obligated to advance any funds under the Remaining Loan Amount at any time after March 31, 2003, or at any time during which an Event of Default (as defined in the Amended Note) has occurred and is continuing under the Amended Note (as defined below).
In addition, in the event that a temporary restraining order or preliminary injunction is entered against CURAGEN by a court of competent jurisdiction, the effect of which is to enjoin CURAGEN from utilizing its proprietary genomics technologies such that it is substantially unable to perform the Research Program, for as long as such temporary restraining order or preliminary injunction remains outstanding GENENTECH shall not be obligated to advance any funds under the Remaining Loan Amount.
Following receipt of such notice (as determined in accordance with Section 5.5), if Lender and Company agree, in writing, to the amount to be funded (the “Agreed Loan Amount”), Lender shall fund the amount requested by the Company (up to an aggregate of' the Remaining Loan Amount) within three (3) business days of reaching agreement on the Agreed Loan Amount, and the Company shall issue a Note in respect of such additional Loan in accordance with the terms hereof.
Notwithstanding the preceding, the Remaining Loan Amount shall remain outstanding and due and owing by the Borrower to the Lender.
Unless this Agreement or the Research Program has been terminated for any reason and subject to the drawdown limits discussed below, CURAGEN may, in such amounts and at such times as CURAGEN, in its sole discretion, may determine, draw down the Remaining Loan Amount, or any portion thereof, upon fifteen (15) days’ written notice.
GENENTECH’s obligation to advance any funds under the Remaining Loan Amount shall terminate upon the earlier of the expiration of the Research Program or any termination of this Agreement.
The New Remaining Loan Amount, as defined under the Third Amendment shall be repaid in full together with the Last Interest Payment on July 1, 2024 (the “Third Amended Repayment Date”).
The Repayment Date, as defined under Section 2.1 of the Loan agreement of the Remaining Loan Amount shall be June 30, 2023 (the “Amended Repayment Date”).