Examples of Subsequent Advances in a sentence
Borrower’s execution and delivery to each of the Lenders of a Note (or in the case of Subsequent Advances an addendum to the original Note issued to the applicable Lender) shall be Borrower’s agreement to the terms and calculations thereunder and hereunder with respect to the Advance made by such Lender.
Advances and Subsequent Advances under this Note shall be made in accordance with the provisions of the Loan Agreement.
Notwithstanding the foregoing, to the extent that as of any Funding Request Notice Date (as defined in Section 2.5 below) the Company has filed (and not withdrawn) a registration statement on Form S-1 (or any successor or similar form) with the Securities and Exchange Commission for a public offering of securities, the Company may at its discretion limit participation in the Subsequent Advances to the Lenders set forth on Schedule I-A.
The obligation of Borrower to repay the unpaid principal amount of and all PIK Interest on the Loans shall be evidenced by one or more Notes, or in the case of Subsequent Advances addendums to the applicable original Notes issued to the Lenders in connection with the first Subsequent Advance.
Borrower shall make monthly payments of interest in arrears beginning on the Initial Payment Date, and on the first day of each calendar month thereafter through and including the Maturity Date, in the amount from time to time of the interest accruing upon the unpaid principal balance of the Loan (including, without limitation, any Subsequent Advances funded by Lender as provided in this Note from the date of such disbursement).