Tranche B Draw Period is the period of time commencing on the date that Borrower achieves the Phase IIB Milestone through the earlier to occur of (i) March 31, 2018, or (ii) the date on which an Event of Default occurs hereunder.
Tranche B Draw Period is the period of time commencing on October 1, 2018 and continuing through the earlier to occur of (a) December 31, 2019 and (b) the occurrence and continuance of an Event of Default.
Tranche B Draw Period is, for the Tranche B Advances, the period of time from the first (1st) Business Day after Borrower achieves the Tranche B Advance Milestone through the earlier to occur of (a) September 30, 2014 or (b) an Event of Default. Notwithstanding the foregoing, provided that Bank has received evidence satisfactory to Bank in its sole discretion that a Qualifying Equity Round has closed prior to September 30, 2014, then the Tranche B Draw Period shall be automatically extended through the earlier to occur of (x) January 31, 2015 or (y) an Event of Default.
Examples of Tranche B Draw Period in a sentence
The Tranche B Draw Period shall be extended to October 3, 2018, if the Company achieves the Milestones.
More Definitions of Tranche B Draw Period
Tranche B Draw Period means the period from the date on which the Initial APOD Xxxxx each become Producing APOD Xxxxx to the date that is eighteen (18) months after the Closing Date.
Tranche B Draw Period is the period of time from January 15, 2011 through the earlier to occur of (a) June 30, 2012 or (b) an Event of Default.
Tranche B Draw Period is the period commencing on the Positive FDA Review Date and ending on the earlier of (i) June 30, 2015 and (ii) the occurrence of an Event of Default; provided, however, that the Tranche B Draw Period shall not commence if on the date of the occurrence of the Positive FDA Review Date an Event of Default has occurred and is continuing.
Tranche B Draw Period is the period of time from Borrowers’ delivery of evidence to Bank that it has achieved the Performance Milestone through the earlier to occur of (a) May 31, 2014 or (b) an Event of Default.
Tranche B Draw Period is the period of time from the date Co-Borrowers achieve the Revenue Milestone through January 31, 2018; provided that the Tranche B Draw Period shall only begin so long as no Event of Default has occurred and is continuing hereunder.
Tranche B Draw Period is set forth on Schedule I hereto.
Tranche B Draw Period is the period of time from the date that Borrower receives Positive Data Results through the earlier to occur of (a) December 31, 2014 or (b) the occurrence and continuance of an Event of Default.