Agent Expenses. Any amounts paid by Agent as provided herein are Agent Expenses and are immediately due and payable and shall bear interest at the then applicable rate and be secured by the Collateral. No payments by Agent shall be deemed an agreement to make similar payments in the future or Agent’s and Lenders’ waiver of any Event of Default.
Appears in 5 contracts
Samples: Loan and Security Agreement (Inspire Pharmaceuticals Inc), Loan and Security Agreement (Poniard Pharmaceuticals, Inc.), Loan and Security Agreement (Acclarent Inc)
Agent Expenses. Any amounts paid by Agent as provided herein are Agent Expenses or any Lender as provided herein are Lenders’ Expenses and are immediately due and payable and shall bear interest at the then applicable rate and be secured by the Collateral. No payments by Agent or any Lender shall be deemed an agreement to make similar payments in the future or Agent’s and Lenders’ waiver of any Event of Default or Default.
Appears in 1 contract
Samples: Loan and Security Agreement (Poniard Pharmaceuticals, Inc.)
