Common use of Debit of Accounts Clause in Contracts

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 92 contracts

Samples: Loan and Security Agreement (Syros Pharmaceuticals, Inc.), Loan and Security Agreement (Neuronetics, Inc.), Loan and Security Agreement (Neuronetics, Inc.)

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Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-offset‑off.

Appears in 29 contracts

Samples: Loan and Security Agreement (RxSight, Inc.), Loan and Security Agreement (Silk Road Medical Inc), Loan and Security Agreement (ObsEva SA)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, accounts maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, Subsidiaries for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-set off.

Appears in 6 contracts

Samples: Loan and Security Agreement (Celcuity Inc.), Loan and Security Agreement (Rockwell Medical, Inc.), Loan and Security Agreement (Celcuity Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its SubsidiariesBorrower, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such These debits (or ACH activity) shall not constitute a set-off.

Appears in 5 contracts

Samples: Loan and Security Agreement (Sunesis Pharmaceuticals Inc), Loan and Security Agreement (Transenterix Inc.), Loan and Security Agreement (SafeStitch Medical, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, Account for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-offset‑off.

Appears in 4 contracts

Samples: Loan and Security Agreement (Alimera Sciences Inc), Loan and Security Agreement (Alimera Sciences Inc), Loan and Security Agreement (Alimera Sciences Inc)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its SubsidiariesSubsidiaries that are co-borrowers or Guarantors, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 4 contracts

Samples: Loan and Security Agreement (Tocagen Inc), Loan and Security Agreement (Tocagen Inc), Loan and Security Agreement (Tocagen Inc)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, Subsidiaries for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 4 contracts

Samples: Loan and Security Agreement (Ardelyx, Inc.), Loan and Security Agreement (Imprimis Pharmaceuticals, Inc.), Loan and Security Agreement (Nanosphere Inc)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any of Borrowers’ deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Borrowers owe the Lenders under the Loan Documents when due. Any such These debits (or ACH activity) shall not constitute a set-off.

Appears in 3 contracts

Samples: Loan and Security Agreement (Sophiris Bio Inc.), Loan and Security Agreement (Sophiris Bio Inc.), Loan and Security Agreement (Sophiris Bio Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off. Without limiting the foregoing, Collateral Agent and each Lender shall use commercially reasonable efforts to notify Borrower of any amounts (other than principal and interest payments) debited from Borrower’s deposit accounts with respect to this Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Eiger BioPharmaceuticals, Inc.), Loan and Security Agreement (Sorrento Therapeutics, Inc.), Loan and Security Agreement (Sorrento Therapeutics, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents if such amounts are not paid when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 3 contracts

Samples: Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (Syndax Pharmaceuticals Inc)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any of Borrower’s deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such These debits (or ACH activity) shall not constitute a set-off.

Appears in 3 contracts

Samples: Loan and Security Agreement (Anacor Pharmaceuticals, Inc.), Loan and Security Agreement (Somaxon Pharmaceuticals, Inc.), Loan and Security Agreement (Medicinova Inc)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for (i) principal and interest payments or (ii) upon notice to Borrower, any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such These debits (or ACH activity) shall not constitute a set-off.

Appears in 3 contracts

Samples: Loan and Security Agreement (Vitae Pharmaceuticals, Inc), Loan and Security Agreement (Vitae Pharmaceuticals, Inc), Loan and Security Agreement (Vitae Pharmaceuticals, Inc)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, and second, any other deposit accounts maintained by Borrower, for principal and interest payments or any other amounts Borrower owes Collateral Agent or the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-offset‑off.

Appears in 2 contracts

Samples: Loan and Security Agreement (Puma Biotechnology, Inc.), Loan and Security Agreement (Puma Biotechnology, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accountsaccounts designated by Borrower, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-set off.

Appears in 2 contracts

Samples: Loan and Security Agreement (Exagen Inc.), Loan and Security Agreement (Exagen Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit AccountAccount (or, if funds in the Designated Deposit Account are insufficient or if an Event of Default has occurred and is continuing, any other account of a Loan Party which is subject to a Control Agreement in favor of Collateral Agent), for principal and interest payments or any other amounts Borrower owes Collateral Agent or the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pliant Therapeutics, Inc.), Loan and Security Agreement (Pliant Therapeutics, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its SubsidiariesBorrower, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 2 contracts

Samples: Loan and Security Agreement (scPharmaceuticals Inc.), Loan and Security Agreement (scPharmaceuticals Inc.)

Debit of Accounts. Collateral Agent and each Lender Agent, for the benefit of the Lenders, may debit (or ACH) any of Borrowers’ deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Borrowers owe Lenders under the Loan Documents when due. Any such These debits (or ACH activity) shall not constitute a set-off.

Appears in 2 contracts

Samples: Loan and Security Agreement (Alphatec Holdings, Inc.), Loan and Security Agreement (Alphatec Holdings, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, accounts maintained by Borrower or any of its SubsidiariesBorrower, including the Designated Deposit AccountAccount (but excluding any deposit account maintained solely for payroll, tax or employee benefits payments), for principal and interest payments or or, upon prior written notice to Borrower so long as no Event of Default has occurred and is continuing, any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such These debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Hansen Medical Inc)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any of Borrower’s deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when duedue unless other arrangements are made for Borrower to make certain principal and interest payments to any Lender, as provided in Section 2.1.1(c). Any such These debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Somaxon Pharmaceuticals, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any of a Borrower’s deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts a Borrower owes the Lenders under the Loan Documents when due. Any such These debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Ligand Pharmaceuticals Inc)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, but excluding any deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Esperion Therapeutics, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, accounts maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-set off.

Appears in 1 contract

Samples: Loan and Security Agreement (CVRx, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Collateral Agent or the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Centogene N.V.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, accounts maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, other Loan Party for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-set off.

Appears in 1 contract

Samples: Loan and Security Agreement (Apollo Endosurgery, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its SubsidiariesBorrower, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower any Loan Party owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (SI-BONE, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (T2 Biosystems, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) the Designated Deposit Account and, if an Event of Default has occurred and is continuing, any of Borrower’s deposit accounts, maintained by Borrower through automatic debit of such accounts, Automated Clearinghouse or any of its Subsidiaries, including the Designated Deposit Accountother transfers, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such These debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Supernus Pharmaceuticals Inc)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts outstanding Obligations Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-offset‑off.

Appears in 1 contract

Samples: Loan and Security Agreement (Viracta Therapeutics, Inc.)

Debit of Accounts. Collateral Administrative Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, Subsidiaries for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Harrow Health, Inc.)

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Debit of Accounts. Collateral Agent and each Lender (if no more than two Lenders) may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-offset‑off.

Appears in 1 contract

Samples: Loan and Security Agreement (Achaogen Inc)

Debit of Accounts. Collateral Agent and each Lender Purchaser may debit (or ACH) any deposit accounts, maintained by Borrower Issuer or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower Issuer owes the Lenders Purchasers under the Loan Note Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Note Purchase Agreement (Invitae Corp)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its SubsidiariesGuarantor, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Collateral Agent or the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Verastem, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its SubsidiariesLoan Party, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Cytokinetics Inc)

Debit of Accounts. Collateral Agent and each Lender Agent, or (but without duplication) Bank, for the benefit of the Lenders, may debit (or ACH) any of Borrower’s deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such These debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Ardea Biosciences, Inc./De)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accountsaccounts (other than deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees), maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when duedue hereunder. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Scholar Rock Holding Corp)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.. US-DOCS\149068676.3

Appears in 1 contract

Samples: Loan and Security Agreement (Neuronetics, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-set off.

Appears in 1 contract

Samples: Loan and Security Agreement (Tetraphase Pharmaceuticals Inc)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its SubsidiariesBorrower, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-offset‑off.

Appears in 1 contract

Samples: Loan and Security Agreement (Cerus Corp)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, but excluding any Excluded Accounts, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Trevena Inc)

Debit of Accounts. Collateral Agent and each Lender (if no more than two Lenders) may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, Subsidiaries for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-offset‑off.

Appears in 1 contract

Samples: Loan and Security Agreement (Ardelyx, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, accounts maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, Subsidiaries for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Bionano Genomics, Inc)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts), maintained by Borrower or any of its Subsidiariesfirst, including the Designated Deposit Account, and second, any other deposit accounts maintained by Borrower, for principal and interest payments or any other amounts Borrower owes Collateral Agent or the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-set off.

Appears in 1 contract

Samples: Loan and Security Agreement (Aratana Therapeutics, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its SubsidiariesLoan Party, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-offset‑off.

Appears in 1 contract

Samples: Loan and Security Agreement (Cytokinetics Inc)

Debit of Accounts. Collateral Agent and each Lender may shall debit (or ACH) any deposit accounts), maintained by Borrower or any of its Subsidiaries, including first the Designated Deposit Account, and second, any other deposit accounts maintained by Borrower for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such These debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Achaogen Inc)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when duedue and shall notify the Borrower of such debit or ACH promptly thereafter. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Rubius Therapeutics, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) any deposit accounts, maintained by Borrower or any of its SubsidiariesLoan Party, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents (other than the Warrants) when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Robotics, Inc.)

Debit of Accounts. Collateral Agent and each Lender may debit (or ACH) the Designated Deposit Account, or, if the Designated Deposit Account has insufficient funds, any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such debits (or ACH activity) shall not constitute a set-off.

Appears in 1 contract

Samples: Loan and Security Agreement (89bio, Inc.)

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