End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations (other than any inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) in full, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of four and one-quarter of one percent (4.25%) of the total original principal amount of all Term Loan Advances made hereunder. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.
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End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations (other than any inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) in full, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of four the greater of (a) $750,000 and one-quarter of one (b) five percent (4.255%) of the total original aggregate principal amount of all Term Loan Advances made hereunderAdvances. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.
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Samples: Loan and Security Agreement (Stealth BioTherapeutics Corp)
End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the Borrowers prepay in full the outstanding Secured Obligations (other than any inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) in fullObligations, or (iii) the date that the Secured Obligations become due and payable, Borrower the Borrowers shall pay Lender a charge of four and one-quarter $937,500; provided, however, that, if the Secured Obligations are prepaid upon the consummation of a Change of Control on or before the one percent (4.25%) year anniversary of the total original principal amount Closing Date, the Borrowers shall pay Lender a reduced charge of all Term Loan Advances made hereunder$500,000. Notwithstanding the required payment date of such charge, it shall be deemed fully earned by the Lender as of the Closing Date.
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Samples: Loan and Security Agreement (Anthera Pharmaceuticals Inc)
End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations (other than any inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) in full, or (iii) the date that the Secured Obligations become due and payablepayable in accordance with this Agreement, Borrower shall pay Lender the Lenders a charge of four and one-quarter of one percent One Million Three Hundred Ninety Thousand Dollars (4.25%) of the total original principal amount of all Term Loan Advances made hereunder$1,390,000.00). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender the Lenders as of the Closing DateInitial Advance Date (subject to the occurrence thereof).
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Samples: Loan and Security Agreement (Dermavant Sciences LTD)
End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations (other than any inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) in fullObligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of four and one-quarter of one percent either (4.25%a) of $840,000 if the total original principal aggregate amount of all Term Loan Advances made hereunderunder Section 2.2(a) is $10,000,000, or (b) $2,400,000 if the aggregate amount of Term Loan Advances made under Section 2.2(a) is $40,000,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.
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Samples: Loan and Security Agreement (Dynavax Technologies Corp)
End of Term Charge. On the earliest to occur of (ia) the Term Loan Maturity Date, (iib) the date that Borrower prepays the outstanding Secured Obligations Obligations, (other than any inchoate indemnity obligations c) the Availability Termination Date if no Growth Loans are Advanced at such time and any other obligations which, by their terms, are to survive the termination of this Agreement) in full, or (iiid) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge equal to the sum of four and one-quarter of one percent (4.25%i) 3.63% of the total original principal amount Maximum Growth Loan Amount and (ii) 6.5% of all Term each Growth Loan Advances Advance made hereunder, in the aggregate (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.
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End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations (other than any inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) in full, or (iii) the date that the Secured Obligations are accelerated and become due and payable, Borrower shall pay Lender a charge of four Three Hundred Ninety Seven Thousand Five Hundred Dollars ($397,500) (i.e. two and onesixty-quarter of one five hundredths percent (4.252.65%) of the total original principal amount of all Maximum Term Loan Advances made hereunderAmount). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.
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Samples: Loan and Security Agreement (Coronado Biosciences Inc)
End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations (other than any inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) in fullObligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge (a) $500,000 as the end of four and one-quarter term charge, or (b) if Borrower does not prepay the outstanding Secured Obligations or this Agreement is not otherwise terminated prior to the Maturity Date, Borrower shall only pay $400,000 as the end of one percent (4.25%) of the total original principal amount of all Term Loan Advances made hereunderterm charge. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.
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Samples: Loan and Security Agreement (Revance Therapeutics, Inc.)