Existing SVB Final Payment Clause Samples

Existing SVB Final Payment. Notwithstanding the terms of the SVB Loan Agreement, Borrower shall pay the Existing SVB Final Payment, which Existing SVB Final Payment has been fully-earned on or prior to the Effective Date, to SVB as follows: (i) on the Effective Date, in an amount equal to $218,520.35, and (ii) on the earlier to occur of (A) the Maturity Date, and (B) the first (1st) date on which a prepayment of the Obligations is made or required to be made pursuant to Section 2.2 hereof, in an amount equal to $81,479.65.