Common use of Funding of Term Loans Clause in Contracts

Funding of Term Loans. Promptly after receiving a request for a Term Loan, Agent shall notify each Lender of the contents of such request and such Lender’s Pro Rata Share of the requested Term Loan. Upon the terms and subject to the conditions set forth herein, each Lender, severally and not jointly, shall make available to Agent its Pro Rata Share of the requested Term Loan, in lawful money of the United States of America in immediately available funds, to the Collection Account (as defined below) prior to 11:00 a.m. Connecticut time on the specified date. Agent shall, unless it shall have determined that one of the conditions set forth in Section 4.1 or 4.2, as applicable, has not been satisfied, by 4:00 p.m. Connecticut time on such day, credit the amounts received by it in like funds to Borrower by wire transfer to, unless otherwise specified in a Disbursement Letter (as defined below), the following deposit account of Borrower (or such other deposit account as specified in writing by a Proper Officer of Borrower and acceptable to Agent) (the “Designated Deposit Account”): Bank Name: [*] Bank Address: [*] ABA#: [*] Account #: [*] Account Name: [*] Ref: [*]

Appears in 2 contracts

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

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Funding of Term Loans. Promptly after receiving a request for a Term Loan, Agent shall notify each Lender of the contents of such request and such Lender’s Pro Rata Share of the requested Term Loan. Upon the terms and subject to the conditions set forth herein, each Lender, severally and not jointly, shall make available to Agent its Pro Rata Share of the requested Term Loan, in lawful money of the United States of America in immediately available funds, to the Collection Account (as defined below) prior to 11:00 a.m. Connecticut time (New York time) on the specified date. Agent shall, unless it shall have determined that one of the conditions set forth in Section 4.1 or 4.2, as applicable, has not been satisfied, by 4:00 p.m. Connecticut time (New York time) on such day, credit the amounts received by it in like funds to Borrower by wire transfer to, unless otherwise specified in a Disbursement Letter (as defined below), the following deposit account of Borrower (or such other deposit account as specified in writing by a Proper Officer an authorized officer of Borrower and acceptable to Agent) (the “Designated Deposit Account”): Bank Name: [*] Xxxxx Fargo Bank Bank Address: [*] 0000 0xx Xxxxxx, Xxxxxxx, XX 00000 ABA#: [*] Account #: [*] Account Name: [*] Ref: [*]Oncothyreon, Inc.

Appears in 1 contract

Samples: Loan and Security Agreement (Oncothyreon Inc.)

Funding of Term Loans. Promptly after receiving a request for a Term Loan, Agent shall notify each Lender of the contents of such request and such Lender’s Pro Rata Share of the requested Term Loan. Upon the terms and subject to the conditions set forth herein, each Lender, severally and not jointly, shall make available to Agent its Pro Rata Share of the requested Term Loan, in lawful money of the United States of America in immediately available funds, to the Collection Account (as defined below) prior to 11:00 a.m. Connecticut time (New York time) on the specified date. Agent shall, unless it shall have determined that one of the conditions set forth in Section 4.1 or 4.2, as applicable, has not been satisfied, by 4:00 p.m. Connecticut time (New York time) on such day, credit the amounts received by it in like funds to Borrower by wire transfer to, unless otherwise specified in a Disbursement Letter (as defined below), the following deposit account of Borrower (or such other deposit account as specified in writing by a Proper Officer an authorized officer of Borrower and acceptable to Agent) (the “Designated Deposit Account”): Bank Name: [*] U.S. Bank N.A. Bank Address: [*] XXXXXXX ABA#: [*] XXXXXXX Account #: [*] XXXXXXX Account Name: [*] Cytori Ref: [*]XXXXXXX

Appears in 1 contract

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

Funding of Term Loans. Promptly after receiving a request for a Term Loan, Agent shall notify each Lender of the contents of such request and such Lender’s Pro Rata Share of the requested Term Loan. Upon the terms and subject to the conditions set forth herein, each Lender, severally and not jointly, shall make available to Agent its Pro Rata Share of the requested Term Loan, in lawful money of the United States of America in immediately available funds, to the Collection Account (as defined below) prior to 11:00 a.m. Connecticut time on the specified date. Agent shall, unless it shall have determined that one of the conditions set forth in Section 4.1 or 4.2, as applicable, has not been satisfied, by 4:00 p.m. Connecticut time on such day, credit the amounts received by it in like funds to Borrower by wire transfer to, unless otherwise specified in a Disbursement Letter (as defined below), the following deposit account of Borrower (or such other deposit account as specified in writing by a Proper Officer of Borrower and acceptable to Agent) (the “Designated Deposit Account”): Bank Name: [*] State Street Bank & Trust Company Bank Address: [*] Crown Colony Park 0000 Xxxxx Xxxxxx Xxxxx Xxxxxx, XX 00000-0000 Attn: Xxxxx Xxxxxx ABA#: [*] Account #: [*] Account Name: [*] Custody Services Ref: [*]For final credit to account: Codexis DE0843

Appears in 1 contract

Samples: Loan and Security Agreement (Codexis Inc)

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Funding of Term Loans. Promptly after receiving a request for a Term Loan, Agent shall notify each Lender of the contents of such request and such Lender’s Pro Rata Share of the requested Term Loan. Upon the terms and subject to the conditions set forth herein, each Lender, severally and not jointly, shall make available to Agent its Pro Rata Share of the requested Term Loan, in lawful money of the United States of America in immediately available funds, to the Collection Account (as defined below) prior to 11:00 a.m. Connecticut time on the specified date. Agent shall, unless it shall have determined that one of the conditions set forth in Section 4.1 or 4.2, as applicable, has not been satisfied, by 4:00 p.m. Connecticut time on such day, credit the amounts received by it in like funds to Borrower by wire transfer to, unless otherwise specified in a Disbursement Letter (as defined below), the following deposit account of Borrower (or such other deposit account as specified in writing by a Proper Officer of Borrower and acceptable to Agent) (the “Designated Deposit Account”): Bank Name: [*] Bank Address: [*] [*] [*] [*] ABA#: [*] Account #: [*] Account Name: [*] Ref: [*]

Appears in 1 contract

Samples: Loan and Security Agreement (Codexis Inc)

Funding of Term Loans. Promptly after receiving a request for a Term Loan, Agent shall notify each Lender of the contents of such request and such Lender’s Pro Rata Share of the requested Term Loan. Upon the terms and subject to the conditions set forth herein, each Lender, severally and not jointly, shall make available to Agent its Pro Rata Share of the requested Term Loan, in lawful money of the United States of America in immediately available funds, to the Collection Account (as defined below) prior to 11:00 a.m. Connecticut time (New York time) on the specified date. Agent shall, unless it shall have determined that one of the conditions set forth in Section 4.1 4.1, 4.2 or 4.24.3, as applicable, has not been satisfied, by 4:00 p.m. Connecticut time (New York time) on such day, credit the amounts received by it in like funds to Borrower by wire transfer to, unless otherwise specified in a Disbursement Letter (as defined below), the following deposit account of Borrower (or such other deposit account as specified in writing by a Proper Officer an authorized officer of Borrower and acceptable to Agent) (the “Designated Deposit Account”): Bank Name: [*] Bank Address: [*] ABA#: [*] Account #: [*] Account Name: [*] Ref: [*]

Appears in 1 contract

Samples: Loan and Security Agreement (Depomed Inc)

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