Growth Capital Advance. Subject to Section 2.4(b), the principal amount of the Growth Capital Advance outstanding shall accrue interest, which interest shall be payable monthly in arrears as more fully set forth in Section 2.1.1(b), at a fixed per annum rate equal to one percent (1.00%) above the Prime Rate.
Growth Capital Advance. For each Growth Capital Advance, Borrower shall make monthly payments of interest only commencing on the first Business Day of the month following the month in which the Growth Capital Funding Date occurs with respect to such Growth Capital Advance and continuing thereafter on the first Business Day of each successive calendar month (each a “Growth Capital Interest Only Payment Date”) during the Growth Capital Interest Only Period. Commencing on the Growth Capital Amortization Date, Borrower shall make thirty (30) equal monthly payments of principal and interest which would fully amortize the outstanding Growth Capital Advances as of the Growth Capital Amortization Date over the Growth Capital Repayment Period (individually, the “Growth Capital Scheduled Payment,” and collectively, “Growth Capital Scheduled Payments”) and on the first Business Day of each successive month and continuing thereafter during the Growth Capital Repayment Period on the first Business Day of each successive calendar month (each a “Growth Capital Scheduled Payment Date”). All unpaid principal and accrued interest is due and payable in full on the Growth Capital Maturity Date with respect to such Growth Capital Advance. A Growth Capital Advance may only be prepaid in accordance with Sections 2.3(c) and 2.3(d). Each Growth Capital Interest Only Payment Date and each Growth Capital Scheduled Payment Date are sometimes referred to as a “Growth Capital Payment Date.”
Growth Capital Advance. The Growth Capital Advance shall bear interest, on the outstanding daily balance thereof, on the terms set forth in the Pricing Addendum.
Growth Capital Advance. Subject to Section 2.4(b), the principal amount outstanding for the Growth Capital Advance shall accrue interest, which interest shall be payable monthly in arrears, at a fixed per annum rate equal to twelve percent (12.00%).
Growth Capital Advance. To obtain the Growth Capital Advance, Borrower must deliver to Bank a completed Payment/Advance Form in the form attached as Exhibit B. On the Growth Capital Funding Date, Bank shall credit and/or transfer (as applicable) to the Designated Deposit Account, an amount equal to the Growth Capital Advance. Bank may rely on any telephone notice given by a person whom Bank reasonably believes is a Responsible Officer. Borrower shall indemnify Bank for any loss Bank suffers due to such reliance.
Growth Capital Advance. To obtain the Growth Capital Advance, Alphatec must deliver to Collateral Agent a completed Payment/Advance Form in the form attached as Exhibit B. Upon receipt of the Payment/Advance Form, Collateral Agent shall promptly provide a copy of the same to each Lender. On the Growth Capital Funding Date, each Lender shall credit and/or transfer (as applicable) to the Designated Deposit Account, an amount equal to its Growth Capital Commitment Percentage multiplied by the amount of the Growth Capital Advance, less any amounts owing from Borrowers to GE as of the Growth Capital Funding Date, such amounts to be sent by Lenders via wire transfer directly to GE in accordance with the terms of the Payoff Letter. Each Lender may rely on any telephone notice given by a person whom such Lender reasonably believes is a Responsible Officer. Borrowers shall indemnify each Lender for any loss Lender suffers due to such reliance.
Growth Capital Advance. On the Growth Capital Maturity Date with respect to each Growth Capital Advance, Borrower shall pay, in addition to the unpaid principal and accrued interest and all other amounts due on such date with respect to such Growth Capital Advance, an amount equal to the Growth Capital Final Payment.
Growth Capital Advance. Subject to Section 2.3(b), the Growth Capital Advance shall bear interest on the outstanding principal amount thereof from the Growth Capital Funding Date until paid in full at a fixed rate per annum equal to 12.06%. Pursuant to the terms hereof, interest on the Growth Capital Advance shall be paid in arrears on the first day of each month. Interest shall also be paid on the date of any prepayment of the Growth Capital Advance pursuant to this Agreement for the portion of the Growth Capital Advance so prepaid and upon payment (including prepayment) in full thereof. All accrued but unpaid interest on the Growth Capital Advance shall be due and payable on the Maturity Date. Interest shall accrue on the Credit Extension for the day on which the Credit Extension is made, and shall not accrue on the Credit Extension, or any portion thereof, for the day on which the Credit Extension or such portion is paid.
Growth Capital Advance. To obtain the Growth Capital Advance, Borrower must notify Lender by facsimile or telephone by 12:00 p.m. Pacific Time at least ten (10) Business Days prior to the date the Growth Capital Advance is to be made. If such notification is by telephone, Borrower must promptly confirm the notification by delivering to Lender a completed Payment/Advance Form in the form attached as Exhibit B. On the Funding Date, Lender shall transfer to Borrower’s deposit account, as designated on the Payment/Advance Form, an amount equal to the amount of the Growth Capital Advance. Lender may make the Growth Capital Advance under this Agreement based on instructions from a Responsible Officer or his or her designee. Lender may rely on any telephone notice given by a person whom such Lender believes is a Responsible Officer or designee. Borrower shall indemnify Lender for any loss Lender suffers due to such reliance.
Growth Capital Advance. (i) Subject to and upon the terms and conditions of this Agreement, Borrowers may request a single term loan (the “Growth Capital Advance”) on the Closing Date in an aggregate amount not to exceed the Growth Capital Line. Borrowers shall use the first proceeds of the Growth Capital Advance to repay all Indebtedness owing by Borrowers to Hercules and any remaining balance for general working capital purposes.
