Interest Only Payments. Borrower shall make monthly payments of interest-only on each Term Loan Advance commencing on the first (1st) calendar day of the first (1st) month following the month in which the Funding Date for such Term Loan Advance occurs and continuing thereafter during the Interest-Only Period on the first (1st) calendar day of each successive month.
Appears in 2 contracts
Samples: Loan and Security Agreement (Avidity Biosciences, Inc.), Loan and Security Agreement (Avidity Biosciences, Inc.)
Interest Only Payments. For each Term Loan Advance, Borrower shall make monthly payments of accrued interest-only on each Term Loan Advance commencing on the first (1st) calendar day of the first (1st) month following the month in which the Funding Date for occurs with respect to such Term Loan Advance occurs and continuing thereafter during the Interest-Only Period on the first (1st) calendar day of each successive month.
Appears in 2 contracts
Samples: Loan and Security Agreement (Alpine Immune Sciences, Inc.), Loan and Security Agreement (Alpine Immune Sciences, Inc.)
Interest Only Payments. For each Term Loan Advance, Borrower shall make monthly payments of interest-only on each Term Loan Advance commencing on the first (1st) calendar day of the first (1st) month following the month in which the Funding Date for such of the applicable Term Loan Advance occurs and continuing thereafter during the Interest-Only Period on the first (1st) calendar day of each successive month.
Appears in 1 contract
Samples: Loan and Security Agreement (Ariosa Diagnostics, Inc.)
Interest Only Payments. For each Term Loan Advance, Borrower shall make monthly payments of interest-only on each Term Loan Advance commencing on the first (1st) calendar day of the first (1st) month following the month in which the Funding Date for such Term Loan Advance occurs and continuing thereafter during the Interest-Only Period on the first (1st) calendar day of each successive month.
Appears in 1 contract
Samples: Loan and Security Agreement (Ariosa Diagnostics, Inc.)
Interest Only Payments. Borrower shall make monthly payments of interest-accrued interest only on each Term Loan Advance commencing on the first (1st) calendar day of the first (1st) month immediately following the month in which the Funding Date for such of a Growth Capital Term Loan Advance occurs and continuing thereafter during the Interest-Only Period on the first (1st) calendar day of each successive monthmonth thereafter during the Interest-Only Period.
Appears in 1 contract
Interest Only Payments. For each Term Loan Advance, Borrower shall make monthly payments of accrued interest-only on each Term Loan Advance commencing on the first (1st) calendar day of the first (1st) month immediately following the month in which the Funding Date for occurs with respect to such Term Loan Advance occurs and continuing thereafter during the Interest-Only Period on the first (1st) calendar day of each successive monthmonth during the Interest-Only Period.
Appears in 1 contract
