Common use of No Reborrowing Clause in Contracts

No Reborrowing. Once a Term Loan is repaid or prepaid, it cannot be reborrowed.

Appears in 14 contracts

Samples: Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (BG Medicine, Inc.)

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No Reborrowing. Once a the Term Loan is repaid or prepaid, it cannot be reborrowed.

Appears in 6 contracts

Samples: Loan and Security Agreement (Infraredx Inc), Loan and Security Agreement (Navidea Biopharmaceuticals, Inc.), Loan Agreement (XOMA Corp)

No Reborrowing. Once a any portion of the Term Loan is repaid or prepaid, it cannot be reborrowed.

Appears in 3 contracts

Samples: Loan and Security Agreement (Synta Pharmaceuticals Corp), Loan and Security Agreement (Cytori Therapeutics, Inc.), Loan and Security Agreement (MDRNA, Inc.)

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No Reborrowing. Once any portion of a Term Loan is repaid or prepaid, it cannot be reborrowed.

Appears in 2 contracts

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

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