Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 169 contracts
Samples: Loan and Security Agreement (Syros Pharmaceuticals, Inc.), Loan and Security Agreement (Verona Pharma PLC), Loan and Security Agreement (Syros Pharmaceuticals, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 99 contracts
Samples: Loan and Security Agreement (Ceribell, Inc.), Loan and Security Agreement (Ceribell, Inc.), Loan and Security Agreement (Couchbase, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 71 contracts
Samples: Loan and Security Agreement (Contineum Therapeutics, Inc.), Loan and Security Agreement (Homology Medicines, Inc.), Mezzanine Loan and Security Agreement (Grove Collaborative Holdings, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 68 contracts
Samples: Loan and Security Agreement (Acme United Corp), Loan and Security Agreement (Acme United Corp), Loan and Security Agreement (eASIC Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof)payable. During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 59 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Radisys Corp), Loan and Security Agreement (Lantronix Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 25 contracts
Samples: Loan and Security Agreement (Moneylion Inc.), Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Fusion Acquisition Corp.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 23 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Axcelis Technologies Inc), Loan and Security Agreement (Axcelis Technologies Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 16 contracts
Samples: Loan and Security Agreement (Tenaya Therapeutics, Inc.), Loan and Security Agreement (Castle Biosciences Inc), Loan and Security Agreement (Serve Robotics Inc. /DE/)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 12 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Omeros Corp), Loan and Security Agreement (Omeros Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 11 contracts
Samples: Loan and Security Agreement (Avidity Biosciences, Inc.), Loan and Security Agreement (Avidity Biosciences, Inc.), Loan and Security Agreement (1Life Healthcare Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 10 contracts
Samples: Loan and Security Agreement (Myomo, Inc.), Loan and Security Agreement (Ibotta, Inc.), Loan and Security Agreement (Beamr Imaging Ltd.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 10 contracts
Samples: Loan and Security Agreement (Root, Inc.), Loan and Security Agreement (Root Stockholdings, Inc.), Loan and Security Agreement (Arsanis, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 9 contracts
Samples: Loan and Security Agreement (Aclaris Therapeutics, Inc.), Loan and Security Agreement (CareDx, Inc.), Loan and Security Agreement (Relypsa Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 9 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Complete Genomics Inc), Loan and Security Agreement (Enernoc Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofGrowth Capital Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 8 contracts
Samples: Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Grove Collaborative Holdings, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall will not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 7 contracts
Samples: Loan and Security Agreement (Trustwave Holdings, Inc.), Loan and Security Agreement (Caliper Life Sciences Inc), Loan and Security Agreement (Caliper Life Sciences Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 7 contracts
Samples: Subordinate Loan and Security Agreement (S&W Seed Co), Loan and Security Agreement (S&W Seed Co), Loan and Security Agreement (Xenon Pharmaceuticals Inc.)
Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 6 contracts
Samples: Loan and Security Agreement (TrueCar, Inc.), Loan and Security Agreement (GOOD TECHNOLOGY Corp), Loan and Security Agreement (GOOD TECHNOLOGY Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 6 contracts
Samples: Loan and Security Agreement (Infinity Oil & Gas Co), Loan and Security Agreement (Evoke Pharma Inc), Loan and Security Agreement (Evoke Pharma Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 5 contracts
Samples: Loan and Security Agreement (Solta Medical Inc), Loan and Security Agreement (Ramtron International Corp), Loan and Security Agreement (Danger Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 5 contracts
Samples: Loan and Security Agreement (Network Engines Inc), Loan and Security Agreement (Finisar Corp), Loan and Security Agreement (Soundbite Communications Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 5 contracts
Samples: Subordinated Loan and Security Agreement (Apptio Inc), Loan and Security Agreement (EnteroMedics Inc), Loan and Security Agreement (EnteroMedics Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Trovagene, Inc.), Loan and Security Agreement (Relypsa Inc), Loan and Security Agreement (Relypsa Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or and/or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (AtriCure, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified in clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (BioAge Labs, Inc.), Loan and Security Agreement (Lipocine Inc.), Loan and Security Agreement (Threshold Pharmaceuticals Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (EyePoint Pharmaceuticals, Inc.), Loan and Security Agreement, Loan and Security Agreement (Aehr Test Systems)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Bluearc Corp), Loan and Security Agreement (Cerus Corp), Loan and Security Agreement (Cerus Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Enernoc Inc), Loan and Security Agreement (Enernoc Inc), Loan and Security Agreement (Bridgeline Software, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 4 contracts
Samples: Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Castle Biosciences Inc), Loan and Security Agreement (Castle Biosciences Inc), Loan and Security Agreement (Castle Biosciences Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or and/or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Avalara Inc), Loan and Security Agreement (Array Biopharma Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date Date, the Growth Capital Maturity Date, the Equipment Maturity Date, or the date of acceleration pursuant to Section 9.1 (a) hereofPrior Equipment Maturity Date). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);.
Appears in 4 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified in clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Ignyta, Inc.), Loan and Security Agreement (Tracon Pharmaceuticals, Inc.), Loan and Security Agreement (Ignyta, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof)Date. During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Endologix Inc /De/), Loan and Security Agreement (GPS Industries, Inc.), Loan and Security Agreement (Strasbaugh)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Maturity Date or the maturity date of acceleration pursuant to Section 9.1 (a) hereofany Credit Extension). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (AltheaDx, Inc.), Loan and Security Agreement (AltheaDx, Inc.), Loan and Security Agreement (AltheaDx, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Marketo, Inc.), Loan and Security Agreement (Marketo, Inc.), Loan and Security Agreement (Proofpoint Inc)
Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Sophiris Bio Inc.), Loan and Security Agreement (Sophiris Bio Inc.), Loan and Security Agreement (Sophiris Bio Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 3 contracts
Samples: Loan and Security Agreement (Castle Biosciences Inc), Loan and Security Agreement (Castle Biosciences Inc), Loan and Security Agreement (Nuvectra Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During Notwithstanding the foregoing, during the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Splunk Inc), Loan and Security Agreement (Splunk Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on or before its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Force10 Networks Inc), Loan and Security Agreement (Force10 Networks Inc), Loan and Security Agreement (Force10 Networks Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof2011 Existing Growth Capital Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Roku, Inc), Loan and Security Agreement (Roku, Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause 8.2(b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Axonics, Inc.), Loan and Security Agreement, Loan and Security Agreement (Axonics Modulation Technologies, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Vitae Pharmaceuticals, Inc), Loan and Security Agreement (Vitae Pharmaceuticals, Inc), Loan and Security Agreement (Vitae Pharmaceuticals, Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 3 contracts
Samples: Loan and Security Agreement (Natera, Inc.), Loan and Security Agreement (Natera, Inc.), Loan and Security Agreement (Natera, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofRefinancing Term Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 3 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Apptio Inc), Loan and Security Agreement (Apptio Inc)
Payment Default. Any Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Overland Storage Inc), Loan and Security Agreement (Aviat Networks, Inc.), Loan and Security Agreement (Aviat Networks, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three five (35) Business Days after such Obligations are due and payable (which three five (35) Business Day grace period shall will not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Term Loan and Security Agreement, Term Loan and Security Agreement (Meru Networks Inc), Term Loan and Security Agreement (Meru Networks Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofGrowth Capital Maturity Date, as applicable). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Natera, Inc.), Loan and Security Agreement (Natera, Inc.), Loan and Security Agreement (Natera, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereofherein). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Imprivata Inc), Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Xactly Corp), Loan and Security Agreement (Splunk Inc), Loan and Security Agreement (AtriCure, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Cryocor Inc), Loan Agreement (Trubion Pharmaceuticals, Inc), Loan and Security Agreement (EnteroMedics Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofGrowth Capital Term Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Okta, Inc.), Loan and Security Agreement (Okta, Inc.), Loan and Security Agreement (Okta, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three five (35) Business Days after such Obligations are due and payable (which three five (35) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofEquipment Line Maturity Date). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Motricity Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three five (35) Business Days after such Obligations are due and payable (which three five (35) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Conexant Systems Inc), Loan and Security Agreement (Conexant Systems Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term A Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm B Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (TRIA Beauty, Inc.), Loan and Security Agreement (TRIA Beauty, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Clarus Therapeutics Inc), Loan and Security Agreement (Clarus Therapeutics Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Venture Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Tremor Video Inc.), Loan and Security Agreement (Tremor Video Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Growth Capital Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Cyoptics Inc), Loan and Security Agreement (Cyoptics Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or and/or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan 2017 Maturity Date, as applicable). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan Modification Agreement, Loan Modification Agreement (Vericel Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default under clause (b) is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Iterum Therapeutics PLC), Loan and Security Agreement
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Impinj Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or and/or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date, as applicable). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 2 contracts
Samples: Loan Modification Agreement (Real Goods Solar, Inc.), Loan Modification Agreement (Luna Innovations Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Twilio Inc), Loan and Security Agreement (Twilio Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofExisting Term Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Basis Global Technologies, Inc.), Loan and Security Agreement (Basis Global Technologies, Inc.)
Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Financial Engines, Inc.), Loan and Security Agreement (Internet Brands, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations (under (a) or (b) above) are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Revolving Line Maturity Date Date, or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereofherein). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Eloqua, Inc.), Loan and Security Agreement (Eloqua, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or and/or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan 2011 Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 2 contracts
Samples: Loan Modification Agreement, Loan Modification Agreement (Global Telecom & Technology, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the applicable Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Dimension Therapeutics, Inc.), Loan and Security Agreement (Dimension Therapeutics, Inc.)
Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (GOOD TECHNOLOGY Corp), Loan and Security Agreement (GOOD TECHNOLOGY Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Yodle Inc), Loan and Security Agreement (Vringo Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Growth Capital II Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofRevolving Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);.
Appears in 2 contracts
Samples: Loan and Security Agreement (Root, Inc.), Loan and Security Agreement (Root Stockholdings, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) [ * ] Business Days after such Obligations are due and payable (which three (3) [ * ] Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Cerus Corp), Loan and Security Agreement (Cerus Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Bridge Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (BG Medicine, Inc.), Loan and Security Agreement (BG Medicine, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Growth Capital Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Carbylan Therapeutics, Inc.), Loan and Security Agreement (Carbylan Therapeutics, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or and/or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan 2011 Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Sonic Foundry Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or and/or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date, as applicable). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (AtriCure, Inc.), Loan and Security Agreement (ChyronHego Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofany Equipment Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Adaptive Insights Inc), Loan and Security Agreement (Adaptive Insights Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofGrowth Capital Advance Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Carbylan Therapeutics, Inc.), Loan and Security Agreement (Carbylan Therapeutics, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Tranche A Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTranche B Growth Capital Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan Agreement (Aquinox Pharmaceuticals, Inc), Loan Agreement (Aquinox Pharmaceuticals (Usa) Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Revolving Maturity Date, the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (ConforMIS Inc), Loan and Security Agreement (ConforMIS Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Venture Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);” and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: Loan and Security Agreement (Tremor Video Inc.), Loan and Security Agreement (Tremor Video Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Stereotaxis, Inc.), Loan and Security Agreement (Microfluidics International Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension Advance on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension Advance will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Term Loan Maturity Date Date, or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereofherein). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Fate Therapeutics Inc), Loan and Security Agreement (Fate Therapeutics Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three five (35) Business Days after such Obligations are due and payable (which three five (35) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Telecommunication Systems Inc /Fa/), Loan and Security Agreement (Telecommunication Systems Inc /Fa/)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay interest on any Credit Extension or any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the applicable Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);” and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: Loan and Security Agreement (T2 Biosystems, Inc.), Loan and Security Agreement (T2 Biosystems, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);” and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: Loan Modification Agreement (Real Goods Solar, Inc.), Loan Modification Agreement (Luna Innovations Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datedate including, without limitation, as required pursuant to Section 2.6 hereof, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (AtriCure, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified in clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Singular Genomics Systems, Inc.), Loan and Security Agreement (Sunesis Pharmaceuticals Inc)
Payment Default. Any Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Channeladvisor Corp), Loan and Security Agreement (Channeladvisor Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay interest on any Credit Extension or any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the applicable Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (T2 Biosystems, Inc.), Loan and Security Agreement (T2 Biosystems, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm-Out Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 2 contracts
Samples: Loan and Security Agreement (Medallia, Inc.), Loan and Security Agreement (Medallia, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Growth Capital Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan Agreement (Veracyte, Inc.), Loan and Security Agreement (Veracyte, Inc.)
Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) 3 Business Days after such Obligations are due and payable (which three (3) 3 Business Day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Sciclone Pharmaceuticals Inc), Loan and Security Agreement (Sciclone Pharmaceuticals Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (ConforMIS Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereof). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (TRIA Beauty, Inc.), Loan and Security Agreement (TRIA Beauty, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);.”
Appears in 2 contracts
Samples: Loan and Security Agreement (Impinj Inc), Loan and Security Agreement (Impinj Inc)
Payment Default. Either Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Relm Wireless Corp), Loan and Security Agreement (GlobalOptions Group, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due dateor Obligations under any Bank Services Agreement when due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Carbon Black, Inc.), Loan and Security Agreement (Carbon Black, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofRevolving Line Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 2 contracts
Samples: Loan and Security Agreement (Treace Medical Concepts, Inc.), Loan and Security Agreement (Treace Medical Concepts, Inc.)
