Payment Default. Borrower fails to pay any of the Obligations within three (3) days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall be made during the cure period);
Appears in 11 contracts
Samples: Loan and Security Agreement (Genzyme Transgenics Corp), Loan and Security Agreement (NMS Communications Corp), Loan Modification Agreement (Phase Forward Inc)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall be made during the cure period);
Appears in 11 contracts
Samples: Loan and Security Agreement (Art Technology Group Inc), Loan and Security Agreement (Critical Therapeutics Inc), Loan Modification Agreement (Athenahealth Inc)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the additional such three (3) Business Day period the failure to cure the default is shall not constitute an Event of Default (but no Credit Extension shall be made during the cure such period);
Appears in 7 contracts
Samples: Loan and Security Agreement (Aprimo, INC), Loan and Security Agreement (Skillsoft Public Limited Co), Loan Modification Agreement (Skillsoft Public Limited Co)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension Extensions shall be made during the cure period);
Appears in 7 contracts
Samples: Loan Agreement (Lightbridge Inc), Loan and Security Agreement (Learningstar Inc), Loan and Security Agreement (Object Design Inc)
Payment Default. If Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 6 contracts
Samples: Loan and Security Agreement, Loan Modification Agreement (Sirf Technology Holdings Inc), Loan and Security Agreement (Motive Inc)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days after their due date. During the additional such three (3) day period the failure to cure the default is shall not constitute an Event of Default (but no Credit Extension shall be made during the cure such period);
Appears in 6 contracts
Samples: Loan and Security Agreement (Axs One Inc), Loan and Security Agreement (Ibasis Inc), Loan and Security Agreement (Voxware Inc)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the additional such three (3) Business Day period the failure to cure the default is shall not constitute an Event of Default (but no Credit Extension shall be made during the such cure period);.
Appears in 5 contracts
Samples: Loan Modification Agreement (A123 Systems, Inc.), Term Loan and Security Agreement (A123 Systems Inc), Loan Modification Agreement (A123 Systems, Inc.)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days after their due date. During the additional such three (3) day period the failure to cure the default is shall not constitute an Event of Default (but no Credit Extension shall be made during the such cure period);.
Appears in 5 contracts
Samples: Loan and Security Agreement (Physiometrix Inc), Loan and Security Agreement (ExactTarget, Inc.), Loan and Security Agreement (ClearStory Systems, Inc.)
Payment Default. Borrower fails to pay any of the Obligations within three (3) 3 days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall Extensions will be made during the cure period);
Appears in 5 contracts
Samples: Loan and Security Agreement (Jamdat Mobile Inc), Loan and Security Agreement (Salmedix Inc), Loan and Security Agreement (Epicedge Inc)
Payment Default. Borrower fails If Borrowers fail to pay any of the Obligations within when due and such failure shall continue for three (3) days after their due dateBusiness Days. During the additional period time, the failure to cure the default is not an Event of Default (but no Credit Extension shall Extensions will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Manugistics Group Inc), Loan and Security Agreement (Manugistics Group Inc), Loan and Security Agreement (Manugistics Group Inc)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days after their due date. During the additional period the failure to cure the default is shall not constitute an Event of Default (but no Credit Extension shall be made during the such cure period);.
Appears in 4 contracts
Samples: Loan and Security Agreement (Acclarent Inc), Loan and Security Agreement (Hansen Medical Inc), Loan and Security Agreement (TorreyPines Therapeutics, Inc.)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the additional such three (3) day period the failure to cure the default is shall not constitute an Event of Default (but no Credit Extension shall be made during the such cure period);.
Appears in 3 contracts
Samples: Term Loan and Security Agreement (Cavium Networks), Loan and Security Agreement (LTX Corp), Loan and Security Agreement (LTX Corp)
Payment Default. If Borrower fails to pay any of the Obligations within three (3) days 3 Business Days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Lexar Media Inc), Loan and Security Agreement (Lexar Media Inc), Loan and Security Agreement (Novoste Corp /Fl/)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the additional three (3) Business Day period the failure to cure the default is shall not constitute an Event of Default (but no Credit Extension shall be made during the such cure period);.
Appears in 3 contracts
Samples: Loan and Security Agreement (Cadence Pharmaceuticals Inc), Loan and Security Agreement (Cadence Pharmaceuticals Inc), Loan and Security Agreement (Cadence Pharmaceuticals Inc)
Payment Default. Borrower fails Borrowers fail to pay any of the Obligations within three (3) days Business Days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall Extensions will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Blackboard Inc), Loan and Security Agreement (Blackboard Inc)
Payment Default. Borrower fails to pay any of the Obligations within three (3) 3 days after their due date. During the additional period the failure to cure the default is not an Event of Default (Default, but no Credit Extension Extensions shall be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Stereotaxis, Inc.), Loan and Security Agreement (Stereotaxis, Inc.)
Payment Default. Borrower fails Borrowers fail to pay any of the Obligations within three (3) 3 days after their due date. During the 3-day additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall Extensions will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement by And (Kanbay International Inc), Loan and Security Agreement by And (Kanbay International Inc)
Payment Default. Borrower fails to pay any of the Obligations within three two (32) days Business Days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall Extensions will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Breakaway Solutions Inc), Loan and Security Agreement (Breakaway Solutions Inc)
Payment Default. If Borrower fails to pay any of the Obligations within three (3) days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Redback Networks Inc), Loan and Security Agreement (Odimo INC)
Payment Default. If Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the such additional three (3) Business Day period the failure to cure the such payment default is not an Event of Default hereunder (but no Credit Extension shall will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Kintera Inc), Loan and Security Agreement (Skinmedica Inc)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Bank shall not be obligated to make Credit Extension shall be made Extensions during the cure period);
Appears in 2 contracts
Samples: Loan Modification Agreement (Constant Contact, Inc.), Loan Modification Agreement (Constant Contact, Inc.)
Payment Default. If Borrower fails to pay any of the Obligations within three (3) days after their due dateof when due. During the additional period time, the failure to cure the default is not an Event of Default (but no Credit Extension shall Extensions will be made during the cure period);
Appears in 1 contract
Samples: Loan and Security Agreement (Ultimate Software Group Inc)
Payment Default. Borrower fails to pay any of the Obligations within three (3) 3 business days after their its due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall Extensions will be made during the cure period);
Appears in 1 contract
Payment Default. If Borrower fails to pay any of the Obligations within three (3) 3 business days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Homestead Com Inc)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the additional period three Business-Day period, the failure to cure the default is not itself an Event of Default (but Bank will have no obligation to make a Credit Extension shall be made during the cure three Business-Day period);.
Appears in 1 contract
Samples: Loan and Security Agreement (Invision Technologies Inc)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the additional three Business Day period the failure to cure the payment default is shall not constitute an Event of Default (but no Credit Extension shall be made during the such cure period);.
Appears in 1 contract
Samples: Loan and Security Agreement (Poniard Pharmaceuticals, Inc.)
Payment Default. Borrower fails to pay any of the Obligations within --------------- three (3) days Business Days after their due date. During the additional period described in the foregoing sentence the failure to cure the default is not an Event of Default (but no Credit Extension shall be made during the cure period);
Appears in 1 contract
Payment Default. Borrower fails to pay any of the Obligations within three (3) days after their due date. During the additional period period, the failure to cure the default is not an Event of Default (but no Credit Extension shall Extensions will be made during the cure period);.
Appears in 1 contract
Payment Default. If Borrower fails to pay any of the Obligations within three (3) 3 days after their due date. During the additional period the failure to cure the default is not an Event of Default (but Default. However, during such period no Credit Extension shall Extensions will be made during the cure period)made;
Appears in 1 contract
Payment Default. Borrower fails to pay any of the Obligations within three (3) 3 days after their due date. During the such additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall Extensions will be made during the cure period);
Appears in 1 contract
Payment Default. Borrower fails to pay any of the Obligations within three (3) days after their due date. During the additional such three (3) day period the failure to cure the default is shall not constitute an Event of Default (but no Credit noCredit Extension shall be made during the cure such period);
Appears in 1 contract
Samples: Loan and Security Agreement (American Science & Engineering Inc)
Payment Default. If Borrower fails to pay any of the Obligations within three (3) days 3 Business Days after their due date. During the additional 3 Business Day period the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 1 contract
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the additional three (3) Business Day period the failure to cure the payment default is shall not constitute an Event of Default (but no Credit Extension shall be made during the such cure period);.
Appears in 1 contract
Samples: Loan and Security Agreement (Inspire Pharmaceuticals Inc)
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the additional such three (3) Business Day period the failure to cure the default is shall not constitute an Event of Default (but no Credit Extension shall be made during the such cure period);
Appears in 1 contract
Payment Default. If Borrower fails to pay any of the Obligations within three (3) 3 days after their due date. During the this additional 3-day period the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the this 3-day cure period);
Appears in 1 contract
Payment Default. If Borrower fails to pay any of the Obligations within three (3) 3 business days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no additional Credit Extension shall will be made during the cure period);
Appears in 1 contract
Payment Default. Borrower fails to pay any of the Obligations within three (3) days after their due date. During the additional period three day period, the failure to cure the default is not itself an Event of Default (but Bank shall have no obligation to make a Credit Extension shall be made during the cure three day period);.
Appears in 1 contract
Payment Default. If Borrower fails to pay any of the Obligations within when and as the same become due and payable and such failure continues unremedied for a period of three (3) days after their due dateBusiness Days. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 1 contract
Payment Default. If any Borrower fails to pay any of the Obligations within three (3) days after their due dateBusiness Days of when due. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 1 contract
Payment Default. If Borrower fails to pay any of the Obligations within three (3) days 3 Business Days after their due date. During the such additional 3 day period the failure to cure the such payment default is not an Event of Default hereunder (but no Credit Extension shall will be made during the cure period);
Appears in 1 contract
Samples: Loan and Security Agreement (Dpac Technologies Corp)
Payment Default. Any Borrower fails to pay any of the Obligations within three (3) days after their Business Days of when due dateto make any payment of principal or interest on any Credit Extension or other Obligation. During the additional period cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 1 contract
Payment Default. If either Borrower fails to pay any of the Obligations within three (3) 3 business days after their due date. During the additional period 3 business-day period, the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 1 contract
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the additional period three-Business Day period, the failure to cure the default is not itself an Event of Default (but Bank shall have no obligation to make a Credit Extension shall be made during the cure three-Business Day period);.
Appears in 1 contract
Payment Default. Borrower fails to pay any of the Obligations within three (3) days after their due date. During the additional three (3) day period the failure to cure the default is not an Event of Default (but no Credit Extension Extensions shall be made during the cure period);
Appears in 1 contract
Samples: Loan and Security Agreement (Synchronoss Technologies Inc)
Payment Default. If Borrower fails to pay any of the Obligations when due within three (3) days Business Days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 1 contract
Payment Default. If Borrower fails to pay any of the Obligations within three (3) days after their due dateof when due. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 1 contract
Samples: Loan and Security Agreement (Daleen Technologies Inc)
Payment Default. If Borrower fails to pay any of the Obligations within three (3) 3 business days after their due date. During the additional period 3 business day period, the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 1 contract
Payment Default. If Borrower fails to pay any of the Obligations within three (3) days 3 Business Days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Credit Extension shall will be made during the cure period);.
Appears in 1 contract
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date (provided that such delay is not due to the failure of Bank to properly execute an automatic debit pursuant to Section 2.2(d), provided funds for such debit were available on the due date). During the additional such three (3) Business Day period the failure to cure the default is shall not constitute an Event of Default (but no Credit Extension shall be made during the such cure period);.
Appears in 1 contract
Samples: Loan and Security Agreement (Cyberkinetics Neurotechnology Systems, Inc.)
Payment Default. Borrower fails to pay any of the Obligations Obligation within three (3) days Business Days after their such Obligations are due dateand payable. During the additional period cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension shall will be made during the cure period);
Appears in 1 contract
Payment Default. If Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the such additional three day period the failure to cure the such payment default is not an Event of Default hereunder (but no Credit Extension shall will be made during the cure period);
Appears in 1 contract
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due datedate (the "Cure Period"). During the additional period Cure Period the failure to cure the default is not an Event of Default (but no Credit Extension shall Extensions will be made during the cure periodCure Period);
Appears in 1 contract
Payment Default. Borrower fails to pay any of the Obligations within three 3 days (34 days if the third day is a non Business Day) days after their due date. During the additional period the failure to cure the default is not an Event of Default (but no Advances or other Credit Extension shall Extensions will be made during the cure period);
Appears in 1 contract
Payment Default. Borrower fails to pay any of the Obligations within three (3) days Business Days after their due date. During the additional period three-day period, the failure to cure the default is not itself an Event of Default (but Bank shall have no obligation to make a Credit Extension shall be made during the cure three-day period);.
Appears in 1 contract
