Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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.
Appears in 10 contracts
Samples: Business Loan and Security Agreement (Super League Enterprise, Inc.), Subordinated Business Loan and Security Agreement (Banzai International, Inc.), Subordinated Business Loan and Security Agreement (Perfect Moment Ltd.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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.);
Appears in 9 contracts
Samples: Loan and Security Agreement (Neuronetics, Inc.), Loan and Security Agreement (Neuronetics, Inc.), Loan and Security Agreement (Arcutis Biotherapeutics, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation Obligations within three (3) Business Days after such Obligation is 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 or acceleration pursuant to Section 9.1 (a) hereof.);
Appears in 7 contracts
Samples: Loan and Security Agreement (MDxHealth SA), Loan and Security Agreement (CVRx, Inc.), Loan and Security Agreement (Eiger BioPharmaceuticals, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation Obligations within three (3) Business Days after such Obligation is 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.);
Appears in 6 contracts
Samples: Loan and Security Agreement (Axcella Health Inc.), Loan and Security Agreement (Exagen Inc.), Loan and Security Agreement (Exagen Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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 or acceleration pursuant to Section 9.1 (a) hereof.);
Appears in 5 contracts
Samples: Loan and Security Agreement (Cardiva Medical, Inc.), Loan and Security Agreement (Scynexis Inc), Loan and Security Agreement (Achaogen Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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).
Appears in 4 contracts
Samples: Loan and Security Agreement (Alimera Sciences Inc), Loan and Security Agreement (Alimera Sciences Inc), Loan and Security Agreement (Alimera Sciences Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation Obligations, including interest, within three (3) Business Days after such Obligation is 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 or acceleration pursuant to Section 9.1 (a) hereof.);
Appears in 3 contracts
Samples: Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (Syndax Pharmaceuticals Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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(i) hereof.
Appears in 2 contracts
Samples: Business Loan and Security Agreement (Biofrontera Inc.), Business Loan and Security Agreement (Biofrontera Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation Obligations within three (3) Business Days after such Obligation is 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.);
Appears in 2 contracts
Samples: Loan and Security Agreement (Rockwell Medical, Inc.), Loan and Security Agreement (Rockwell Medical, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan on its due date, or (b) pay any other Obligation Obligations within three (3) Business Days after such Obligation is 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.);
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Transenterix Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is due and payable (which three (3) Business Day grace period shall not constitute the cure period and shall apply to payments any payment when due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofunder this Agreement).
Appears in 2 contracts
Samples: Subordinated Business Loan Agreement (Energous Corp), Subordinated Business Loan Agreement (Energous Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any interest or any other Obligation Obligations within three (3) Business Days after such Obligation is 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 or acceleration pursuant to Section 9.1 (a) hereof.);
Appears in 2 contracts
Samples: Loan and Security Agreement (Imprimis Pharmaceuticals, Inc.), Loan and Security Agreement (Imprimis Pharmaceuticals, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan any Credit Extension on its due date, or (b) pay any other Obligation Obligations within three (3) Business Days after such Obligation is 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.or
Appears in 2 contracts
Samples: Loan and Security Agreement (ObsEva SA), Loan and Security Agreement (Cytokinetics Inc)
Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on the Term Loan on its due date, date or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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.);
Appears in 1 contract
Samples: Loan and Security Agreement (Senseonics Holdings, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan any Advance on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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 or acceleration pursuant to Section 9.1 (a) 8.2 hereof.);
Appears in 1 contract
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan any Credit Extension on its due date, or (b) pay any other Obligation Obligations within three (3) Business Days after such Obligation is Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof.Date
Appears in 1 contract
Samples: Loan and Security Agreement (ARYx Therapeutics, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan any Credit Extension on its due date, or (b) pay any other Obligation Obligations within three (3) Business Days after such Obligation is 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.);
Appears in 1 contract
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation Obligations within three (3) [***] Business Days after such Obligation is 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.);
Appears in 1 contract
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation Obligations within three (3) Business Days after such Obligation is 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 or acceleration pursuant to Section 9.1 (a9.1(a) hereof.);
Appears in 1 contract
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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.);
Appears in 1 contract
Samples: Loan and Security Agreement (Senseonics Holdings, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is due and payable (which three (3) Business Day grace period shall not apply to payments due on the the. Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof.
Appears in 1 contract
Samples: Business Loan, Guaranty, and Security Agreement (Amphitrite Digital Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation Obligations within three (3) Business Days after such Obligation is 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.) (but no Term Loan will be made during the cure period);
Appears in 1 contract
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan due hereunder on its due datedate (including a mandatory prepayment of the Obligations pursuant to Section 2.2(c)), or (b) pay any other Obligation Obligations within three (3) Business Days after such Obligation is 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) 8.1 hereof).
Appears in 1 contract
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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.);
Appears in 1 contract
Samples: Loan and Security Agreement (Spectrum Pharmaceuticals Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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 or acceleration pursuant to Section 9.1 (a9.1(a) hereof.);
Appears in 1 contract
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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 or acceleration pursuant to Section 9.1 (a9.1(a) hereof).
Appears in 1 contract
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation Obligations within three (3) Business Days after such Obligation is 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 or acceleration pursuant to Section 9.1 (a) hereof.); 8.2
Appears in 1 contract
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Term Loan within two (2) Business Days after the date on which it is due (which two (2) Business Day grace period shall not apply to payments due on the Term Loan on its due dateMaturity Date), or (b) pay any interest or any other Obligation Obligations within three (3) Business Days after such Obligation is 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.Date); or
Appears in 1 contract
Payment Default. Borrower fails to (a) make any makeany payment of principal or interest on the Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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.
Appears in 1 contract
Samples: Subordinated Business Loan and Security Agreement (Banzai International, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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).
Appears in 1 contract
Samples: Subordinated Business Loan and Security Agreement (Nuvve Holding Corp.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on the any Term Loan on its due date, or (b) pay any other Obligation Obligations within three (3) Business Days after such Obligation is 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.hereof);
Appears in 1 contract
Samples: Loan and Security Agreement (scPharmaceuticals Inc.)
Payment Default. The Borrower fails to (a) make any payment of principal or interest on the Term any Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligation is 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 or acceleration pursuant to Section 9.1 (a9.1(a) hereof.);
Appears in 1 contract
Samples: Loan and Security Agreement (Global Eagle Entertainment Inc.)
