Payment Default. Borrower fails to (a) make any payment of principal or interest on any Term Loan on its due date, or (b) pay any other Obligation 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);
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 any Term Loan on its due date, or (b) pay any other Obligation 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 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 any Term Loan on its due date, or (b) pay any other Obligation 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);
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 any Term Loan on its due date, or (b) pay any other Obligation 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 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 any Term Loan on its due date, or (b) pay any other Obligation 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);.
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 any the Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligations are 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 4 contracts
Samples: Subordinated Business Loan and Security Agreement (American Rebel Holdings Inc), Subordinated Business Loan and Security Agreement (Blue Star Foods Corp.), Revenue Based Factoring Mca Plus Agreement (Blue Star Foods Corp.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Term Loan on its due date, or (b) pay any other Obligation Obligations, including interest, 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 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 any Term Loan on its due date, or (b) pay any other Obligation 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);
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 any Term Loan on its due date, or (b) pay any interest or any other Obligation 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 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 any the Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligations are 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 any the Term Loan on its due date, or (b) pay any other Obligation 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);
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 any the Term Loan on its due date, or (b) pay any other Obligation within three (3) Business Days after such Obligations are 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: Confessed Judgment Guaranty Agreement (Amphitrite Digital Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any 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 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 any Term Loan on its due date, or (b) pay any other Obligation 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);
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 any Term Loan Advance on its due date, or (b) pay any other Obligation 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 or acceleration pursuant to Section 9.1 (a) 8.2 hereof);
Appears in 1 contract
Payment Default. The Borrower fails to (a) make any payment of principal or interest on any Term Loan on its due date, or (b) pay any other Obligation 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 or acceleration pursuant to Section 9.1 (a9.1(a) hereof);
Appears in 1 contract
Samples: Loan and Security Agreement (Global Eagle Entertainment Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Term Loan Credit Extension on its due date, or (b) pay any other Obligation 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 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 any Term Loan on its due date, or (b) pay any other Obligation 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) (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 any Term Loan within two (2) Business Days after the date on its which it is due date(which two (2) Business Day grace period shall not apply to payments due on the Maturity Date), or (b) pay any interest or any other Obligation 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);; or
Appears in 1 contract
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Term Loan on its due date, or (b) pay any other Obligation 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);hereof);
Appears in 1 contract
Samples: Loan and Security Agreement (scPharmaceuticals Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any the Term Loan on its due date, or (b) pay any other Obligation 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);
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 any Term Loan on its due date, or (b) pay any other Obligation 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 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 any Term Loan on its due date, or (b) pay any other Obligation 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);
Appears in 1 contract
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Term Loan on its due date, or (b) pay any other Obligation 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 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 on its due date, or (b) pay any other Obligation 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 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 any Term Loan Credit Extension on its due date, or (b) pay any other Obligation 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);
Appears in 1 contract
Payment Default. Borrower fails to (a) make any payment of principal or interest on any the Term Loan on its due date, or (b) pay any other Obligation 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 or acceleration pursuant to Section 9.1 (a9.1(a) hereof);
Appears in 1 contract
Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on any the Term Loan on its due date, date or (b) pay any other Obligation 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);
Appears in 1 contract
Samples: Loan and Security Agreement (Senseonics Holdings, Inc.)
