Common use of Permitted Prepayment of Growth Capital Advances Clause in Contracts

Permitted Prepayment of Growth Capital Advances. So long as no Event of Default has occurred and is continuing, Borrower shall have the option to prepay all, but not less than all, of any Growth Capital Advance advanced by Bank under this Agreement, provided Borrower (i) delivers written notice to Bank of its election to prepay such Growth Capital Advance at least thirty (30) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest for such Growth Capital Advance, (B) the Final Payment for such Growth Capital Advance, and (C) all other sums, if any, that shall have become due and payable for such Growth Capital Advance, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (LendingClub Corp), Loan and Security Agreement (LendingClub Corp)

AutoNDA by SimpleDocs

Permitted Prepayment of Growth Capital Advances. So long as no Event of Default has occurred and is continuing, Borrower shall have the option to prepay all, but not less than all, of any the Growth Capital Advance Advances advanced by Bank under this Agreement, provided Borrower (i) delivers written notice to Bank of its election to prepay such the Growth Capital Advance Advances at least thirty five (305) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest for such of all outstanding Growth Capital Advance, (B) the Final Payment for such Growth Capital AdvanceAdvances, and (CB) all other sums, if any, that shall have become due and payable for such Growth Capital Advancepayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

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

Permitted Prepayment of Growth Capital Advances. So Borrower shall have the option, so long as no an Event of Default has not occurred and is not continuing, Borrower shall have the option to prepay all, but not less than all, all or any portion of any the Growth Capital Advance Advances advanced by Bank under this Agreement, provided Borrower (i) delivers provides written notice to Bank of its election to prepay such Growth Capital Advance Advance(s) at least thirty (30) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest for such under the Growth Capital AdvanceAdvance(s) being prepaid, (B) the Final Payment for such Growth Capital AdvancePrepayment Premium, and (C) the Final Payment, plus (D) all other sums, if any, that shall have become due and payable for such Growth Capital Advancepayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Eleven Biotherapeutics, Inc.)

Permitted Prepayment of Growth Capital Advances. So Borrower shall have the option, so long as no an Event of Default has not occurred and is not continuing, Borrower shall have the option to prepay all, all (but not less than all, ) of any each 2012 Growth Capital Advance advanced by Bank under this Agreement, provided Borrower (i) delivers provides written notice to Bank of its election to prepay such 2012 Growth Capital Advance at least thirty ten (3010) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest for with respect to such 2012 Growth Capital Advance, (B) the Final Payment for such Growth Capital Advanceapplicable Prepayment Premium, and (C) the applicable Final Payment, plus (D) all other sums, if any, that shall have become due and payable for such Growth Capital Advancepayable, including interest at the Default Rate with respect to any past due amounts.”

Appears in 1 contract

Samples: Loan and Security Agreement (Eleven Biotherapeutics, Inc.)

AutoNDA by SimpleDocs

Permitted Prepayment of Growth Capital Advances. So Borrower shall have the option, so long as no an Event of Default has not occurred and is not continuing, Borrower shall have the option to prepay all, all (but not less than all, ) of any each 2014 Growth Capital Advance advanced by Bank under this Agreement, provided Borrower (i) delivers provides written notice to Bank of its election to prepay such 2014 Growth Capital Advance at least thirty ten (3010) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest for with respect to such 2014 Growth Capital Advance, (B) the Final Payment for such Growth Capital Advanceapplicable Prepayment Premium, and (C) the applicable Final Payment, plus (D) all other sums, if any, that shall have become due and payable for such Growth Capital Advancepayable, including interest at the Default Rate with respect to any past due amounts.”

Appears in 1 contract

Samples: Second Loan Modification Agreement (Eleven Biotherapeutics, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.