Common use of Permitted Prepayment of Loans Clause in Contracts

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan at least thirty (30) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of (A) all outstanding principal of the Term Loan and all other Obligations, plus accrued and unpaid interest thereon, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums that shall have become due and payable, including Lenders’ Expenses.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nupathe Inc.), Loan and Security Agreement (Nupathe Inc.)

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Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement; provided, provided however, that Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Loans at least thirty fifteen (3015) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of of: (A) all outstanding principal of the Term Loan Loans and all other Obligations, plus and all accrued and unpaid interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, and plus (D) all other sums that shall have become due and payable, including Lenders’ Expenses.

Appears in 2 contracts

Samples: Loan and Security Agreement (Regado Biosciences Inc), Loan and Security Agreement (Regado Biosciences Inc)

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Loans at least thirty (30) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of (A) all outstanding principal of the Term Loan Loans and all other Obligations, plus accrued and unpaid interest thereon, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums that shall have become due and payable, including Lenders’ Expenses.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nupathe Inc.), Loan and Security Agreement (Nupathe Inc.)

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Loans at least thirty (30) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of (A) all outstanding principal of the Term Loan Loans and all other Obligations, plus accrued and unpaid interest thereon, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums that shall have become due and payable, including Lenders’ Expenses.” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Loan and Security Agreement (Nupathe Inc.)

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Loans at least thirty (30) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of (A) all outstanding principal of the Term Loan and all other ObligationsLoans, plus accrued and unpaid interest thereon, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums that shall have become due and payable, including Lenders’ Expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Alimera Sciences Inc)

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loan Loans at least thirty fifteen (3015) days prior to such prepayment, and (ii) pays to AgentLenders on the date of such prepayment, for payment payable to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of (A) all outstanding principal of the Term Loan and all other Obligations, Loans plus accrued and unpaid interest thereon, (B) the Final PaymentPrepayment Fee, (C) the Prepayment FeeFinal Payment, and plus (D) all other sums sums, that shall have become due and payable, including Lenders' Expenses, if any, and interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Tranzyme Inc)

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Loans at least thirty five (305) days Business Days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of (A) all outstanding principal of the Term Loan Loans and all other Obligations, plus accrued and unpaid interest thereon, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums that shall have become due and payable, including Lenders’ Expenses.” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Loan Modification Agreement (Celldex Therapeutics, Inc.)

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loan Loans at least thirty fifteen (3015) days prior to such prepayment, and (ii) pays to AgentLenders on the date of such prepayment, for payment payable to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of (A) all outstanding principal of the Term Loan and all other Obligations, Loans plus accrued and unpaid interest thereon, (B) the Final PaymentPrepayment Fee, (C) the Prepayment FeeFinal Payment, and plus (D) all other sums sums, that shall have become due and payable, including Lenders’ Expenses, if any, and interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Tranzyme Inc)

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement, provided that Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Loans at least thirty (30) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of (A) all outstanding principal of the Term Loan Loans and all other Obligations, plus accrued and unpaid interest thereon, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums that shall have become due and payable, including Lenders’ Expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Nupathe Inc.)

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Loans at least thirty (30) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of (A) all outstanding principal of the Term Loan Loans and all other Obligations, plus accrued and unpaid interest thereon, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums that shall have become due and payable, including Lenders’ Expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Biolase Technology Inc)

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Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement; provided, provided however, that Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Loans at least thirty (30) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of of: (A) all outstanding principal of the Term Loan Loans and all other Obligations, plus and all accrued and unpaid interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, and plus (D) all other sums that shall have become due and payable, including Lenders’ Expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Epicept Corp)

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement; provided, provided however, that Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Loans at least thirty ten (3010) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of of: (A) all outstanding principal of the Term Loan Loans and all other Obligations, plus and all accrued and unpaid interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, and plus (D) all other sums that shall have become due and payable, including Lenders’ Expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Bacterin International Holdings, Inc.)

Permitted Prepayment of Loans. Borrower Borrowers shall have the option to prepay all, but not less than all, of the Term Loan advanced by the Lenders under this AgreementLoans, provided Borrower (i) Representative provides written notice to Agent (whereupon Agent shall promptly provide written notice thereof to Lenders) of its election to prepay the Term Loan Loans at least thirty (30) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Sharepay, on the date of such prepayment, to Agent, for the ratable benefit of Lenders, an amount equal to the sum of of: (Ai) all outstanding principal of the Term Loan and all other Obligations, plus accrued and unpaid interest thereon, plus (Bii) the Prepayment Fee, plus (iii) the Final Payment, plus (C) the Prepayment Fee, and (Div) all other sums sums, if any, that shall have become due and payable, including Lenders’ Expensesinterest at the Default Rate, if applicable.

Appears in 1 contract

Samples: Loan and Security Agreement (EBR Systems, Inc.)

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Loans at least thirty five (305) days Business Days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of (A) all outstanding principal of the Term Loan Loans and all other Obligations, plus accrued and unpaid interest thereon, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums that shall have become due and payable, including Lenders’ Expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Celldex Therapeutics, Inc.)

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, all or a portion of the Term Loan Loans advanced by the Lenders under this Agreement; provided, provided however, that Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Loans at least thirty (30) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of of: (A) all outstanding principal amount of the Term Loan and all other Obligations, Obligations (plus accrued and unpaid interest thereon) being prepaid, plus (B) the Final PaymentPayment applicable to the amount being prepaid, plus (C) the Prepayment FeeFee applicable to the amount being prepaid, and plus (D) all other sums that shall have become due and payable, including Lenders’ Expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Kalobios Pharmaceuticals Inc)

Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Loans advanced by the Lenders under this Agreement; provided, provided however, that Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Loans at least thirty ten (3010) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Share, on the date of such prepayment, an amount equal to the sum of of: (A) all outstanding principal of the Term Loan Loans and all other Obligations, plus and all accrued and unpaid interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, and plus (D) all other sums that shall have become due and payable, including Lenders’ Expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Furiex Pharmaceuticals, Inc.)

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