Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement; provided, however, that Borrower (i) provides written notice to Agent of its election to prepay the Term Loans at least fifteen (15) 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 Loans and all other Obligations, and all accrued interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, 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 Loans advanced by the Lenders under this Agreement; provided, however, that provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loans at least fifteen thirty (1530) 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 Loans and all other Obligations, plus accrued and all accrued unpaid interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, plus 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 Loans Loan advanced by the Lenders under this Agreement; provided, however, that provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loans Loan at least fifteen thirty (1530) 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 Loans Loan and all other Obligations, plus accrued and all accrued unpaid interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, plus 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 Loans advanced by the Lenders under this Agreement; provided, however, that provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loans at least fifteen thirty (1530) 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 Loans and all other Obligations, and all plus accrued interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, plus 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)
Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement; provided, however, that provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loans at least fifteen thirty (1530) 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 Loans and all other Obligations, plus accrued and all accrued unpaid interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, plus and (D) all other sums that shall have become due and payable, including Lenders’ Expenses.” and inserting in lieu thereof the following:
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Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement; provided, however, that Borrower (i) provides written notice to Agent of its election to prepay the Term Loans at least fifteen thirty (1530) 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 Loans and all other Obligations, and all accrued interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, plus (D) all other sums that shall have become due and payable, including Lenders’ Expenses.
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Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans Loan advanced by the Lenders under this Agreement; provided, however, that Borrower (i) provides written notice to Agent of its election to prepay the Term Loans Loan at least fifteen ten (1510) 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 Loans Loan and all other Obligations, and all accrued interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, 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.)
Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans Loan advanced by the Lenders under this Agreement; provided, however, that provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loans Loan at least fifteen (15) 30 days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Sharepays, on the date of such prepayment, an amount equal to the sum of: prepayment (A) all outstanding payments of principal of the Term Loans and all other Obligations, and all plus accrued interest thereondue and owing on such date and not yet paid, plus (B) all remaining payments of principal and all interest due to be paid on such principal payments in the future, plus (C) the Final Payment, plus (C) the Prepayment Fee, plus (D) all other sums sums, if any, that shall have become due and payable, including Lenders’ Expensesinterest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Loan and Security Agreement (Poniard Pharmaceuticals, Inc.)
Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement; provided, however, that Borrower (i) provides written notice to Agent of its election to prepay the Term Loans at least fifteen ten (1510) 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 Loans and all other Obligations, and all accrued interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, 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.)
Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans Loan advanced by the Lenders under this Agreement; provided, however, that provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loans Loan at least fifteen thirty (1530) days prior to such prepayment, and (ii) pays to Agent, for payment to each Lender in accordance with its respective Pro Rata Sharepays, on the date of such prepayment, an amount equal to the sum of: prepayment (A) all outstanding payments of principal of the Term Loans and all other Obligations, and all plus accrued interest thereondue and owing on such date and not yet paid, plus (B) all remaining payments of principal and all interest due to be paid on such principal payments in the future, plus (C) the Final Payment, plus (C) the Prepayment Fee, plus (D) all other sums sums, if any, that shall have become due and payable, including Lenders’ Expensesinterest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Loan and Security Agreement (Poniard Pharmaceuticals, Inc.)
Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement; provided, however, that provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loans at least fifteen (15) 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: of (A) all outstanding principal of the Term Loans and all other Obligations, and all plus accrued interest thereon, plus (B) the Prepayment Fee, (C) the Final Payment, plus (C) the Prepayment Fee, 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.
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Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement; provided, however, that provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loans at least fifteen (15) 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: of (A) all outstanding principal of the Term Loans and all other Obligations, and all plus accrued interest thereon, plus (B) the Prepayment Fee, (C) the Final Payment, plus (C) the Prepayment Fee, 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.
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Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement; provided, however, that Borrower (i) provides written notice to Agent of its election to prepay the Term Loans at least fifteen ten (1510) 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 Loans and all other Obligations, and all accrued interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, 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 shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement; provided, however, provided that Borrower (i) provides written notice to Agent of its election to prepay the Term Loans at least fifteen thirty (1530) 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 Loans and all other Obligations, plus accrued and all accrued unpaid interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, plus and (D) all other sums that shall have become due and payable, including Lenders’ Expenses.”
Appears in 1 contract
Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement; provided, however, that provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loans at least fifteen five (155) 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: of (A) all outstanding principal of the Term Loans and all other Obligations, and all plus accrued interest thereon, plus (B) the Final Payment, plus (C) the Prepayment Fee, plus 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 Borrowers shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement; providedLoans, however, that 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 Loans at least fifteen thirty (1530) 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: :
(Ai) all outstanding principal of the Term Loans plus accrued and all other Obligations, and all accrued unpaid interest thereon, plus plus
(Bii) the Prepayment Fee, plus
(iii) the Final Payment, plus plus
(C) the Prepayment Fee, plus (Div) all other sums sums, if any, that shall have become due and payable, including Lenders’ Expensesinterest at the Default Rate, if applicable.
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