Common use of Permitted Prepayment of Loans Clause in Contracts

Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice to Administrative Agent of its election to prepay the Loans at least thirty (30) days prior to such prepayment, and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

Appears in 6 contracts

Samples: Loan and Security Agreement (Alto Neuroscience, Inc.), Loan and Security Agreement (Alto Neuroscience, Inc.), Loan and Security Agreement (TScan Therapeutics, Inc.)

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Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice to Administrative Agent of its election to prepay the Loans at least thirty (30) 30 days prior to such prepayment, and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

Appears in 3 contracts

Samples: Conformed Loan and Security Agreement (Metacrine, Inc.), Loan and Security Agreement (Metacrine, Inc.), Loan and Security Agreement (Metacrine, Inc.)

Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice to Administrative Agent of its election to prepay the Loans at least thirty ten (3010) days Business Days prior to such prepayment, and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

Appears in 2 contracts

Samples: Loan and Security Agreement (Evelo Biosciences, Inc.), Loan and Security Agreement (Evelo Biosciences, Inc.)

Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice to Administrative Agent of its election to prepay the Loans at least thirty fifteen (3015) days prior to such prepaymentprepayment (it being understood and agreed that any such prepayment may be made conditional upon the occurrence of a “change of control” or a refinancing of the Obligations), and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

Appears in 1 contract

Samples: Loan and Security Agreement (Molecular Templates, Inc.)

Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice to Administrative Agent of its election to prepay the Loans at least thirty (30) days (or such shorter period as the Administrative Agent may agree in its discretion) prior to such prepayment, and pay, on the date of such prepayment, to LendersAdministrative Agent, ratablyfor the ratable benefit of Secured Parties, an amount equal to the sum of:

Appears in 1 contract

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

Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide Borrower Representative provides written notice to Administrative Agent of its the Borrowers’ election to prepay the Loans at least thirty ten (3010) days Business Days prior to such prepayment, and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

Appears in 1 contract

Samples: Guaranty, and Security Agreement (ASLAN Pharmaceuticals LTD)

Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice to Administrative Agent of its election to prepay the Loans at least thirty (30) days prior to such prepaymentprepayment (which notice may be contingent on the consummation of a refinancing or other transaction), and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

Appears in 1 contract

Samples: Loan and Security Agreement (Elevation Oncology, Inc.)

Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice (a “Prepayment Notice”) to Administrative Agent of its election to prepay the Loans at least thirty (30) days prior to such prepaymentprepayment (or such shorter period as Administrative Agent may approve in writing in its sole discretion), and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

Appears in 1 contract

Samples: Loan and Security Agreement (Mind Medicine (MindMed) Inc.)

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Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice (the “Prepayment Notice”) to Administrative Agent of its election to prepay the Loans at least thirty fifteen (3015) days Business Days prior to such prepayment, and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

Appears in 1 contract

Samples: Loan and Security Agreement (Aptinyx Inc.)

Permitted Prepayment of Loans. Borrowers Debtor shall have the option to prepay all, but not less than all, of the LoansLoans hereunder, provided Borrowers provide Debtor (a) provides written notice to Administrative Agent Lender of its election to prepay the Loans Loan at least thirty (30) days prior to such prepayment, and pay(b) pays, on the date of such prepaymentprepayment (i) all outstanding principal plus accrued interest, to Lenders(ii) the Final Payment, ratablyand (iii) all other sums, an amount equal to the sum of:if any, that shall have become due and payable hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Thinkengine Networks, Inc.)

Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice to Administrative Agent of its election to prepay the Loans at least thirty (30) days prior to such prepayment, and pay, on the date of such prepayment, to Administrative Agent, for the ratable benefit of the Lenders, ratably, an amount equal to the sum of:

Appears in 1 contract

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

Permitted Prepayment of Loans. Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice (a “Prepayment Notice”) to Administrative Agent of its election to prepay the Loans at least thirty (30) days prior to such prepayment, and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

Appears in 1 contract

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

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