Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Advances advanced by Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Advances at least five (5) days prior to such prepayment, and (ii) pays, on the date of such prepayment: (i) all outstanding principal plus accrued interest, (ii) the Final Payment plus (iii) all other sums, including the Prepayment Fee, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.
Appears in 4 contracts
Samples: Term Loan and Security Agreement (A123 Systems, Inc.), Term Loan and Security Agreement (A123 Systems Inc), Term Loan and Security Agreement (A123 Systems, Inc.)
Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Advances Term Loans advanced by Lenders Bank under this Agreement, provided Borrower (i) provides written notice to Agent Bank of its election to prepay the Advances Term Loans at least five thirty (530) days prior to such prepayment, and (ii) pays, on the date of such prepayment: prepayment (iA) all outstanding principal plus accrued interest, (iiB) the Final Payment Payment, plus (iiiC) all other sums, including the Prepayment Fee, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.
Appears in 2 contracts
Samples: Loan and Security Agreement (Carbylan Therapeutics, Inc.), Loan and Security Agreement (Carbylan Therapeutics, Inc.)
Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of each of the Advances Acquisition Loans advanced by Lenders Bank under this Agreement, provided Borrower (i) provides written notice to Agent Bank of its election to prepay the Advances applicable Acquisition Loan(s) at least five (5) days Business Days prior to such prepayment, and (ii) pays, on the date of such prepayment: prepayment (iA) all outstanding principal of the Acquisition Loan(s) being prepaid plus accrued interestinterest thereon, (ii) the Final Payment plus (iiiB) all other sums, including the Prepayment Fee, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.
Appears in 2 contracts
Samples: Loan Modification Agreement (Mercury Computer Systems Inc), Loan and Security Agreement (Mercury Computer Systems Inc)
Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Advances advanced by Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Advances at least five thirty (530) days prior to such prepayment, and (ii) pays, on the date of such prepayment: prepayment (iA) all outstanding principal plus accrued interest, (iiB) the Final Payment plus (iiiC) all other sums, sums including the Prepayment Fee, if any, that shall have become due and payable, including 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 Advances Term Loan advanced by Lenders under this Agreement, provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Advances Term Loan at least five thirty (530) days prior to such prepayment, and (ii) pays, on the date of such prepayment: prepayment (iA) all outstanding principal plus accrued interest, (iiB) the Prepayment Fee, (C) the Final Payment Payment, plus (iiiD) all other sums, including the Prepayment Fee, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Loan and Security Agreement (Somaxon Pharmaceuticals, Inc.)
Permitted Prepayment of Loans. Borrower shall have the option to prepay all, but not less than all, of the Advances Term Loan advanced by Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Advances Term Loan at least five three (53) days prior to such prepayment, and (ii) pays, on the date of such prepayment: prepayment (iA) all outstanding principal plus accrued and unpaid interest, (iiB) the Final Payment plus Payment, (iiiC) the Prepayment Fee, and (D) all other sums, including the Prepayment Fee, if any, that shall have become due and payable, including 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 Advances Term Loans advanced by Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Advances Term Loans at least five thirty (530) days prior to such prepayment, and (ii) pays, on the date of such prepayment: prepayment (iA) all outstanding principal plus accrued interest, (iiB) the Final Payment Prepayment Fee, plus (iiiC) all other sums, including the Prepayment Fee, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.
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