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 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: Loan Modification Agreement (A123 Systems, Inc.), Loan Modification Agreement (A123 Systems, Inc.), Loan Modification Agreement (A123 Systems, Inc.)

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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: First 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 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Cryocor 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.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Cavium Networks)

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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 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 one (51) days Business Day 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Drugstore Com Inc)

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