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 Loans advanced by Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loans at least thirty (30) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest, (B) the Prepayment Fee, (C) the Final Payment for each Term Loan, plus (D) all other sums, 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 (Meru Networks Inc), Loan Modification Agreement (Meru Networks 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 Loans Loan advanced by Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loans Loan at least thirty three (303) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest, (B) the Prepayment FeeFinal Payment, (C) the Final Payment for each Term LoanPrepayment Fee, plus and (D) all other sums, 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 (Vringo 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 Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loans Loan at least thirty (30) 30 days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding payments of principal plus accrued interest due and unpaid interestowing 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 Prepayment Feefuture, plus (C) the Final Payment for each Term LoanPayment, plus (D) all other sums, 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 (Poniard 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 Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loans Loan at least thirty (30) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding payments of principal plus accrued interest due and unpaid interestowing 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 Prepayment Feefuture, plus (C) the Final Payment for each Term LoanPayment, plus (D) all other sums, 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 (Poniard Pharmaceuticals, 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 Loans Loan advanced by Lenders under this Agreement, provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loans Loan at least thirty (30) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest, (B) the Prepayment Fee, (C) the Final Payment for each Term LoanPayment, plus (D) all other sums, 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 Term Loans advanced by Lenders under this Agreement, provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loans at least thirty fifteen (3015) days prior to such prepayment, and (ii) pays, pays to Lenders on the date of such prepayment prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of (A) all outstanding principal of the Term Loans plus accrued and unpaid interestinterest thereon, (B) the Prepayment Fee, (C) the Final Payment for each Term LoanPayment, plus (D) all other sums, if any, 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)

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