Common use of Permitted Prepayment of Term Loan Advances Clause in Contracts

Permitted Prepayment of Term Loan Advances. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by Bank under this Agreement, provided Borrower (i) provides written notice to Bank of its election to prepay the Term Loan Advances at least five (5) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Prepayment Premium, (C) the Final Payment, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Homology Medicines, Inc.)

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Permitted Prepayment of Term Loan Advances. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by Bank under this the Prior Loan Agreement, provided Borrower (i) provides delivers written notice to Bank of its election to prepay the Term Loan Advances at least five (5) days (or such shorter period permitted by Bank in writing in Bank’s sole discretion) prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Prepayment Premium, (C) the Final PaymentFee, and (DC) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

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

Permitted Prepayment of Term Loan Advances. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by Bank under this AgreementLender, provided Borrower (i) provides delivers written notice to Bank Lender of its election to prepay the Term Loan Advances at least five (5) days (or such shorter period permitted by Lender in writing in Lender’s sole discretion) prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Prepayment Premium, (C) the Final Paymentintentionally omitted, and (DC) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (BigCommerce Holdings, Inc.)

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Permitted Prepayment of Term Loan Advances. Borrower shall have the option to prepay all, but not less than all, of the each Term Loan Advances Advance advanced by Bank under this Agreement, provided Borrower (i) provides written notice to Bank of its election to prepay the such Term Loan Advances Advance at least five thirty (530) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest with respect to the such Term Loan AdvancesAdvance, (B) the Prepayment PremiumFinal Payment with respect to such Term Loan Advance, (C) the Final PaymentPrepayment Premium with respect to such Term Loan Advance, and plus (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (XOMA Corp)

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