Common use of Permitted Prepayment Clause in Contracts

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Growth Capital Advance made by Lender under this Agreement, provided Borrower, (i) provides written notice to Lender of its election to prepay the Growth Capital Advance at least fifteen (15) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued interest on the Growth Capital Advance, (B) the Final Payment, plus (C) all other sums that have become due and payable, including Lender 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 (Titan Pharmaceuticals Inc)

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Permitted Prepayment. Borrower Borrowers shall have the option to prepay all, but not less than all, of the Growth Capital Advance made by Lender under this Agreement, provided BorrowerBorrowers, (i) provides provide written notice to Lender of its the election to prepay the Growth Capital Advance at least fifteen (15) days prior to such prepayment, and (ii) payspay, on the date of such prepayment (A) all outstanding principal plus accrued interest on the Growth Capital Advance, (B) the Final Payment, (C) the Prepayment Fee, plus (CD) all other sums that have become due and payable, including Lender 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 (WaferGen Bio-Systems, Inc.)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Growth Capital Advance made by Lender under this AgreementAdvances, provided Borrower, Borrower (i) provides delivers written notice to Lender Bank of its election to prepay the Growth Capital Advance Advances at least fifteen ten (1510) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all the outstanding principal plus accrued and unpaid interest on with respect to the Growth Capital AdvanceAdvances, (B) the Growth Capital Final Payment, plus Payment Fee and (C) all other sums sums, if any, that shall have become due and payablepayable with respect to the Growth Capital Advances, including Lender 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 (Fig Publishing, Inc.)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Growth Capital Advance Advances made by Lender under this Agreement, provided Borrower, (i) provides written notice to Lender of its election to prepay the Growth Capital Advance Advances at least fifteen (15) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued interest on the Growth Capital AdvanceAdvances, (B) the Final PaymentPayments, plus (C) all other sums that have become due and payable, including Lender 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 (Titan Pharmaceuticals Inc)

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Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Growth Capital Advance made by Lender under this Agreement, provided Borrower, (i) provides written notice to Lender of its election to prepay the Growth Capital Advance at least fifteen seven (157) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued interest on the Growth Capital Advance, (B) the Prepayment Fee, (C) the Final Payment, plus (CD) all other sums sums, if any, that have become due and payable, including Lender 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 (Alphatec Holdings, Inc.)

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