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 Advances, provided Borrower (i) delivers written notice to Bank of its election to prepay the Growth Capital Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Growth Capital Advances, (B) the Growth Capital Final Payment Fee and (C) all other sums, if any, that shall have become due and payable with respect to the Growth Capital Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Fig Publishing, Inc.)

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Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Growth Capital AdvancesAdvance made by Lender under this Agreement, provided Borrower Borrower, (i) delivers provides written notice to Bank Lender of its election to prepay the Growth Capital Advances Advance at least ten seven (107) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the all outstanding principal plus accrued and unpaid interest with respect to on the Growth Capital AdvancesAdvance, (B) the Growth Capital Final Payment Fee and Prepayment Fee, (C) the Final Payment, plus (D) all other sums, if any, that shall have become due and payable with respect to the Growth Capital Advancespayable, 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.)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Growth Capital AdvancesAdvances made by Lender under this Agreement, provided Borrower Borrower, (i) delivers provides written notice to Bank Lender of its election to prepay the Growth Capital Advances at least ten fifteen (1015) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the all outstanding principal plus accrued and unpaid interest with respect to on the Growth Capital Advances, (B) the Growth Capital Final Payment Fee and Payments, plus (C) all other sumssums that have become due and payable, including Lender Expenses, if any, that shall have become due and payable with respect to the Growth Capital Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Titan Pharmaceuticals Inc)

Permitted Prepayment. Borrower Borrowers shall have the option to prepay all, but not less than all, of the Growth Capital AdvancesAdvance made by Lender under this Agreement, provided Borrower Borrowers, (i) delivers provide written notice to Bank Lender of its the election to prepay the Growth Capital Advances Advance at least ten fifteen (1015) days prior to such prepayment, and (ii) payspay, on the date of such prepayment (A) the all outstanding principal plus accrued and unpaid interest with respect to on the Growth Capital AdvancesAdvance, (B) the Growth Capital Final Payment Fee and Payment, (C) the Prepayment Fee, plus (D) all other sumssums that have become due and payable, including Lender Expenses, if any, that shall have become due and payable with respect to the Growth Capital Advances, including 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.)

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Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Growth Capital AdvancesAdvance made by Lender under this Agreement, provided Borrower Borrower, (i) delivers provides written notice to Bank Lender of its election to prepay the Growth Capital Advances Advance at least ten fifteen (1015) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the all outstanding principal plus accrued and unpaid interest with respect to on the Growth Capital AdvancesAdvance, (B) the Growth Capital Final Payment Fee and Payment, plus (C) all other sumssums that have become due and payable, including Lender Expenses, if any, that shall have become due and payable with respect to the Growth Capital Advances, including 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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