Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan 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 Term Loan, and (B) all other sums, if any, that shall have become due and payable with respect to the Term Loan, including interest at the Default Rate with respect to any past due amounts.
Appears in 3 contracts
Samples: Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term LoanLoan A, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan A 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 Term LoanLoan A, and (B) all other sums, if any, that shall have become due and payable with respect to the Term LoanLoan A, including interest at the Default Rate with respect to any past due amounts.
Appears in 3 contracts
Samples: Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan at least ten five (105) 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 interest, (B) the Term LoanPrepayment Premium, (C) the Final Payment, and (BD) all other sums, if any, that shall have become due and payable with respect to the Term Loanpayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 2 contracts
Samples: Loan and Security Agreement (Eloqua, Inc.), Loan and Security Agreement (Eloqua, Inc.)
Permitted Prepayment. Borrower shall have the option to prepay allin its entirety, but not less than all, of the Term Loan, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan 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 Term Loan, (B) the Term Loan Prepayment Fee, (D) the Final Payment and (BD) all other sums, if any, that shall have become due and payable with respect to the Term Loan, including interest at the Default Rate with respect to any past due amounts.
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Permitted Prepayment. Borrower shall have the option to prepay all, all (but not less than all, ) of the Term Loan, provided Borrower (i) delivers provides written notice to Bank of its election to prepay the Term Loan at least ten five (105) days Business 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 under the Term Loan, (B) the Prepayment Premium, if applicable, (C) the Final Payment, and (BD) all other sums, if any, that shall have become due and payable with respect to the Term Loanhereunder, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan at least ten five (105) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the all outstanding principal plus and accrued and unpaid interest with respect to the Term Loan, (B) the Prepayment Premium and (BC) all other sums, if any, that shall have become due and payable with respect to the Term Loan, including interest at the Default Rate with respect to any past due amounts.. 2
Appears in 1 contract
Samples: Loan and Security Agreement
Permitted Prepayment. So long as no Event of Default has occurred and is continuing, Borrower shall have the option to prepay all, but not less than all, all or any portion of the Term Loan, provided Borrower (i) delivers provides written notice to Bank Lender of its election to prepay the Term Loan at least ten five (105) days Business Days prior to such prepayment, prepayment and (ii) pays, on the date of such prepayment (A) the outstanding principal plus all accrued and unpaid interest with respect to on the Term Loan, amount of principal being prepaid and (B) all other sums, if any, that shall have become due and payable with respect to the Term Loanpayable, including interest at the Default Rate with respect to any past due amounts.
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Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan at least ten five (105) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the all outstanding principal plus and accrued and unpaid interest with respect to the Term Loan, (B) the Prepayment Premium and (BC) all other sums, if any, that shall have become due and payable with respect to the Term Loan, including interest at the Default Rate with respect to any past due amounts.
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