Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advance advanced by the Term Loan Lenders under this Agreement, provided Borrower (i) delivers written notice to Agent and each Term Loan Lender of its election to prepay the Term Loan Advance at least fifteen (15) days prior to such prepayment, and (ii) pays to Agent, for the account of each Term Loan Lender, as applicable, on the date of such prepayment (A) the 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 Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 3 contracts
Samples: Credit and Security Agreement (Flexion Therapeutics Inc), Credit and Security Agreement (Flexion Therapeutics Inc), Credit and Security Agreement (Flexion Therapeutics Inc)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advance Advances advanced by the Term Loan Lenders under this Agreement, provided Borrower (i) delivers written notice to Agent and each Term Loan Lender of its election to prepay the Term Loan Advance Advances at least fifteen five (155) days Business Days prior to such prepayment, and (ii) pays to Agent, for the account of each Term Loan Lender, as applicablethe Lenders in accordance with its respective Pro Rata Share, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Prepayment PremiumFee, (C) the Final Payment and (D) all other sums, if any, that shall have become due and payable under the Loan Documents with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Loan and Security Agreement (Eidos Therapeutics, Inc.)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advance Advances advanced by the Term Loan Lenders under this Agreement, provided Borrower (i) delivers written notice to Agent and each Term Loan Lender of its election to prepay the Term Loan Advance Advances at least fifteen (15) days prior to such prepayment, and (ii) pays to Agent, for the account of each Term Loan Lender, as applicable, on the date of such prepayment (A) the 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 Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Credit and Security Agreement (Flexion Therapeutics Inc)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advance Advances advanced by the Term Loan Lenders under this Agreement, provided Borrower (i) delivers provides written notice to Agent and each Term Loan Lender of its election to prepay the Term Loan Advance Advances at least fifteen three (153) days Business Days prior to such prepayment, and (ii) pays to Agent, for the account of each Term Loan Lender, as applicablethe Lenders in accordance with their respective Pro Rata Shares, on the date of such prepayment (A) the all outstanding principal of, plus accrued and unpaid interest with respect to on, 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 Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Loan and Security Agreement (MedAvail Holdings, Inc.)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, all or any portion of the Term Loan Advance advanced by the Term Loan Lenders under this AgreementAdvances, provided Borrower (i) delivers written notice to Agent and each Term Loan Lender Bank of its election to prepay the Term Loan Advance Advances at least fifteen ten (1510) days prior to such prepayment, and (ii) pays to Agent, for the account of each Term Loan Lender, as applicablepays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvances along with a notice of the portion of the principal amount being prepaid (which shall be in increments of $5,000,000), (B) the Prepayment PremiumFee with respect to the portion of the Term Loan Advances being prepaid, (C) the Final Payment with respect to the portion of the Term Loan Advances being prepaid, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvances being prepaid, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Loan and Security Agreement (Environmental Impact Acquisition Corp)