Common use of Prepayment Upon an Event of Loss Clause in Contracts

Prepayment Upon an Event of Loss. If any Collateral is subject to an Event of Loss and Borrower is required to or elects to prepay the Loans with respect to such Collateral pursuant to SECTION 6.10, then the Loans shall be prepaid to the extent and in the manner provided in such section.

Appears in 4 contracts

Samples: Loan and Security Agreement (Soundbite Communications Inc), Loan and Security Agreement (Alnylam Pharmaceuticals Inc), Loan and Security Agreement (Nextcard Inc)

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Prepayment Upon an Event of Loss. If any Collateral is subject to an Event of Loss and Borrower is required to or elects to prepay the Loans with respect to such Collateral pursuant to SECTION Section 6.10, then the Loans shall be prepaid to the extent and in the manner provided in such section.

Appears in 4 contracts

Samples: Loan and Security Agreement (Codexis Inc), Loan and Security Agreement (Maxygen Inc), Loan and Security Agreement (Riverbed Technology, Inc.)

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