Common use of Principal and Interest Payments On Payment Dates Clause in Contracts

Principal and Interest Payments On Payment Dates. Borrower will repay each Equipment Advance on the terms provided in the Loan Supplement relating thereto. Borrower will make payments monthly in advance of principal and accrued interest for each Equipment Advance (collectively, “Scheduled Payments”) on the first Business Day of the month following the Funding Date (or commencing on the Funding Date if the Funding Date is the first Business Day of the month) with respect to such Equipment Advance and continuing thereafter during the Repayment Period on the first Business Day of each calendar month (each a “Payment Date”), in an amount equal to the Loan Factor multiplied by the Loan Amount for such Equipment Advance. All unpaid principal and accrued and unpaid interest are due and payable in full on the last Payment Date with respect to such Equipment Advance. Payments received after 12:00 noon Pacific time are considered received at the opening of business on the next Business Day. An Equipment Advance may only be prepaid in accordance with the terms hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Salmedix Inc)

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Principal and Interest Payments On Payment Dates. Borrower will repay each the Equipment Advance Advances on the terms provided in the Loan Supplement relating theretoSupplement. Borrower will make payments monthly in advance of principal and accrued interest for each Equipment Advance (collectively, "Scheduled Payments”) "), on the first Business Day of the month following the Funding Date (or commencing on the Funding Date if the Funding Date is the first Business Day of the month) with respect to such Equipment Advance and continuing thereafter during the Repayment Period on the first Business Day of each calendar month (each a "Payment Date"), in an amount equal to the Loan Factor multiplied by the Loan Amount for such Equipment AdvanceAdvance as of such Payment Date. All unpaid principal and accrued and unpaid interest are is due and payable in full on the last Payment Date with respect to such Equipment Advance. Payments received after 12:00 noon Pacific time are considered received at the opening of business on the next Business Day. An Equipment Advance may only be prepaid in accordance with the terms hereofSection 2.3 (e).

Appears in 1 contract

Samples: Loan and Security Agreement (Infonow Corp /)

Principal and Interest Payments On Payment Dates. Borrower will repay each Equipment Advance on the terms provided in the Loan Supplement relating thereto. Borrower will make payments monthly in advance of principal and accrued interest for each Equipment Advance (collectively, "Scheduled Payments") on the first Business Day of the month following the Funding Date (or commencing on the Funding Date if the Funding Date is the first Business Day of the month) with respect to such Equipment Advance and continuing thereafter during the Repayment Period on the first Business Day of each calendar month (each a "Payment Date"), in an amount equal to the Loan Factor multiplied by the Loan Amount for such Equipment Advance. All unpaid principal and accrued and unpaid interest are due and payable in full on the last Payment Date with respect to such Equipment Advance. Payments received after 12:00 noon Pacific time are considered received at the opening of business on the next Business Day. An Equipment Advance may only be prepaid in accordance with the terms hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Jamdat Mobile Inc)

Principal and Interest Payments On Payment Dates. Borrower will repay each the Equipment Advance Advances on the terms provided in the applicable Loan Supplement relating theretoSupplement. Borrower will make payments monthly in advance of principal and accrued interest for each Equipment Advance (collectively, "Scheduled Payments”) "), on the first Business Day day of the month following the Funding Date (or commencing on the Funding Date if the Funding Date is the first Business Day day of the month) with respect to such Equipment Advance and continuing thereafter during the Repayment Period on the first Business Day day of each calendar month (each a "Payment Date"), in an amount equal to the Loan Factor multiplied by the Loan Amount for such Equipment AdvanceAdvance as of such Payment Date. All unpaid principal and accrued and unpaid interest are is due and payable in full on the last Payment Date with respect to such Equipment Advance. Payments received after 12:00 noon Pacific time are considered received at the opening of business on the next Business Day. An Equipment Advance may only be prepaid in accordance with the terms hereofSection 2.2.1(f).

Appears in 1 contract

Samples: Loan and Security Agreement (Stentor Inc)

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Principal and Interest Payments On Payment Dates. Borrower will repay each the Equipment Advance Advances on the terms provided in the Loan Supplement relating theretoSupplement. Borrower will make payments monthly in advance of principal and accrued interest for each Equipment Advance (collectively, "Scheduled Payments”) "), on the first Business Day of the month following the Funding Date (or commencing on the Funding Date if the Funding Date is the first Business Day of the month) with respect to such Equipment Advance and continuing thereafter during the Repayment Period on the first Business Day of each calendar month (each a "Payment Date"), in an amount equal to the Loan Factor multiplied by the Loan Amount for such Equipment AdvanceAdvance as of such Payment Date. All unpaid principal and accrued and unpaid interest are is due and payable in full on the last Payment Date with respect to such Equipment Advance. Payments received after 12:00 noon Pacific time are considered received at the opening of business on the next Business Day. An Equipment Advance may only be prepaid in accordance with the terms hereofSections 2.3 (e) and 2.3 (g).

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Homestead Com Inc)

Principal and Interest Payments On Payment Dates. Borrower will repay each the Equipment Advance Advances on the terms provided in the Loan Supplement relating theretoSupplement. Borrower will make payments monthly in advance of principal and accrued interest for each Equipment Advance (collectively, “Scheduled Payments”) ), on the first Business Day of the month following the Funding Date (or commencing on the Funding Date if the Funding Date is the first Business Day of the month) with respect to such Equipment Advance and continuing thereafter during the Repayment Period on the first Business Day of each calendar month (each a “Payment Date”), in an amount equal to the Loan Factor multiplied by the Loan Amount for such Equipment AdvanceAdvance as of such Payment Date. All unpaid principal and accrued and unpaid interest are is due and payable in full on the last Payment Date with respect to such Equipment Advance. Payments received after 12:00 noon Pacific time are considered received at the opening of business on the next Business Day. An Equipment Advance may only be prepaid in accordance with the terms hereofSection 2.2(f).

Appears in 1 contract

Samples: Loan Modification Agreement (Alexza Pharmaceuticals Inc.)

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