Repayment of the Term Loan Advances. Commencing on the Term Loan Amortization Date, and continuing on each Payment Date thereafter, Borrower shall repay the aggregate outstanding Term Loan Advances to Agent, for the account of the Lenders, in (i) consecutive equal monthly installments of principal based on the Repayment Schedule, plus (ii) monthly payments of accrued and unpaid interest on the outstanding principal amount of each Term Loan Advance at the rate set forth in Section 2.3(a). All outstanding principal and accrued and unpaid interest with respect to the Term Loan Advances, and all other outstanding Obligations under the Term Loan Advances, are due and payable in full on the Term Loan Maturity Date.
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Samples: Loan and Security Agreement (Phathom Pharmaceuticals, Inc.), Loan and Security Agreement (Phathom Pharmaceuticals, Inc.)
Repayment of the Term Loan Advances. Commencing on the Term Loan Amortization Date, and continuing on each Payment Date thereafter, Borrower shall repay the aggregate outstanding amount of the Term Loan Advances to Agent, for the account of the Lenders, in (i) consecutive equal monthly installments of principal based over the number of months for the period commencing on the Repayment ScheduleAmortization Date and ending on the Term Loan Maturity Date, plus (ii) monthly payments of accrued and unpaid interest on the outstanding principal amount of each Term Loan Advance at the rate set forth in Section 2.3(a). All outstanding principal and accrued and unpaid interest with respect to the Term Loan Advances, and all other outstanding Obligations under the Term Loan Advances, are due and payable in full on the Term Loan Maturity Date.
Appears in 1 contract
Samples: Loan and Security Agreement (Eidos Therapeutics, Inc.)
Repayment of the Term Loan Advances. Commencing on the Term Loan Amortization Date, and continuing on each Payment Date thereafter, Borrower shall repay the aggregate outstanding Term Loan Advances to Agent, for the account of the Lenders, in (i) consecutive equal monthly installments of principal based over the number of months for the period commencing on the Repayment ScheduleAmortization Date and ending on the Term Loan Maturity Date, plus (ii) monthly payments of accrued and unpaid interest on the outstanding principal amount of each Term Loan Advance at the rate set forth in Section 2.3(a). All outstanding principal and accrued and unpaid interest with respect to the Term Loan Advances, and all other outstanding Obligations under the Term Loan Advances, are due and payable in full on the Term Loan Maturity Date.
Appears in 1 contract
Samples: Loan and Security Agreement (Dova Pharmaceuticals Inc.)