Silicon Valley Bank Loan. During the period from the date of this ------------------------ Agreement and continuing until the earlier of the termination of this Agreement pursuant to its terms or the Effective Time, Talarian shall not make any borrowings under its revolving credit facility with Silicon Valley Bank pursuant to the Amended and Restated Loan and Security Agreement dated August 6, 1998, as amended on February 22, 2001, between Talarian and Silicon Valley Bank (the "SVB Loan Agreement"). Talarian shall use its commercially reasonable efforts to cause the SVB Loan Agreement to be terminated and all collateral (including intellectual property collateral) and guaranties securing Talarian's obligations thereunder to be released and terminated prior to the Closing.
Silicon Valley Bank Loan and Security Agreement --------------------------------------------------------------------------------
Silicon Valley Bank Loan. On or prior to the Closing Date, Buyer shall have received, in a form reasonably acceptable to it, a payoff letter and release for Seller’s Liability to Silicon Valley Bank as set forth in Part 2.4 of the Seller Disclosure Letter.
Silicon Valley Bank Loan. The Company shall use a portion of the Purchase Price to repay, concurrently with Closing, all outstanding amounts owning to Silicon Valley Bank pursuant to the Loan and Security Agreement dated as of June 14, 2006 and shall use its commercially reasonable efforts to ensure that all Liens on the Transferred Assets arising out of such agreement shall be released at or as soon as reasonably practically following Closing.
Silicon Valley Bank Loan. The Company shall have terminated, and repaid in full all outstanding indebtedness under, that certain Loan and Security Agreement dated as of November 15, 2000 by an between Silicon Valley Bank ("SVB") and the Company (the "SVB LOAN AGREEMENT").
Silicon Valley Bank Loan. To the extent required to be paid by Silicon Valley Bank on or prior to the Closing Date, AHC shall have received, in a form reasonably acceptable to it, a payoff letter and release for Parascript’s Liability to Silicon Valley Bank as set forth in Part 4.19(c)(ii) of the Parascript Disclosure Letter.
Silicon Valley Bank Loan and Security Agreement -------------------------------------------------------------------------------- Unused Line Fee: In the event, in any calendar month (or portion thereof at the beginning and end of the term hereof), the average daily principal balance of the Loans outstanding during the month is less than the amount of the Maximum Credit Limit, Borrower shall pay Silicon an unused line fee in an amount equal to 0.25% per month on the difference between the amount of the Maximum Credit Limit and the average daily principal balance of the Loans outstanding during the month, which unused line fee shall be computed and paid monthly, in arrears, on the first day of the following month. ================================================================================
Silicon Valley Bank Loan. On or prior to the Closing Date, Mitek shall have received, in a form reasonably acceptable to it, a payoff letter and release for Parascript’s Liability to Silicon Valley Bank as set forth in Part 2.4 of the Parascript Disclosure Letter.
Silicon Valley Bank Loan. The Company shall cause the Obligations (as defined in the SVB Agreement) under the SVB Agreement to be paid in full and all Liens on Collateral (as defined in the SVB Agreement) to be extinguished and released, in each case as of the Closing. Parent will provide the funds necessary to effect the payment of such Obligations as of the Closing.
