Common use of Termination Prior to Maturity Date; Survival Clause in Contracts

Termination Prior to Maturity Date; Survival. All covenants, representations and warranties made in this Agreement shall continue in full force until this Agreement has terminated pursuant to its terms and all Obligations have been satisfied and all commitments of Lender to make loans to Borrower have terminated. So long as Borrower has satisfied the Obligations (other than inchoate indemnity obligations) and all commitments of Lender to make loans to Borrower have terminated, this Agreement may be terminated by Borrower, effective three (3) Business Days after written notice of termination is given to Lender. Those obligations that are expressly specified in this Agreement as surviving this Agreement’s termination shall continue to survive notwithstanding this Agreement’s termination.

Appears in 2 contracts

Samples: Subordination Agreement (RMG Networks Holding Corp), Subordination Agreement (RMG Networks Holding Corp)

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Termination Prior to Maturity Date; Survival. All covenants, representations and warranties made in this Agreement shall continue in full force until this Agreement has terminated pursuant to its terms and all Obligations have been satisfied (other than (a) inchoate indemnity obligations and all commitments (b) other obligations that survive termination of Lender to make loans to Borrower have terminatedthis Agreement, in each case, for which no claim has been made). So long as Borrower has satisfied the Obligations (other than (a) inchoate indemnity obligationsobligations and (b) and all commitments other obligations that survive termination of Lender to make loans to Borrower have terminatedthis Agreement, in each case, for which no claim has been made) in accordance with the terms of this Agreement, this Agreement may be terminated prior to the Maturity Date by Borrower, effective three (3) Business Days after written notice of termination is given to Lender. Those obligations that are expressly specified in this Agreement as surviving this Agreement’s termination shall continue to survive notwithstanding this Agreement’s terminationthe Collateral Agent and the Lenders.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ardelyx, Inc.), Loan and Security Agreement (Achaogen Inc)

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Termination Prior to Maturity Date; Survival. All covenants, representations and warranties made in this Agreement shall continue in full force until this Agreement has terminated pursuant to its terms and all Obligations have been satisfied (other than (a) inchoate indemnity obligations, and all commitments (b) other obligations that, by their terms, survive termination of Lender to make loans to Borrower have terminatedthis Agreement, in each case, for which no claim has been made). So long as Borrower has satisfied the Obligations (other than (a) inchoate indemnity obligations, and (b) and all commitments other obligations that, by their terms, survive termination of Lender to make loans to Borrower have terminatedthis Agreement, in each case, for which no claim has been made) in accordance with the terms of this Agreement, this Agreement may be terminated prior to the Maturity Date by Borrower, effective three (3) Business Days after written notice of termination is given to Lender. Those obligations that are expressly specified in this Agreement as surviving this Agreement’s termination shall continue to survive notwithstanding this Agreement’s terminationthe Collateral Agent and the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Ardelyx, Inc.)

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