Common use of Termination; Repayment Clause in Contracts

Termination; Repayment. The Non-formula Revolving Line terminates on the Non-formula Revolving Line Maturity Date, when the principal amount of all Non-formula Advances, the unpaid interest thereon, and all other Obligations relating to the Non-formula Revolving Line shall be immediately due and payable. The Non-formula Revolving Line may be prepaid at any time in full or in part without prepayment premium or penalty.

Appears in 2 contracts

Samples: Senior Loan and Security Agreement (Mavenir Systems Inc), Senior Loan and Security Agreement (Mavenir Systems Inc)

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Termination; Repayment. The Revolving Non-formula Revolving Formula Line terminates on the Revolving Non-formula Revolving Formula Line Maturity Date, when the principal amount of all Non-formula Formula Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Non-formula Revolving Formula Line shall be immediately due and payable. The Non-formula Revolving Line may be prepaid at any time in full or in part without prepayment premium or penalty.

Appears in 2 contracts

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

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Termination; Repayment. The Non-formula Formula Revolving Line terminates on the applicable Non-formula Formula Revolving Line Maturity Date, when the principal amount of all Non-formula Formula Advances, the unpaid interest thereon, and all other Obligations relating to the Non-formula Formula Revolving Line shall be immediately due and payable. The Non-formula Revolving Line may be prepaid at any time in full or in part without prepayment premium or penalty.2.2

Appears in 1 contract

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

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