Square 1 Bank definition
Examples of Square 1 Bank in a sentence
The Number of Shares for which this Warrant shall be exercisable shall be based on the principal amount of Term Loans made by Square 1 Bank to the Company pursuant to that Loan and Security Agreement by and between the Company and Square 1 Bank dated as of April 10, 2015 (the “Loan Agreement”).
No Debtor shall maintain any Deposit Account, cash collateral account or investment account with any institution other than Comerica Bank or Square 1 Bank, in accordance with Section 7.14 of the Credit Agreement.
We are excited to have you as a Square 1 Bank client and want to spread the word about your success! From press releases to mentions on social media sites, and all points in between, Square 1’s marketing and communications team is constantly seeking new opportunities to promote our clients and to connect them to prospects, existing customers, and the larger entrepreneurial/venture capital community.
Each Debtor agrees to promptly notify the Agent in writing of all Deposit Accounts, cash collateral accounts or investments accounts opened at Square 1 Bank after the date hereof.
As of the date hereof, all Deposit Accounts, cash collateral accounts or investment accounts of each Debtor (except for those Deposit Accounts located with the Agent) are located at Square 1 Bank.
Each of the Investors shall have executed and delivered to Square 1 Bank a subordination agreement in the form attached hereto as Exhibit B.
Borrowers and Bank (as successor in interest to Square 1 Bank) are parties to that certain Loan and Security Agreement dated as of June 14, 2013 (as amended from time to time including by that certain First Amendment to Loan and Security Agreement dated as of October 1, 2014, the “Agreement”).
Square 1 Bank also holds two outstanding warrants to purchase the Company’s Series A Convertible Preferred Stock.
If the aggregate original principal amount of Term Loans made by Square 1 Bank to the Company pursuant to the Loan Agreement is greater than $2,500,000, this Warrant shall be exercisable for a number of shares equal to (i) 1.00% of the aggregate principal amount of Terms Loans made by Square 1 Bank to the Company pursuant to the Loan Agreement divided by (ii) the Initial Exercise Price, up to a total of 79,545 Shares.
All notices to the Holder shall be addressed as follows: Square 1 Bank Attention: Warrant Administrator ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 240 ▇▇▇▇▇ Building Durham, NC 27701 All notices to the Company shall be addressed as follows: VetInsurance International, Inc.