SVB Loan definition

SVB Loan means the term loan facility and an asset-based revolving credit facility provided pursuant to the SVB Loan Agreement.

SVB Loan means the Loan and Security Agreement, dated as of February 8, 2019, by and between SVB and the Company, pursuant to which SVB made available to the Company term loan advances in an original principal amount of up to Ten Million Dollars ($10,000,000.00).

SVB Loan means the Indebtedness of the Company and its Subsidiaries in favor of SVB including pursuant to that certain Loan Agreement, dated as of October 28, 2020, by and among the Company, SVB, Stifel Bank and Western Alliance Bank.

Examples of SVB Loan in a sentence

• In accordance with the terms of the 2017 Amended SVB Loan, the Company paid a final payment of $0.3 million associated with the payoff of the 2017 Amended SVB Loan.

• Should an event of default occur, including the occurrence of a material adverse change, the Company could be liable for immediate repayment of all obligations under the 2018 Amended SVB Loan.

• The 2018 Amended SVB Loan provides for interest to be paid at a rate of 9.0% per annum.

• The Company may elect to prepay prior to maturity all or any portion of the outstanding principal amounts under the 2017 SVB Loan Agreement, subject to a prepayment charge, depending on the date of prepayment or upon the occurrence of an event of default in which the Company’s obligations to repay the outstanding principal is accelerated.

• In connection with the 2018 Amended SVB Loan, the Company issued SVB a warrant to purchase 53,639 shares of its common stock at an exercise price of $2.61 per share.

More Definitions of SVB Loan

SVB Loan means that certain Loan and Security Agreement, dated as of January 1, 2019, by and between Seller and SVB.

SVB Loan means that certain loan by SVB to the Company as evidenced by the SVB Loan Documents.

SVB Loan means, subject to Section 7.4, the $15,000,000 term loan evidenced by the SVB Loan Agreement.

SVB Loan shall have the meaning set forth in Section 6.02(e).

SVB Loan means all outstanding Indebtedness of the Company and the Subsidiaries due to Silicon Valley Bank or any of its Affiliates pursuant to the SVB Loan Agreements, including all interest, fees, prepayment penalties or fees, reimbursement for costs, and any and all other amounts payable to Silicon Valley Bank or any of its Affiliates in connection with the SVB Loan Agreements, including upon a prepayment or repayment of the SVB Loan in connection with the Closing.

SVB Loan means the Company's existing credit facility (or facilities, if more than one) with Silicon Valley Bank immediately prior to the Effective Time of the Merger.

SVB Loan means the $20,000,000 term loan evidenced by the SVB LoanAgreement.