Common use of End of Term Charge Clause in Contracts

End of Term Charge. On the earliest to occur of (i) the Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 5 contracts

Samples: Loan and Security Agreement (Corindus Vascular Robotics, Inc.), Loan and Security Agreement (Corindus Vascular Robotics, Inc.), Loan and Security Agreement (Your Internet Defender, Inc)

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End of Term Charge. On the earliest to occur of (i) the Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)50,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 5 contracts

Samples: Loan and Security Agreement (Enphase Energy, Inc.), Loan and Security Agreement (Enphase Energy, Inc.), Loan and Security Agreement (Enphase Energy, Inc.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 3 contracts

Samples: Loan and Security Agreement (Quanterix Corp), Loan and Security Agreement (Quanterix Corp), Loan and Security Agreement (Neos Therapeutics, Inc.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays all of the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 3 contracts

Samples: Loan and Security Agreement (Egalet Corp), Loan and Security Agreement (Edge Therapeutics, Inc.), Loan and Security Agreement (Edge Therapeutics, Inc.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured ObligationsObligations (other than any inchoate indemnity obligations and any other obligations which, by their specific terms, are to survive the termination of this Agreement) in full, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)Amount. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 3 contracts

Samples: Loan and Security Agreement (Sorrento Therapeutics, Inc.), Loan and Security Agreement (Sorrento Therapeutics, Inc.), Loan and Security Agreement (Sorrento Therapeutics, Inc.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)187,500. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 2 contracts

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

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of equal $250,000 representing two and one-half percent (2.5%) of 345,000, or the Maximum Loan Amount increased amount in accordance with Section 2.6 (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (uniQure B.V.), Loan and Security Agreement (uniQure B.V.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)136,500. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Dicerna Pharmaceuticals Inc), Loan and Security Agreement (Dicerna Pharmaceuticals Inc)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the entire outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)280,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Glori Acquisition Corp.), Loan and Security Agreement (Glori Energy Inc.)

End of Term Charge. On the earliest to occur of (i) the Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge fee of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date525,000.

Appears in 2 contracts

Samples: Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.), Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.)

End of Term Charge. On the earliest to occur of (i) the Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge fee of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date301,000.

Appears in 2 contracts

Samples: Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.), Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)375,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Ocz Technology Group Inc)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations otherwise become due and payablepayable in accordance with the terms of this Agreement, Borrower shall pay Lender a charge of equal to Five Hundred Thousand Dollars ($250,000 representing two and one-half percent (2.5%500,000) of the Maximum Loan Amount (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Advance Date.

Appears in 1 contract

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

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) 3.75% of all amounts drawn under the Maximum Loan Amount (the “End of Term Charge”)Loan. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (ChromaDex Corp.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays Borrowers prepay the outstanding Secured ObligationsObligations in full, or (iii) the date that the Secured Obligations become due and payablepayable upon acceleration under Section 10.1, Borrower Borrowers shall pay to Lenders (to be paid to each Lender on a Pro Rata basis) a charge of the sum of: (A) $250,000 representing two 6,750,000, and one-half percent (2.5%B) 9% of the Maximum Loan Amount (the “End aggregate amount of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender all interest paid hereunder as of the Closing DatePIK Interest from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Kior Inc)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)2,500,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

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

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)100,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Joinder Agreement (Zosano Pharma Corp)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured ObligationsObligations in full, or (iii) the date that the Secured Obligations become due and payablepayable in full, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)498,750. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Immune Pharmaceuticals Inc)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half equal to four percent (2.54.0%) of the Maximum Loan Amount aggregate original principal amount of all Advances extended by Lender (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Omthera Pharmaceuticals, Inc.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two eleven and one-one half percent (2.511.5%) of the Maximum Term Loan Amount (the “End of Term Charge”)Amount. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (BioAmber Inc.)

End of Term Charge. On the earliest to occur of (i) the applicable Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of (a) with respect to the Tranche A Advance, $250,000 representing two 125,000, and one-half percent (2.5%b) of with respect to the Maximum Loan Amount (the “End of Term Charge”). Notwithstanding the required payment date of such chargeTranche B Advance, it shall be deemed earned by Lender as of the Closing Date$62,500.

Appears in 1 contract

Samples: Joinder Agreement (Elixir Pharmaceuticals Inc)

End of Term Charge. (a) On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)1,700,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Acelrx Pharmaceuticals Inc)

End of Term Charge. On the earliest to occur of (i) the Maturity DateOctober 1, 2016, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of equal to $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount 345,000 (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (uniQure N.V.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of an amount equal to $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount 245,000 (the “End of Term Charge”). Notwithstanding the required payment date of such chargethe End of Term Charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

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

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured ObligationsObligations in full, or (iii) the date that the Secured Obligations become due and payablepayable in full, Borrower shall pay Lender a charge of One Million Two Hundred Seventy-Five Thousand Dollars ($250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”1,275,000). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Cell Therapeutics Inc)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays Borrowers prepay all of the outstanding Secured Obligations, or (iii) the date that all of the Secured Obligations become due and payable, Borrower Borrowers shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)400,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Cempra Holdings, LLC)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge fee of $250,000 representing two and sixty-five one-half hundredths percent (2.52.65%) of the Maximum Loan Amount (aggregate principal amount funded under the “End of Term Charge”)Loans. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Adma Biologics, Inc.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)600,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date, but shall not accrue interest thereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (NeurogesX Inc)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge fee of $250,000 representing two and one-half four percent (2.54.0%) of the Maximum Term Loan Amount (the “End of Term Charge”)Amount. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Dance Biopharm, Inc.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)1,150,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (XOMA Corp)

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End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays all of the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) equal to 5.95% of the Maximum Loan Amount (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as aggregate initial principal amount of the Closing DateTerm Loan Advances drawn by Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Aveo Pharmaceuticals Inc)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays all of the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of equal to $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)1,237,500. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Aveo Pharmaceuticals Inc)

End of Term Charge. On the earliest to occur of (i) the Maturity Date, (ii) the date that Borrower prepays Borrowers prepay the outstanding Secured ObligationsObligations in full, or (iii) the date that due and proper acceleration of the Secured Obligations become due and payableObligations, Borrower Borrowers shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)630,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Pacira Pharmaceuticals, Inc.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the all outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payablepayable in full, Borrower shall pay Lender a charge of an amount equal to $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge712,500.). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Mast Therapeutics, Inc.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)300,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

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

End of Term Charge. (a) On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two 1,062,500 in connection with the Initial Advance and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)Second Advance. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Acelrx Pharmaceuticals Inc)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the Borrowers prepay the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower the Borrowers shall pay the Lender a charge of $250,000 representing two and one-half percent (2.5%) equal to 1.95% of the Maximum Loan Amount (the “End original principal amount of Term Charge”)all Advances made. Notwithstanding the required payment date of such charge, it shall be deemed earned by the Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Insmed Inc)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)500,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (American Superconductor Corp /De/)

End of Term Charge. On the earliest to occur of (i) the Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)775,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Joinder Agreement (Aegerion Pharmaceuticals, Inc.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of equal to Five Hundred Ninety-Two Thousand Five Hundred Dollars ($250,000 representing two and one-half percent (2.5%592,500) of the Maximum Loan Amount (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Celator Pharmaceuticals Inc)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the all outstanding Secured Obligations, or (iii) if earlier, the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of Five Hundred Fifty Thousand Dollars ($250,000 representing two and one-half percent (2.5%550,000) of the Maximum Loan Amount (the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Cleveland Biolabs Inc)

End of Term Charge. (a) On the earliest to occur of (i) the Maturity DateJune 1, 2017, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)100,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Zosano Pharma Corp)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)200,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Acelrx Pharmaceuticals Inc)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)1,750,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Celladon Corp)

End of Term Charge. On the earliest to occur of (i) the Maturity DateOctober 1, 2016, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of equal to $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)345,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Original Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (uniQure N.V.)

End of Term Charge. On the earliest to occur of (i) the Revolving Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)304,750. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: License and Maintenance Agreement (Aquantia Corp)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)1,100,000.00. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Rockwell Medical, Inc.)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) 9.50% of the Maximum Loan Amount (aggregate Advances made to the “End of Term Charge”). Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing DateBorrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Diomed Holdings Inc)

End of Term Charge. On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $250,000 representing two and one-half percent (2.5%) of the Maximum Loan Amount (the “End of Term Charge”)575,000. Notwithstanding the required payment date of such charge, it shall be deemed earned by Lender as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Ocz Technology Group Inc)

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