Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 169 contracts
Samples: Loan and Security Agreement (Sigilon Therapeutics, Inc.), Loan and Security Agreement (Halozyme Therapeutics Inc), Loan and Security Agreement (Millendo Therapeutics, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 93 contracts
Samples: Loan and Security Agreement (Workiva LLC), Loan and Security Agreement (Health Catalyst, Inc.), Loan and Security Agreement (Electro Scientific Industries Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 68 contracts
Samples: Loan and Security Agreement (Corium International, Inc.), Loan and Security Agreement (Mattersight Corp), Loan and Security Agreement (Wireless Ronin Technologies Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 68 contracts
Samples: Mezzanine Loan and Security Agreement (BigCommerce Holdings, Inc.), Loan and Security Agreement (Clearside Biomedical, Inc.), Loan and Security Agreement (Alx Oncology Holdings Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 25 contracts
Samples: Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Datawatch Corp), Loan and Security Agreement (Ariosa Diagnostics, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 22 contracts
Samples: Loan and Security Agreement (Openwave Systems Inc), Loan and Security Agreement (Cimetrix Inc), Loan and Security Agreement (Active Power Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 15 contracts
Samples: Loan and Security Agreement (Carbylan Therapeutics, Inc.), Loan and Security Agreement (Ziopharm Oncology Inc), Loan and Security Agreement (Carbylan Therapeutics, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 11 contracts
Samples: Loan and Security Agreement (LendingClub Corp), Loan and Security Agreement (Omeros Corp), Loan and Security Agreement (Omeros Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 11 contracts
Samples: Loan Agreement (Response Biomedical Corp), Loan and Security Agreement (Clearside Biomedical, Inc.), Loan and Security Agreement (Fig Publishing, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 10 contracts
Samples: Loan and Security Agreement (Arsanis, Inc.), Loan and Security Agreement (Root, Inc.), Loan Modification Agreement (Acacia Communications, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 9 contracts
Samples: Loan and Security Agreement (Regado Biosciences Inc), Loan and Security Agreement (Relypsa Inc), Loan and Security Agreement (CareDx, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 8 contracts
Samples: Loan Modification Agreement (Enernoc Inc), Loan and Security Agreement (Complete Genomics Inc), Loan and Security Agreement (Tranzyme Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 8 contracts
Samples: Loan and Security Agreement (Aspen Aerogels Inc), Loan and Security Agreement (Aspen Aerogels Inc), Loan and Security Agreement (Beamr Imaging Ltd.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofGrowth Capital Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 7 contracts
Samples: Loan and Security Agreement (Sandbridge Acquisition Corp), Loan and Security Agreement (Cyan Inc), Loan and Security Agreement (Weave Communications, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 7 contracts
Samples: Loan and Security Agreement (Cancer Genetics, Inc), Loan and Security Agreement (Anadigics Inc), Loan and Security Agreement (S&W Seed Co)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 6 contracts
Samples: Loan and Security Agreement (Evoke Pharma Inc), Loan and Security Agreement (Channeladvisor Corp), Loan and Security Agreement (Evoke Pharma Inc)
Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 6 contracts
Samples: Loan and Security Agreement (GOOD TECHNOLOGY Corp), Loan and Security Agreement (Intellicheck Mobilisa, Inc.), Loan and Security Agreement (GOOD TECHNOLOGY Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 5 contracts
Samples: Loan and Security Agreement (Danger Inc), Loan and Security Agreement (Solta Medical Inc), Loan and Security Agreement (Ramtron International Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 5 contracts
Samples: Loan and Security Agreement (NMS Communications Corp), Loan and Security Agreement (Network Engines Inc), Loan and Security Agreement (Finisar Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 5 contracts
Samples: Loan and Security Agreement (EnteroMedics Inc), Loan and Security Agreement (EnteroMedics Inc), Subordinated Loan and Security Agreement (Apptio Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified in clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Ignyta, Inc.), Loan and Security Agreement (Ignyta, Inc.), Loan and Security Agreement (Tracon Pharmaceuticals, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Export Import Bank Loan and Security Agreement (Aehr Test Systems), Loan and Security Agreement (Aehr Test Systems), Loan and Security Agreement (EyePoint Pharmaceuticals, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Bridgeline Software, Inc.), Loan and Security Agreement (Enernoc Inc), Loan and Security Agreement (Enernoc Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Relypsa Inc), Loan and Security Agreement (Relypsa Inc), Loan and Security Agreement (Trovagene, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Castle Biosciences Inc), Loan and Security Agreement (Castle Biosciences Inc), Loan and Security Agreement (Nuvectra Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof)Date. During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Endologix Inc /De/), Loan and Security Agreement (GPS Industries, Inc.), Loan and Security Agreement (Strasbaugh)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Maturity Date or the maturity date of acceleration pursuant to Section 9.1 (a) hereofany Credit Extension). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (AltheaDx, Inc.), Loan and Security Agreement (AltheaDx, Inc.), Loan and Security Agreement (AltheaDx, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or and/or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (AtriCure, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 4 contracts
Samples: Loan and Security Agreement (Cerus Corp), Loan and Security Agreement (LendingClub Corp), Loan and Security Agreement (Bluearc Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereofherein). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc), Loan Modification Agreement (Imprivata Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or and/or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Teladoc, Inc.), Loan and Security Agreement (Array Biopharma Inc), Loan and Security Agreement (Avalara Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 3 contracts
Samples: Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (EnteroMedics Inc), Loan and Security Agreement (Trubion Pharmaceuticals, Inc), Loan and Security Agreement (Cryocor Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Proofpoint Inc), Loan and Security Agreement (Marketo, Inc.), Loan and Security Agreement (Marketo, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on or before its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Force10 Networks Inc), Loan and Security Agreement (Force10 Networks Inc), Loan and Security Agreement (Force10 Networks Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Vitae Pharmaceuticals, Inc), Loan and Security Agreement (Vitae Pharmaceuticals, Inc), Loan and Security Agreement (Vitae Pharmaceuticals, Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Splunk Inc), Loan and Security Agreement (Xactly Corp), Loan and Security Agreement (AtriCure, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 3 contracts
Samples: Loan and Security Agreement (Castle Biosciences Inc), Loan and Security Agreement (Castle Biosciences Inc), Loan and Security Agreement (Nuvectra Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date Date, the Growth Capital Maturity Date, the Equipment Maturity Date, or the date of acceleration pursuant to Section 9.1 (a) hereofPrior Equipment Maturity Date). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);.
Appears in 3 contracts
Samples: Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofGrowth Capital Term Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Okta, Inc.), Loan and Security Agreement (Okta, Inc.), Loan and Security Agreement (Okta, Inc.)
Payment Default. Any Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Overland Storage Inc), Loan and Security Agreement (Aviat Networks, Inc.), Loan and Security Agreement (Aviat Networks, Inc.)
Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Sophiris Bio Inc.), Loan and Security Agreement (Sophiris Bio Inc.), Loan and Security Agreement (Sophiris Bio Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 3 contracts
Samples: Loan and Security Agreement (Natera, Inc.), Loan and Security Agreement (Natera, Inc.), Loan and Security Agreement (Natera, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofGrowth Capital Maturity Date, as applicable). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (Natera, Inc.), Loan and Security Agreement (Natera, Inc.), Loan and Security Agreement (Natera, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified in clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 3 contracts
Samples: Loan and Security Agreement (OncoCyte Corp), Loan and Security Agreement (Threshold Pharmaceuticals Inc), Loan and Security Agreement (Lipocine Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default under clause (b) is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Iterum Therapeutics PLC), Loan and Security Agreement
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or and/or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date, as applicable). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (ChyronHego Corp), Loan and Security Agreement (AtriCure, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three five (35) Business Days after such Obligations are due and payable (which three five (35) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Conexant Systems Inc), Loan and Security Agreement (Conexant Systems Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension Advance or Collateral Agent Advance on its due date, or (b) pay interest on any Advance or pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereofherein). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension Advance will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Guaranty Agreement (Safeguard Scientifics Inc), Loan and Guaranty Agreement (Safeguard Scientifics Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Tranche A Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTranche B Growth Capital Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan Agreement (Aquinox Pharmaceuticals (Usa) Inc), Loan Agreement (Aquinox Pharmaceuticals, Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Vringo Inc), Loan and Security Agreement (Yodle Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);; 8.2
Appears in 2 contracts
Samples: Loan and Security Agreement (Borderfree, Inc.), Loan and Security Agreement (Luna Innovations Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Venture Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Clarus Therapeutics Inc), Loan and Security Agreement (Clarus Therapeutics Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofGrowth Capital Advance Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Carbylan Therapeutics, Inc.), Loan and Security Agreement (Carbylan Therapeutics, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);” and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: Fifth Loan Modification Agreement (Real Goods Solar, Inc.), Second Loan Modification Agreement (Luna Innovations Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay interest on any Credit Extension or any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the applicable Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof2009 Equipment Maturity Date). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);” and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: Loan and Security Agreement (T2 Biosystems, Inc.), Loan and Security Agreement (T2 Biosystems, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or and/or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loa [sic] Maturity Date, as applicable). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Vericel Corp), Loan and Security Agreement (Vericel Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofany Equipment Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Adaptive Insights Inc), Loan and Security Agreement (Adaptive Insights Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three five (35) Business Days after such Obligations are due and payable (which three five (35) Business Day grace period shall will not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan Modification Agreement (Meru Networks Inc), Loan Modification Agreement (Meru Networks Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm-Out Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 2 contracts
Samples: Loan and Security Agreement (Medallia, Inc.), Loan and Security Agreement (Medallia, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Growth Capital Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Veracyte, Inc.), Loan and Security Agreement (Veracyte, Inc.)
Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) 3 Business Days after such Obligations are due and payable (which three (3) 3 Business Day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Sciclone Pharmaceuticals Inc), Loan and Security Agreement (Sciclone Pharmaceuticals Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Nalu Medical, Inc.), Loan and Security Agreement (Nalu Medical, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due dateor Obligations under any Bank Services Agreement when due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Carbon Black, Inc.), Loan and Security Agreement (Carbon Black, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Venture Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);” and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term A Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm B Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (TRIA Beauty, Inc.), Loan and Security Agreement (TRIA Beauty, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three five (35) Business Days after such Obligations are due and payable (which three five (35) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Telecommunication Systems Inc /Fa/), Loan and Security Agreement (Telecommunication Systems Inc /Fa/)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay interest on any Credit Extension or any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the applicable Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);” and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: Loan and Security Agreement (T2 Biosystems, Inc.), Loan and Security Agreement (T2 Biosystems, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Growth Capital II Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofRevolving Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);.
Appears in 2 contracts
Samples: Loan and Security Agreement (Root Stockholdings, Inc.), Loan and Security Agreement (Root, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Bridge Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (BG Medicine, Inc.), Loan and Security Agreement (BG Medicine, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Growth Capital Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Carbylan Therapeutics, Inc.), Loan and Security Agreement (Carbylan Therapeutics, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);.”
Appears in 2 contracts
Samples: Loan and Security Agreement (Impinj Inc), Loan and Security Agreement (Impinj Inc)
Payment Default. Either Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Relm Wireless Corp), Loan and Security Agreement (GlobalOptions Group, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) [ * ] Business Days after such Obligations are due and payable (which three (3) [ * ] Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Cerus Corp), Loan and Security Agreement (Cerus Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofRefinancing Term Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 2 contracts
Samples: Loan and Security Agreement (Apptio Inc), Loan and Security Agreement (Apptio Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause 8.2(b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Axonics, Inc.), Loan and Security Agreement (Axonics Modulation Technologies, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or and/or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date, as applicable). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 2 contracts
Samples: Fifth Loan Modification Agreement (Real Goods Solar, Inc.), Second Loan Modification Agreement (Luna Innovations Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Twilio Inc), Loan and Security Agreement (Twilio Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations (under (a) or (b) above) are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Revolving Line Maturity Date Date, or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereofherein). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Eloqua, Inc.), Loan Modification Agreement (Eloqua, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofRevolving Line Maturity Date, as applicable). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Advanced BioHealing Inc), Loan and Security Agreement (Advanced BioHealing Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofRevolving Line Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”
Appears in 2 contracts
Samples: Loan and Security Agreement (Treace Medical Concepts, Inc.), Loan and Security Agreement (Treace Medical Concepts, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During Notwithstanding the foregoing, during the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Splunk Inc), Loan and Security Agreement (Splunk Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof2011 Existing Growth Capital Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Roku, Inc), Loan and Security Agreement (Roku, Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Growth Capital Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Cyoptics Inc), Loan and Security Agreement (Cyoptics Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Growth Capital Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified in clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Sunesis Pharmaceuticals Inc), Loan and Security Agreement (Singular Genomics Systems, Inc.)
Payment Default. Any Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Channeladvisor Corp), Loan and Security Agreement (Channeladvisor Corp)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay interest on any Credit Extension or any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the applicable Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (T2 Biosystems, Inc.), Loan and Security Agreement (T2 Biosystems, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofGrowth Capital Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);.
Appears in 2 contracts
Samples: Loan and Security Agreement (Tubemogul Inc), Loan and Security Agreement (Tubemogul Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Revolving Maturity Date, the Term Loan Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (ConforMIS Inc), Loan and Security Agreement (ConforMIS Inc)
Payment Default. If Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the EXIM Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);.
Appears in 2 contracts
Samples: Loan and Security Agreement (Aerohive Networks, Inc), Loan and Security Agreement (Aerohive Networks, Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Term Loan Maturity Date Date, or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereofherein). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Fate Therapeutics Inc), Loan and Security Agreement (Fate Therapeutics Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall will not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);” 14 The Loan Agreement shall be amended by deleting the following text, appearing in Section 8.2 thereof:
Appears in 2 contracts
Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the applicable Equipment Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Dimension Therapeutics, Inc.), Loan and Security Agreement (Dimension Therapeutics, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date and/or the 2012 Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Tetraphase Pharmaceuticals Inc), Loan and Security Agreement (Tetraphase Pharmaceuticals Inc)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofTerm Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Augmedix, Inc.), Loan and Security Agreement (Owlet, Inc.)
Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day day grace period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofDate). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Internet Brands, Inc.), Loan and Security Agreement (Financial Engines, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Revolving Line Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereofExisting Term Loan Maturity Date). During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (Basis Global Technologies, Inc.), Loan and Security Agreement (Basis Global Technologies, Inc.)
Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace cure period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a9.1(a) hereof). During the cure period, the failure to cure the make or pay any payment default specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 2 contracts
Samples: Loan and Security Agreement (TRIA Beauty, Inc.), Loan and Security Agreement (TRIA Beauty, Inc.)
Payment Default. A Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant to Section 9.1 (a) hereof). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);
Appears in 1 contract
Samples: Loan and Security Agreement (Ligand Pharmaceuticals Inc)
