Common use of Permitted Prepayment Clause in Contracts

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 3 contracts

Sources: Loan and Security Agreement (Fluidigm Corp), Loan and Security Agreement (Liquidia Corp), Loan and Security Agreement (Augmedix, Inc.)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the outstanding Term Loan Advances, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Final Payment, (C) the Prepayment Fee, and (DC) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 3 contracts

Sources: Mezzanine Loan and Security Agreement (Health Catalyst, Inc.), Mezzanine Loan and Security Agreement (Health Catalyst, Inc.), Mezzanine Loan and Security Agreement (Health Catalyst, Inc.)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the 2020 Term Loan Advances, provided Borrower ▇▇▇▇▇▇▇▇ (i) delivers written notice to Bank of its election to prepay the 2020 Term Loan Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the 2020 Term Loan Advances, (B) the 2020 Term Loan Final Payment, and (C) the Prepayment Fee, and (D) all other sums, if any, that shall have become due and payable with respect to the 2020 Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Sources: Loan Modification Agreement (Molekule Group, Inc.), Loan Modification Agreement (Molekule Group, Inc.)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Final Payment, and (C) the Prepayment Fee, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Sources: Loan and Security Agreement (Fastly, Inc.), Loan and Security Agreement (Zuora Inc)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan Advances at least ten five (105) days Business Days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Final PaymentPrepayment Fee, (C) the Prepayment FeeFinal Payment, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Sources: Loan and Security Agreement (10x Genomics, Inc.), Loan and Security Agreement (10X Genomics, Inc.)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan AdvancesAdvance, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan Advances Advance at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (B) the Final Payment, and (C) the Prepayment Fee, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Sources: Loan and Security Agreement (Moneylion Inc.), Loan and Security Agreement (Fusion Acquisition Corp.)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan AdvancesAdvance, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan Advances Advance at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (B) the Final PaymentPrepayment Fee, (C) the Prepayment Fee, Final Payment and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Owlet, Inc.)

Permitted Prepayment. Borrower shall have the option to prepay all, all (but not less than all, ) of the Term Loan Advances, provided Borrower (i) delivers provides written notice to Bank of its election to prepay the Term Loan Advances at least ten thirty (1030) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the all outstanding principal plus accrued and unpaid interest with respect to under the Term Loan Advances, (B) the Final Payment, and (C) the Prepayment Fee, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Arsanis, Inc.)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances, provided Borrower ▇▇▇▇▇▇▇▇ (i) delivers written notice to Bank of its election to prepay the Term Loan Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Final Payment, and (C) the Prepayment Fee, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Molekule Group, Inc.)

Permitted Prepayment. Borrower shall have the option to prepay all, all (but not less than all, ) of the Term Loan Advances, provided Borrower (i) delivers provides written notice to Bank of its election to prepay the Term Loan Advances at least ten five (105) days Business Days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the all outstanding principal plus accrued and unpaid interest with respect to under the Term Loan Advances, (B) the Final PaymentPrepayment Premium, (C) the Prepayment Feeif any, and (DC) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Yodle Inc)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Existing Term Loan Advances, provided Borrower (i) delivers written notice to Bank of its election to prepay the Existing Term Loan Advances at least ten five (105) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Existing Term Loan Advances, and (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums, if any, that shall have become due and payable with respect to the Existing Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Procore Technologies, Inc.)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances, provided Borrower ▇▇▇▇▇▇▇▇ (i) delivers written notice to Bank of its election to prepay the Term Loan Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Final PaymentPrepayment Fee, (C) the Prepayment Fee, Final Payment and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Interest Rate with respect to any past due amounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Castle Biosciences Inc)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances, provided Borrower ▇▇▇▇▇▇▇▇ (i) delivers written notice to Bank of its election to prepay the Term Loan Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Final PaymentPrepayment Fee, (C) the Prepayment FeeFinal Payment, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Alamar Biosciences, Inc.)

Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, all or any portion of the Term Loan Advances, provided Borrower (i) delivers written notice (which may be revocable) to Bank of its election to prepay the Term Loan Advances at least ten five (105) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal of all Term Loan Advances plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, (B) the Final Payment, (C) the Prepayment Fee, and (DC) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Beyond Meat, Inc.)