Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Advances at least five (5) Business Days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their respective Pro Rata Share, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest, (B) the Final Payment, (C) the Prepayment Premium and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 2 contracts
Sources: Loan and Security Agreement (Social Capital Suvretta Holdings Corp. I), Loan and Security Agreement (Social Capital Suvretta Holdings Corp. I)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this AgreementAdvances, provided Borrower (i) provides delivers written notice to Agent and each Term Loan Lender of its election to prepay the Term Loan Advances at least five (5) Business Days days prior to such prepayment, and (ii) pays to AgentAgent and each Term Loan Lender, for the account of the Lenders in accordance with their respective Pro Rata Shareas applicable, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interestinterest with respect to the Term Loan Advances, (B) the Final PaymentTerm Loan Prepayment Premium, (C) the Prepayment Premium Term Loan Final Payment and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 2 contracts
Sources: Loan and Security Agreement (Vericel Corp), Loan and Security Agreement (Vericel Corp)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Advances at least five ten (510) Business Days days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their respective Pro Rata Share, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest, (B) the Final PaymentPrepayment Premium, (C) the Prepayment Premium Final Payment and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
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Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Advances at least five ten (510) Business Days days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest, (B) the Final PaymentPrepayment Premium, (C) the Prepayment Premium Final Payment, and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Taysha Gene Therapies, Inc.)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this AgreementAdvances, provided Borrower (i) provides delivers written notice to Agent of its election to prepay the Term Loan Advances at least five ten (510) Business Days days prior to such prepayment, and (ii) pays to Agent, on the date of such prepayment, for the account of the Lenders in accordance with their respective Pro Rata ShareShares, on an amount equal to the date sum of such prepayment (A) all the outstanding principal plus accrued and unpaid interestinterest with respect to the Term Loan Advances, (B) the Final Payment, (C) the Prepayment Premium Fee, and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
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Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Advances at least five ten (510) Business Days days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest, (B) the Final PaymentPrepayment Premium, (C) the Prepayment Premium Final Payment and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Eloxx Pharmaceuticals, Inc.)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Advances at least five thirty (530) Business Days days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest, (B) the Final PaymentPrepayment Premium, (C) the Prepayment Premium Final Payment and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Alpha Healthcare Acquisition Corp.)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this AgreementAdvances, provided Borrower B▇▇▇▇▇▇▇ (i) provides delivers written notice to Agent Bank of its election to prepay the Term Loan Advances at least five (5) Business Days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their respective Pro Rata Sharepays, on the date of such prepayment (A) all the outstanding principal plus accrued and unpaid interestinterest with respect to the Term Loan Advances, (B) the Prepayment Fee, (C) the Final Payment, (CD) the Prepayment Premium Unused Term Loan Commitment Fee and (DE) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Achieve Life Sciences, Inc.)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Advances at least five (5) Business Days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their respective Pro Rata Share, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest, (B) the Final PaymentPrepayment Premium, (C) the Prepayment Premium Final Payment and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advanceshereunder, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Advances at least five (5) Business Days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest, (B) the Final PaymentPrepayment Premium, (C) the Prepayment Premium Final Payment, and (D) all other sums, if any, that shall have become due and payable hereunder in connection with respect to the Term Loan Advances, including Lenders’ ' Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Mezzanine Loan and Security Agreement (Nebula Caravel Acquisition Corp.)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Advances at least five ten (510) Business Days days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, on the date of such prepayment (A) all the outstanding principal of the Term Loan Advances plus accrued and unpaid interestinterest thereon, (B) the Final PaymentPrepayment Premium, (C) the Prepayment Premium Final Payment and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Alx Oncology Holdings Inc)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this AgreementAdvances, provided Borrower ▇▇▇▇▇▇▇▇ (i) provides delivers written notice to Agent of its election to prepay the Term Loan Advances at least five (5) Business Days days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their respective Pro Rata Share, on the date of such prepayment (A) all the outstanding principal plus accrued and unpaid interestinterest with respect to the Term Loan Advances, (B) the Final PaymentPrepayment Fee, (C) the Prepayment Premium Final Payment, and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders▇▇▇▇▇▇▇’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this AgreementAdvances, provided Borrower (i) provides delivers written notice to Agent of its election to prepay the Term Loan Advances at least five ten (510) Business Days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their respective Pro Rata ShareShares, on the date of such prepayment (A) all the outstanding principal plus accrued and unpaid interestinterest with respect to the Term Loan Advances, (B) the Final PaymentPrepayment Fee, (C) the Prepayment Premium Final Payment and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Dova Pharmaceuticals Inc.)
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances Advance advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Agent of its election to prepay the Term Loan Advances Advance at least five (5) Business Days days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, on the date of such prepayment (A) all outstanding principal plus accrued and unpaid interest, (B) the Final PaymentPrepayment Premium, (C) the Prepayment Premium Final Payment and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Permitted Prepayment. Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances advanced by the Lenders under this Agreement, provided Borrower (i) provides delivers written notice to Agent of its election to prepay the Term Loan Advances at least five thirty (530) Business Days days prior to such prepayment, and (ii) pays to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, on the date of such prepayment (A) all the outstanding principal plus accrued and unpaid interestinterest with respect to the Term Loan Advances, (B) the Final PaymentPrepayment Premium, (C) the Prepayment Premium Final Payment and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Axsome Therapeutics, Inc.)
Permitted Prepayment. Borrower shall have the option to prepay allin whole or in part, but not less than all, of the Term Loan Advances advanced by the Lenders under this AgreementAdvance, provided Borrower (i) provides delivers written notice to Agent Bank of its election to prepay the Term Loan Advances Advance at least five (5) Business Days prior to such prepaymentprepayment (which notice may be conditioned upon the consummation of another financing or other events), and (ii) pays to Agent, for the account of the Lenders in accordance with their respective Pro Rata Sharepays, on the date of such prepayment (A) all the outstanding principal plus accrued and unpaid interestinterest with respect to the Term Loan Advance, (B) the Final PaymentPrepayment Fee, (C) the Prepayment Premium Final Payment, and (D) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan AdvancesAdvance, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
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