Common use of Procedures for Borrowing Clause in Contracts

Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital Advance set forth in this Agreement, to obtain a Growth Capital Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific time on the Funding Date of the Growth Capital Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Growth Capital Advances to the Designated Deposit Account. Bank may make Growth Capital Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become due.

Appears in 6 contracts

Samples: Loan Agreement (Response Biomedical Corp), Loan Agreement (Aquinox Pharmaceuticals, Inc), Loan Agreement (Aquinox Pharmaceuticals (Usa) Inc)

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Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital Advance set forth in this Agreement, to obtain a Growth Capital Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific Eastern time on the Funding Date of the Growth Capital Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Growth Capital Advances to the Designated Deposit Account. Bank may make Growth Capital Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become due.

Appears in 3 contracts

Samples: Loan and Security Agreement (Eleven Biotherapeutics, Inc.), Loan and Security Agreement (Clearside Biomedical, Inc.), Loan and Security Agreement (Clearside Biomedical, Inc.)

Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital Advance set forth in this Agreement, to obtain a Growth Capital Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific time on the Funding Date of the a Growth Capital Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Growth Capital Advances to the Designated Deposit Account. Bank may make Growth Capital Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become due.

Appears in 2 contracts

Samples: Loan and Security Agreement (Avidity Biosciences, Inc.), Loan and Security Agreement (Avidity Biosciences, Inc.)

Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital Advance Term Advance, each as set forth in this Agreement, to obtain a Growth Capital Term Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. noon Pacific time on the Funding Date of the Growth Capital Term Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed a Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Growth Capital Advances such Term Advance to the Designated Deposit Account. Bank may make Growth Capital Advances a Term Advance under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are a Term Advance is necessary to meet Obligations which have become due.

Appears in 2 contracts

Samples: Subordinated Loan and Security Agreement (Mavenir Systems Inc), Subordinated Loan and Security Agreement (Mavenir Systems Inc)

Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital Advance set forth in this Agreement, to obtain a Growth Capital Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific Eastern time on the Funding Date of the Growth Capital Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Growth Capital Advances Advance to the Designated Deposit Account. Bank may make Growth Capital Advances Advance under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are Advance is necessary to meet Obligations which have become due.

Appears in 2 contracts

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

Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital Term Advance set forth in this Agreement, to obtain a Growth Capital Term Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific noon Eastern time on the Funding Date of the Growth Capital Term Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Payment/ Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank reasonably believes is a Responsible Officer or designee. Bank shall credit Growth Capital Term Advances to the Designated Deposit Account. Bank may make Growth Capital Term Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Term Advances are necessary to meet Obligations which have become due.

Appears in 2 contracts

Samples: Loan and Security Agreement (Fate Therapeutics Inc), Loan and Security Agreement (Fate Therapeutics Inc)

Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital an Advance set forth in this Agreement, to obtain a Growth Capital Advancean Advance (other than Advances under Sections 2.1.2 or 2.1.4), Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. noon Pacific time on the Funding Date of the Growth Capital Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Growth Capital Advances to the Designated Deposit Account. Bank may make Growth Capital Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become due.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital an Advance set forth in this Agreement, to obtain a Growth Capital an Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific eastern time on the Funding Date of the Growth Capital Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Notice of Borrowing and/or Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Growth Capital Advances to the Designated Deposit Account. Bank may make Growth Capital Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become due.

Appears in 1 contract

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

Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital the Term Loan Advance set forth in this Agreement, to obtain a Growth Capital the Term Loan Advance, Borrower shall notify Bank Lender (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific Eastern time on the Funding Date of the Growth Capital Term Loan Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank Lender by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank Lender may rely on any telephone notice given by a person whom Bank Lender believes is a Responsible Officer or designee. Bank Lender shall credit Growth Capital Advances the Term Loan Advance to an account designated by the Designated Deposit AccountBorrower in the Advance Form. Bank Lender may make Growth Capital Advances the Term Loan Advance under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become duedesignee.

Appears in 1 contract

Samples: Loan and Security Agreement (Interpace Biosciences, Inc.)

Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital the Term Loan Advance set forth in this Agreement, to obtain a Growth Capital the Term Loan Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific time on the Funding Date of the Growth Capital Term Loan Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Growth Capital Advances the Term Loan Advance to the Designated Deposit Account. Bank may make Growth Capital Advances under this Agreement based Account on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become dueFunding Date of the Term Loan Advance.

Appears in 1 contract

Samples: Loan and Security Agreement (Everspin Technologies Inc)

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Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital Advance set forth in this Agreement, to obtain a Growth Capital Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific time on the Funding Date of the Growth Capital Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Growth Capital Advances Advance to the Designated Deposit Account. Bank may make Growth Capital Advances Advance under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are Advance is necessary to meet Obligations which have become due.

Appears in 1 contract

Samples: Loan and Security Agreement (Sierra Oncology, Inc.)

Procedures for Borrowing. (a) Subject to the prior satisfaction of all other applicable conditions to the making of a the Growth Capital Advance set forth in this Agreement, to obtain a the Growth Capital Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific time on the Funding Date of the Growth Capital Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit the Growth Capital Advances Advance to the Designated Deposit Account. Bank may make the Growth Capital Advances Advance under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are Advance is necessary to meet Obligations which have become due.

Appears in 1 contract

Samples: Loan and Security Agreement (1Life Healthcare Inc)

Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital an Advance set forth in this Agreement, to obtain a Growth Capital Advancean Advance (other than Advances under Sections 2.1.2 or 2.1.4), Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific noon Eastern time on the Funding Date of the Growth Capital Advance. Together with any such electronic or facsimile notification, Borrower shall must promptly deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form Transaction Report executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Growth Capital Advances to the Designated Deposit Account. Bank may make Growth Capital Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become due.

Appears in 1 contract

Samples: Loan and Security Agreement (Voxware Inc)

Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital Term Advance set forth in this Agreement, to obtain a Growth Capital Term Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific Eastern time on the Funding Date of the Growth Capital Term Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Growth Capital Term Advances to the Designated Deposit Account. Bank may make Growth Capital Term Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Term Advances are necessary to meet Obligations which have become due.

Appears in 1 contract

Samples: Loan and Security Agreement (Braintech Inc)

Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital an Advance set forth in this Agreement, to obtain a Growth Capital Advancean Advance (other than Advances under Section 2.1.2), Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific time on the Funding Date of the Growth Capital Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Growth Capital Advances to the Designated Deposit Account. Bank may make Growth Capital Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become due.

Appears in 1 contract

Samples: Loan and Security Agreement (Cimetrix Inc)

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