Common use of Termination Prior to Term Loan Maturity Date; Survival Clause in Contracts

Termination Prior to Term Loan Maturity Date; Survival. All covenants, representations and warranties made in this Agreement continue in full force until this Agreement has terminated pursuant to its terms and all Obligations (other than contingent indemnification obligations as to which no claim has been asserted or is known to exist and any other obligations which, by their terms, are to survive the termination of this Agreement or any other Loan Document) have been satisfied in full, in cash and Lender no longer has any obligation to extend credit to a Borrower. So long as Loan Parties have satisfied the Obligations (other than contingent indemnification obligations as to which no claim has been asserted or is known to exist and any other obligations which, by their terms, are to survive the termination of this Agreement or any other Loan Document), this Agreement may be terminated prior to the Term Loan Maturity Date by Borrowers, effective three Business Days after written notice of termination is given to Lender. Those obligations that are expressly specified in this Agreement as surviving this Agreement’s termination shall continue to survive notwithstanding this Agreement’s termination.

Appears in 4 contracts

Samples: Loan and Security Agreement (Pulmonx Corp), Loan and Security Agreement (Pulmonx Corp), Loan and Security Agreement (Pulmonx Corp)

AutoNDA by SimpleDocs

Termination Prior to Term Loan Maturity Date; Survival. All covenants, representations and warranties made in this Agreement continue in full force until this Agreement has terminated pursuant to its terms and all Obligations (other than contingent indemnification and reimbursement obligations as to which no claim has been asserted or is known to exist and any other obligations which, by their terms, are to survive the termination of this Agreement or any other Loan DocumentAgreement) have been satisfied in full, in cash and Lender no longer has any obligation all commitments to extend credit Loans pursuant to a Borrowerthis Agreement have terminated. So long as Loan Parties Borrowers have satisfied the Obligations (other than contingent indemnification and reimbursement obligations as to which no claim has been asserted or is known to exist and any other obligations which, by their terms, are to survive the termination of this Agreement or any other Loan DocumentAgreement), this Agreement and any remaining commitments to extend Loans may be terminated prior to the Term Loan Maturity Date by Borrowers, effective three Business Days after by written notice of termination is given to LenderAgent (whereupon Agent shall promptly provide a copy of such notice to Lenders). Those obligations that are expressly specified in this Agreement as surviving this Agreement’s termination shall continue to survive notwithstanding this Agreement’s termination.

Appears in 1 contract

Samples: Loan and Security Agreement (Allurion Technologies Holdings, Inc.)

AutoNDA by SimpleDocs

Termination Prior to Term Loan Maturity Date; Survival. All covenants, representations and warranties made in this Agreement continue in full force until this Agreement has terminated pursuant to its terms and all Obligations (other than contingent indemnification obligations as to which no claim has been asserted or is known to exist and any other obligations which, by their terms, are to survive the termination of this Agreement or any other Loan DocumentAgreement) have been satisfied in full, in cash and Lender no longer has any obligation to extend credit to a Borrower. So long as Loan Parties have satisfied the Obligations (other than contingent indemnification obligations as to which no claim has been asserted or is known to exist and any other obligations which, by their terms, are to survive the termination of this Agreement or any other Loan DocumentAgreement), this Agreement may be terminated prior to the Term Loan Maturity Date by BorrowersBorrower, effective three (3) Business Days after written notice of termination is given to Lender. Those obligations that are expressly specified in this Agreement as surviving this Agreement’s termination shall continue to survive notwithstanding this Agreement’s termination.

Appears in 1 contract

Samples: Loan and Security Agreement (Aspen Group, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.