SVB Loan definition

SVB Loan means the term loan facility and an asset-based revolving credit facility provided pursuant to the SVB Loan Agreement.

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SVB Loan means the Loan and Security Agreement, dated as of February 8, 2019, by and between SVB and the Company, pursuant to which SVB made available to the Company term loan advances in an original principal amount of up to Ten Million Dollars ($10,000,000.00).

SVB Loan means the Indebtedness of the Company and its Subsidiaries in favor of SVB including pursuant to that certain Loan Agreement, dated as of October 28, 2020, by and among the Company, SVB, Stifel Bank and Western Alliance Bank.

Examples of SVB Loan in a sentence

• An Event of Default (as such term is defined in the SVB Loan Agreement) occurs under the SVB Loan Agreement.

• The Obligations evidenced by this Agreement are hereby expressly subordinated to the obligations of Borrower under the SVB Loan Agreement pursuant to the terms set forth in that that certain Subordination Agreement, dated as of the date hereof (the “SVB Subordination Agreement”) by and among, Lender, Silicon Valley Bank and Borrower.

• Borrower represents, warrants, and covenants that the security interest granted herein is and shall, subject to Section 6.5, at all times continue to be a first priority perfected security interest in the Collateral (subject only to Permitted Liens that may have superior priority to Lender’s Lien under this Agreement and Liens granted by Borrower to Bank pursuant to the SVB Loan Agreement).

• The SVB Loan Agreement and all documents to be delivered pursuant thereto shall be fully executed, and the transactions contemplated thereby shall have consummated simultaneously with the Closing.

• The obligations under the SVB Loan Agreement ("SVB Obligations") are secured by all assets of IMSI described in said agreement ("Collateral").

More Definitions of SVB Loan

SVB Loan means that certain loan by SVB to the Company as evidenced by the SVB Loan Documents.

SVB Loan means the $20,000,000 term loan evidenced by the SVB Loan Agreement.

SVB Loan means all outstanding Indebtedness of the Company and the Subsidiaries due to Silicon Valley Bank or any of its Affiliates pursuant to the SVB Loan Agreements, including all interest, fees, prepayment penalties or fees, reimbursement for costs, and any and all other amounts payable to Silicon Valley Bank or any of its Affiliates in connection with the SVB Loan Agreements, including upon a prepayment or repayment of the SVB Loan in connection with the Closing.

SVB Loan means that certain Loan and Security Agreement, dated as of January 1, 2019, by and between Seller and SVB.

SVB Loan means the Company's existing credit facility (or facilities, if more than one) with Silicon Valley Bank immediately prior to the Effective Time of the Merger.

SVB Loan means the $20,000,000 term loan evidenced by the SVB Loan

SVB Loan means, subject to Section 7.4, the $15,000,000 term loan evidenced by the SVB Loan Agreement.