SVB Loan Agreement definition

SVB Loan Agreement means that certain Loan and Security Agreement, dated as of August 18, 2014, by and between Silicon Valley Bank and Borrower, as amended, restated, supplemented or otherwise modified from time to time.

SVB Loan Agreement means the Loan and Security Agreement, dated August 7, 2015, by and among the Company, Oxford Finance LLC, and Silicon Valley Bank

SVB Loan Agreement means that certain Loan Agreement dated as of July 30, 2010, between Fisker Automotive, as borrower, Holdings, as obligor, and SVB, as lender.

Examples of SVB Loan Agreement in a sentence

• In addition, the SVB Loan Agreement contains customary affirmative and negative covenants and events of default.

• Prior to the Closing, the Company shall satisfy all notification and consent requirements, as applicable, under the terms of the SVB Loan Agreement.

• Upon entry into the 2017 SVB Loan Agreement, the Company borrowed $10.0 million with a 30-month payment period following an 18-month interest-only payment period ending in November 2021.

• The Company’s obligations under the 2017 SVB Loan Agreement are secured by a first-priority security interest, right, and title in all business assets, excluding the Company’s intellectual property, which is subject to a negative pledge.

• Upon the occurrence of an event of default, at the Silicon Valley Bank’s discretion, interest on the 2017 SVB Loan Agreement will accrue at 5.0% above the rate that is otherwise applicable thereto until the earlier of the repayment of the Company’s obligations under the 2017 SVB Loan Agreement or the cure of such event of default.

More Definitions of SVB Loan Agreement

SVB Loan Agreement means the Company’s Third Amended and Restated Loan and Security Agreement, dated as of November 23, 2022 (as amended), as in effect as of the Series B Original Issue Date.

SVB Loan Agreement is that certain Loan and Security Agreement, dated July 14, 2011, as amended, entered into by and between SVB and Borrower.

SVB Loan Agreement that certain Second Amended and Restated Loan and Security Agreement, dated as of the Closing Date, by and between Silicon Valley Bank and Appia.

SVB Loan Agreement is that certain Loan and Security Agreement (Operating Line of Credit) as of even date herewith, as amended from time to time, by and between Borrower and SVB. "Tangible Net Worth" is, on any date, the total assets of Borrower minus (a) any amounts attributable to (i) goodwill, (ii) intangible items including unamortized debt discount and expense, patents, trade and service marks and names, copyrights and research and development expenses except prepaid expenses, (iii) notes, accounts receivable and other obligations owing to Borrower from its officers or other Affiliates, and (iv) reserves not already deducted from assets, minus (b) Total Liabilities, plus (c) Subordinated Debt.

SVB Loan Agreement means that certain Second Amended and Restated Loan and Security Agreement, dated as of August 10, 2006, among Carveout Guarantor and Borrower Representative, as borrowers, the Working Capital Lenders, and Silicon Valley Bank, as administrative agent for the Working Capital Lenders.

SVB Loan Agreement means that certain Loan and Security Agreement dated as of October 20, 2017 between Silicon Valley Bank and Apellis.

SVB Loan Agreement means that Loan and Security Agreement, dated as of September 15, 2005, as amended, between Silicon Valley Bank (“SVB”) and Xplore America.