Common use of Prepayment of Term Loans Clause in Contracts

Prepayment of Term Loans. (i) Borrower shall have the option, at any time after the Closing Date, to prepay, in whole but not in part, the Term Loans advanced by Lenders under this Agreement; provided that (A) Borrower provides written notice to the Collateral Agent of its election (which shall be irrevocable unless the Collateral Agent otherwise consents in writing) to prepay all of the Term Loans, which notice shall include the amount of the outstanding aggregate principal amount of the Term Loans to be prepaid, at least five (5) Business Days prior to such prepayment, and (B) the prepayment of such principal shall be accompanied by any and all accrued and unpaid interest thereon through the date of prepayment and any amounts payable in connection with such prepayment pursuant to Section 2.2(e) and Section 2.2(f) (as applicable), together with any and all other amounts payable or accrued and not yet paid under this Agreement and the other Loan Documents. The Collateral Agent will promptly notify each Lender of its receipt of such notice and the amount of such Lender’s Applicable Percentage of such prepayment.

Appears in 1 contract

Samples: Loan Agreement (Collegium Pharmaceutical, Inc)

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Prepayment of Term Loans. (i) Borrower shall have the option, at any time after the Closing Date, to prepay, in whole but not or in partincrements of $50 million of outstanding principal thereunder, the Term Loans advanced by Lenders under this AgreementAgreement in accordance with the terms of the Term Loan Notes; provided that (A) Borrower provides written notice to the Collateral Agent of its election (which shall be irrevocable unless the Collateral Agent otherwise consents in writing) to prepay all or such portion of the Term LoansLoans in accordance with the terms of the Term Loan Notes, which notice shall include the amount of the outstanding aggregate principal amount of the Term Loans Loan Notes to be prepaid, prepaid at least five (5) Business Days prior to such prepayment, and (B) the prepayment of such principal shall be accompanied by any and all accrued and unpaid interest thereon through the date of prepayment and any and all amounts payable in connection with such prepayment pursuant to Section 2.2(e), Section 2.2(f) and Section 2.2(f2.7(b) (as applicable)) and, together with in the case of a prepayment in whole, any and all other amounts payable or accrued and not yet paid under this Agreement and the other Loan DocumentsDocuments (including pursuant to Section 2.4). The Collateral Agent will promptly notify each Lender of its receipt of such notice notice, and the amount of such Lender’s Applicable Percentage of such prepayment.

Appears in 1 contract

Samples: Loan Agreement (LumiraDx LTD)

Prepayment of Term Loans. (i) Borrower shall have the option, at any time after the Tranche A Closing Date, to prepay, in whole but not in part, outstanding principal amounts under the Term Loans advanced by Lenders under this Agreement; provided that (A) Borrower provides written notice to the Collateral Agent of its election (which shall be irrevocable unless the Collateral Agent otherwise consents in writing) to prepay all of the Term Loans, which notice shall include the amount of the outstanding aggregate principal amount of the Term Loans to be prepaid, at least five three (53) Business Days prior to such prepayment, and (B) the prepayment of such principal amount shall be accompanied by any and all accrued and unpaid interest thereon through the date of prepayment prepayment, any and any all amounts payable in connection with such prepayment pursuant to Section 2.2(e) and Section 2.2(f) (as applicable), together with ) and any and all other amounts payable or accrued and not yet paid under this Agreement and the other Loan DocumentsDocuments (including pursuant to Section 2.4 and Section 2.7). The Collateral Agent will promptly notify each Lender of its receipt of such notice notice, and the amount of such Lender’s Applicable Percentage of such prepayment. Notwithstanding anything in this Section 2.2(c)(i) to the contrary, Borrower may rescind any notice of prepayment under this Section 2.2(c)(i) if such prepayment would have resulted from a refinancing of the Term Loans or other contingent transaction, which refinancing or transaction shall not be consummated or shall otherwise be delayed (in which case, a new notice shall be required to be sent in connection with any subsequent prepayment).

Appears in 1 contract

Samples: Guaranty and Security Agreement (UroGen Pharma Ltd.)

Prepayment of Term Loans. (i) Borrower shall have the option, at any time after the Tranche A Closing Date, to prepay, in whole but not in part, outstanding principal amounts under the Term Loans advanced by Lenders under this Agreement; provided that (A) Borrower provides written notice to the Collateral Agent of its election (which shall be irrevocable unless the Collateral Agent otherwise consents in writing) to prepay all or the applicable portion of the Term Loans, which notice shall include the amount of the outstanding aggregate principal amount of the Term Loans Loan Notes to be prepaid, prepaid at least five three (53) Business Days prior to such prepayment, and (B) the prepayment of such principal amount shall be accompanied by any and all accrued and unpaid interest thereon through the date of prepayment prepayment, any and any all amounts payable in connection with such prepayment pursuant to Section 2.2(e) and Section 2.2(f) (as applicable), together with ) and any and all other amounts payable or accrued and not yet paid under this Agreement and the other Loan DocumentsDocuments (including pursuant to Section 2.4). The Collateral Agent will promptly notify each Lender of its receipt of such notice notice, and the amount of such Lender’s Applicable Percentage of such prepayment.

Appears in 1 contract

Samples: Loan Agreement (Coherus BioSciences, Inc.)

Prepayment of Term Loans. (i) Borrower shall have the option, at any time after the Tranche A Closing Date, to prepay, in whole but or in part (in amounts of not in partless than $20,000,000), outstanding principal amounts under the Term Loans advanced by Lenders under this Agreement; provided that (A) Borrower provides written notice to the Collateral Agent of its election (which shall be irrevocable unless the Collateral Agent otherwise consents in writing) to prepay all or the applicable portion of the Term Loans, which notice shall include the amount of the outstanding aggregate principal amount of the Term Loans Loan Notes to be prepaid, prepaid at least five (5) Business Days prior to such prepayment, and (B) the prepayment of such principal amount shall be accompanied by any and all accrued and unpaid interest thereon through the date of prepayment and any and all amounts payable in connection with such prepayment pursuant to Section 2.2(e) and Section 2.2(f) (as applicable)) and, together with in the case of a prepayment in whole, any and all other amounts payable or accrued and not yet paid under this Agreement and the other Loan DocumentsDocuments (including pursuant to Section 2.4). The Collateral Agent will promptly notify each Lender of its receipt of such notice notice, and the amount of such Lender’s Applicable Percentage of such prepayment. Notwithstanding anything in this Section 2.2(c)(i) to the contrary, Borrower may rescind any notice of prepayment under this Section 2.2(c)(i) if such prepayment would have resulted from a refinancing of the Term Loans or other contingent transaction, which refinancing or transaction shall not be consummated or shall otherwise be delayed (in which case, a new notice shall be required to be sent in connection with any subsequent prepayment).

Appears in 1 contract

Samples: Loan Agreement (Evolus, Inc.)

Prepayment of Term Loans. (i) Borrower shall have the option, at any time after the Closing Date, to prepay, in whole but not in part, prepay the Term Loans advanced by Lenders under this Agreement, in whole but not in part; provided that (A) Borrower provides written notice to the Collateral Agent of its election (which shall be irrevocable unless the Collateral Agent otherwise consents in writing) to prepay all of the Term Loans, which notice shall include the amount of the outstanding aggregate principal amount of the Term Loans to be prepaid, at least five (5) Business Days prior to such prepayment, and (B) the prepayment of such principal shall be accompanied by any and all accrued and unpaid interest thereon through the date of prepayment and any amounts payable in connection with such prepayment pursuant to Section 2.2(e) and Section 2.2(f) (as applicable), together with any and all other amounts payable or accrued and not yet paid under this Agreement and the other Loan Documents. The Collateral Agent will promptly notify each Lender of its receipt of such notice and the amount of such Lender’s Applicable Percentage of such prepayment.

Appears in 1 contract

Samples: Loan Agreement (Collegium Pharmaceutical, Inc)

Prepayment of Term Loans. (i) Borrower shall have the option, at any time after the Tranche A Closing Date, to prepay, in whole but part (in multiples of not less than $25,000,000) or in partwhole, outstanding principal amounts under the Term Loans advanced by Lenders under this Agreement; provided that (A) Borrower provides written notice to the Collateral Agent of its election (which shall be irrevocable unless the Collateral Agent otherwise consents in writing) to prepay all prepay, in part (in multiples of the Term Loansnot less than $25,000,000) or in whole, which notice shall include the amount of the outstanding aggregate principal amount of the Term Loans to be prepaid, at least five (5) Business Days prior to such prepaymentprepayment (which notice shall include the amount of the outstanding principal amount of the Term Loans to be prepaid), and (B) the prepayment of such principal amount shall be accompanied by any and all accrued and unpaid interest thereon through the date of prepayment prepayment, any and any all amounts payable in connection with such prepayment pursuant to Section 2.2(e) and Section 2.2(f) (as applicable)) and, together with in the case of a prepayment in whole and not in part, any and all other amounts payable or accrued and not yet paid under this Agreement and the other Loan DocumentsDocuments (including pursuant to Section 2.4). The Collateral Agent will promptly notify each Lender of its receipt of such notice notice, and the amount of such Lender’s Applicable Percentage of such prepayment. Notwithstanding anything in this Section 2.2(c)(i) to the contrary, Borrower may rescind any notice of prepayment under this Section 2.2(c)(i) if such prepayment would have resulted from a refinancing of the Term Loans or other contingent transaction, which refinancing or transaction shall not be consummated or shall otherwise be delayed (in which case, a new notice shall be required to be sent in connection with any subsequent prepayment).

Appears in 1 contract

Samples: Loan Agreement (Reata Pharmaceuticals Inc)

Prepayment of Term Loans. (i) Borrower shall have the option, at any time after the Tranche A Closing Date, to prepay, in whole but not in part, outstanding principal amounts under the Term Loans advanced by Lenders under this Agreement; provided that (A) Borrower provides written notice to the Collateral Agent of its election (which shall be irrevocable unless the Collateral Agent otherwise consents in writing) to prepay all of the Term Loans, which notice shall include the amount of the outstanding aggregate principal amount of the Term Loans to be prepaid, at least five three (53) Business Days prior to such prepayment, and (B) the prepayment of such principal amount shall be accompanied by any and all accrued and unpaid interest thereon through the date of prepayment prepayment, any and any all amounts payable in connection with such prepayment pursuant to Section 2.2(e) and Section 2.2(f) (as applicable), together with ) and any and all other amounts payable or accrued and not yet paid under this Agreement and the other Loan DocumentsDocuments (including pursuant to Section 2.4). The Collateral Agent will promptly notify each Lender of its receipt of such notice notice, and the amount of such Lender’s Applicable Percentage of such prepayment. Notwithstanding anything in this Section 2.2(c)(i) to the contrary, Borrower may rescind any notice of prepayment under this Section 2.2(c)(i) if such prepayment would have resulted from a refinancing of the Term Loans or other contingent transaction, which refinancing or transaction shall not be consummated or shall otherwise be delayed (in which case, a new notice shall be required to be sent in connection with any subsequent prepayment).

Appears in 1 contract

Samples: Loan Agreement (UroGen Pharma Ltd.)

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Prepayment of Term Loans. (i) Borrower shall have the option, at any time after the Tranche A Closing Date, to prepay, in whole but and not in part, the Term Loans advanced by Lenders under this Agreement; , provided that (A) Borrower provides shall provide written notice to the Collateral Agent of its election (which shall be irrevocable unless (i) the written notice with respect to such prepayment states that such prepayment is conditioned upon the consummation of a particular transaction or set of transactions and such transaction or transactions are not consummated or are otherwise delayed or (ii) the Collateral Agent otherwise consents in writing) to prepay all of the Term Loans, which such notice shall include the amount of the outstanding aggregate principal Tranche A Loan and the amount of the Term Loans Tranche B Loan to be prepaid, at least five (5) Business Days prior to such prepayment, prepayment and (B) the such prepayment of such principal shall be accompanied by any and all accrued and unpaid interest thereon through on the principal amount to be prepaid to the date of prepayment and any amounts payable in connection with such prepayment pursuant to Section 2.2(e) and or Section 2.2(f) (as applicable), together with any ) and all other amounts payable or accrued and not yet paid under this Agreement and the other Loan Documents. The Collateral Agent will promptly notify each Lender of its receipt of each such notice notice, and the amount of such Lender’s Applicable Percentage of such prepayment.

Appears in 1 contract

Samples: Loan Agreement (Lexicon Pharmaceuticals, Inc.)

Prepayment of Term Loans. (i) Borrower i)Borrower shall have the option, at any time after the Closing Date, to prepay, in whole but not or in part, outstanding principal amounts under the Term Loans Loan advanced by Lenders under this Agreement; provided that (A) Borrower provides written notice to the Collateral Agent of its election (which shall be irrevocable unless the Collateral Agent otherwise consents in writing) to prepay all or the applicable portion of the Term LoansLoan, which notice shall include the amount of the outstanding aggregate principal amount of the Term Loans Loan Notes to be prepaid, prepaid at least five three (53) Business Days prior to such prepayment, and (B) the prepayment of such principal amount shall be accompanied by any and all accrued and unpaid interest thereon through the date of prepayment prepayment, any and any all amounts payable in connection with such prepayment pursuant to Section 2.2(e) and Section 2.2(f) (as applicable), together with ) and any and all other amounts payable or accrued and not yet paid under this Agreement and the other Loan DocumentsDocuments (including pursuant to Section 2.4). The Collateral Agent will promptly notify each Lender of its receipt of such notice notice, and the amount of such ​ ​ Lender’s Applicable Percentage of such prepayment. For the avoidance of doubt, any proceeds from Permitted Transfers shall not require any prepayment of the Term Loan.

Appears in 1 contract

Samples: Loan Agreement (Coherus BioSciences, Inc.)

Prepayment of Term Loans. (i) Borrower i)Borrower shall have the option, at any time after the Tranche A Closing Date, to prepayprepay in whole, in whole but not in part, outstanding principal amounts under the Term Loans advanced by Lenders under this Agreement; provided that (A) Borrower provides written notice to the Collateral Agent of its election (which shall be irrevocable unless the Collateral Agent otherwise consents in writing) to prepay all of the Term Loansin whole, which notice shall include the amount of the outstanding aggregate principal amount of but not in part, the Term Loans to be prepaid, at least five (5) Business Days prior to such prepaymentprepayment (which notice shall include the amount of the outstanding principal amount of the Term Loans to be prepaid), and (B) the prepayment of such principal amount shall be accompanied by any and all accrued and unpaid interest thereon through the date of prepayment prepayment, any and any all amounts payable in connection with such prepayment pursuant to Section 2.2(e) and Section 2.2(f) (as applicable), together with ) and any and all other amounts payable or accrued and not yet paid under this Agreement and the other Loan DocumentsDocuments (including pursuant to Section 2.4). The Collateral Agent will promptly notify each Lender of its receipt of such notice notice, and the amount of such Lender’s Applicable Percentage of such prepayment. Notwithstanding anything in this Section 2.2(c)(i) to the contrary, Borrower may rescind any notice of prepayment under this Section 2.2(c)(i) if such prepayment would have resulted from a refinancing of the Term Loans or other contingent transaction, which refinancing or transaction shall not be consummated or shall otherwise be delayed (in which case, a new notice shall be required to be sent in connection with any subsequent prepayment).

Appears in 1 contract

Samples: Loan Agreement (ImmunoGen, Inc.)

Prepayment of Term Loans. (i) Borrower shall have the option, at any time after the Tranche A Closing Date, to prepay, in whole but not or in partincrements of $50 million (or, with respect to the Tranche B Term Loans and Tranche C Term Loans, in such other incremental amounts as otherwise agreed to under the Tranche B Term Loan Notes or Tranche C Term Loan Notes, as applicable) of outstanding principal thereunder, the Term Loans advanced by Lenders under this AgreementAgreement in accordance with the terms of the Term Loan Notes; provided that (A) Borrower provides written notice to the Collateral Agent of its election (which shall be irrevocable unless the Collateral Agent otherwise consents in writing) to prepay all or such portion of the Term LoansLoans in accordance with the terms of the Term Loan Notes, which notice shall include the amount of the outstanding aggregate principal amount of the Term Loans Loan Notes to be prepaid, prepaid at least five (5) Business Days prior to such prepayment, and (B) the prepayment of such principal shall be accompanied by any and all accrued accrued, unpaid and unpaid uncapitalized interest thereon through the date of prepayment and any and all amounts payable in connection with such prepayment pursuant to Section 2.2(e), Section 2.2(f) and Section 2.2(f2.7(b) (as applicable)) and, together with in the case of a prepayment in whole, any and all other amounts payable or accrued and not yet paid under this Agreement and the other Loan DocumentsDocuments (including pursuant to Section 2.4). The Collateral Agent will promptly notify each Lender of its receipt of such notice notice, and the amount of such Lender’s Applicable Percentage of such prepayment.

Appears in 1 contract

Samples: Loan Agreement (LumiraDx LTD)

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