Standard Terms and Conditions Apply. Upon the earliest to occur of (a) a breach of the Minimum Cash Balance Requirement, (b) a breach of the Maximum Outstandings Requirement, (c) the occurrence of an Event of Default under the Loan Documents, or (d) a breach of Borrower’s obligations under this Agreement, all of the respective terms and conditions of the Loan Agreement that have been modified by this Agreement will immediately revert to the respective standard terms and conditions as provided for in the Loan Agreement (without giving effect to this Agreement), which standard terms will immediately go back into effect without any further action on the part of Silicon or Borrower. In order to initiate an Advance while this Agreement is in effect, the Borrower must provide Silicon with (i) a signed funding transmittal request (in form acceptable to Silicon) and (ii) copies of the reports required pursuant to Section 6.2 of the Loan Agreement. This letter agreement, the Loan Agreement and the other Loan Documents set forth in full all of the representations and agreements of the parties with respect to the subject matter hereof and supersede all prior discussions, oral representations, oral agreements and oral understandings between the parties with respect to the subject hereof. Except as herein expressly amended, all of the terms and provisions of the Loan Agreement and all other Loan Documents shall continue in full force and effect and the same are hereby ratified and confirmed. If the foregoing correctly sets forth our agreement, please sign the enclosed copy of this Agreement and return it to us. Sincerely yours, Silicon Valley Bank By /s/ Xxxxx Xxxxx Title VP Accepted and agreed: Borrower: Versant Corporation By /s/ Xxxxxx Xxxxx President or Vice President
Standard Terms and Conditions Apply. Upon the earliest to occur of (I) a breach of the Minimum Cash Requirement or (II) the occurrence of a Default or Event of Default under the Loan Documents, all of the respective terms and conditions of this Agreement that have been modified by this Section 2.1.1(b) will immediately revert to the respective standard terms and conditions as provided for in this Agreement (without giving effect to this Section 2.1.1(b)), which standard terms will immediately go back into effect without any further action on the part of Bank or Borrower, provided that if such breach of the Minimum Cash Requirement, Default or Event of Default is cured or waived, the Streamline Period shall be reinstated without any further action on the part of Bank or Borrower.
Standard Terms and Conditions Apply. Upon the earliest to occur of (a) a breach of the Minimum Availability Requirement, (b) the occurrence of a Default or Event of Default under the Loan Documents, or (c) a breach of Borrower's obligations under this Agreement, all of the respective terms and conditions of the Loan Agreement and Exim Loan Agreement that have been modified by this Agreement will immediately revert to the respective standard terms and conditions as provided for in the Loan Agreement or, as applicable, the Exim Loan Agreement (without giving effect to this Agreement), which standard terms will immediately go back into effect without any further action on the part of Silicon or Borrower.
Standard Terms and Conditions Apply. Upon the earliest to occur of (I) a breach of the Maximum Outstandings Requirement or (II) the occurrence of a Default or Event of Default under the Loan Documents, all of the respective terms and conditions of this Agreement that have been modified by this Section
Standard Terms and Conditions Apply. Upon the earliest to occur of (I) the occurrence of a Default or Event of Default under the Loan Documents, or (II) a failure at any time to maintain the Outstandings Requirement (if such is the basis for the Streamline Period being in effect) or (III) a failure at any time to maintain the AQR Requirement (if such is the basis for the Streamline Period being in effect), all of the respective terms and conditions of this Agreement that have been modified by this Section 2.1.1(b) will immediately revert to the respective standard terms and conditions as provided for in this Agreement (without giving effect to this Section 2.1.1(b)), which standard terms will immediately go back into effect without any further action on the part of Bank or Borrower; provided, however, if following the cessation of a Streamline Period the Outstandings Requirement or AQR Requirement is thereafter satisfied for a period of at least one month (and no Default or Event of Default has occurred and is continuing), Borrower may elect to again put a Streamline Period into effect pursuant to the terms hereof by giving Bank at least 5 days prior written notice, specifying the date the Streamline Period is to begin.”
