Examples of Growth Capital Advance in a sentence
All unpaid principal and accrued interest is due and payable in full on the Growth Capital Maturity Date with respect to such Growth Capital Advance.
Lenders shall withhold from the disbursement of the Initial Growth Capital Advance an amount equal to their respective pro-rata amounts in accordance with their respective Commitment Percentages (as defined under the Original Agreement) owing by Borrower for the total Existing Term Loans in the amount of $375,000 (the “Existing Term Loans Final Payment”).(e) Lenders Expenses.
To obtain the Additional Growth Capital Advance, Borrower must deliver to Lenders a completed Disbursement Letter in the form attached as Exhibit B-1 and to SVB a completed Loan Payment/Advance Request Form in the form attached as Exhibit B-2.
Payments received as to a Growth Capital Advance after 12:00 noon Pacific time are considered received at the opening of business on the next Business Day.(b) Interest Rate.(i) Growth Capital Loans.
Lenders shall apply the proceeds from the Initial Growth Capital Advance to refinance the amounts outstanding to each Lender with respect to the Existing Term Loans.2.2 Termination of Commitment to Lend.