Common use of Scheduled Payments Clause in Contracts

Scheduled Payments. Borrower shall make a payment of accrued interest only on the outstanding principal amount of each Loan on the first twelve (12) Payment Dates specified in the Note applicable to such Loan and thereafter, an equal payment of principal plus accrued interest on the outstanding principal amount of each Loan on the next thirty (30) Payment Dates as set forth in the Note applicable to such Loan (collectively, the “Scheduled Payments”). Borrower shall make such Scheduled Payments commencing on the date set forth in the Note applicable to such Loan and continuing thereafter on the first Business Day of each calendar month (each a “Payment Date”) through the Maturity Date. In any event, all unpaid principal and accrued interest shall be due and payable in full on the Maturity Date.

Appears in 3 contracts

Sources: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Ambit Biosciences Corp), Venture Loan and Security Agreement (Ambit Biosciences Corp)

Scheduled Payments. Borrower shall make a payment payments of accrued interest only on the outstanding principal amount of each Loan on the first twelve (12) Payment Dates specified in the Note applicable to such Loan and thereafter, an thirty (30) equal payment payments of principal plus accrued interest on the outstanding principal amount of each Loan on the next thirty (30) each subsequent Payment Dates Date as set forth in the Note applicable to such Loan (collectively, the “Scheduled Payments”). Borrower shall make such Scheduled Payments commencing on the date set forth in the Note applicable to such Loan and continuing thereafter on the first Business Day of each calendar month (each a “Payment Date”) through the Maturity Date. In any event, all unpaid principal and accrued interest shall be due and payable in full fall on the Maturity Date.

Appears in 3 contracts

Sources: Venture Loan and Security Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc)

Scheduled Payments. Borrower shall make a payment of accrued interest only on the outstanding principal amount of each Loan on the first twelve (12) Payment Dates specified in the Note applicable to such each Loan and thereafter, an equal payment of principal plus accrued interest on the outstanding principal amount of each Loan on the next thirty twenty-seven (3027) Payment Dates as set forth in the Note applicable to such each Loan (collectively, the “Scheduled Payments”). Borrower shall make such Scheduled Payments commencing on the date set forth in the Note applicable to such each Loan and continuing thereafter on the first Business Day of each calendar month (each a “Payment Date”) through the Maturity Date. In any event, all unpaid principal and accrued interest shall be due and payable in full on the Maturity Date.

Appears in 2 contracts

Sources: Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp), Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp)

Scheduled Payments. Borrower shall make a payment payments of accrued interest only on the outstanding principal amount of each the Loan on the first twelve eighteen (1218) Payment Dates specified in the Note applicable to such the Loan and thereafter, an equal payment twenty-four (24) level payments of principal plus accrued interest on the outstanding principal amount of each the Loan on the next thirty (30) each subsequent Payment Dates Date as set forth in the Note applicable to such Loan (collectively, the "Scheduled Payments"). Borrower shall make such Scheduled Payments commencing on the date set forth in the Note applicable to such Loan and continuing thereafter on the first Business Day of each calendar month (each a "Payment Date") through the Maturity Date. In any event, all unpaid principal and accrued interest shall be due and payable in full on the Maturity Date.

Appears in 2 contracts

Sources: Venture Loan and Security Agreement (Activbiotics Inc), Venture Loan and Security Agreement (Activbiotics Inc)

Scheduled Payments. Borrower shall make a payment of accrued interest only on the outstanding principal amount of each Loan on the first twelve (12) Payment Dates specified in the Note applicable to such Loan and thereafter, an equal payment of principal plus accrued interest on the outstanding principal amount of each Loan on the next thirty (30) Payment Dates as set forth in the Note applicable to such Loan (collectively, the “Scheduled Payments”). Borrower shall make such Scheduled Payments commencing on the date set forth in the Note applicable to such Loan and continuing thereafter on the first Business Day of each calendar month (each a “Payment Date”) through the Maturity DateDate of the applicable Loan. In any event, all unpaid principal and accrued interest shall be due and payable in full on the Maturity DateDate applicable to such Loan.

Appears in 1 contract

Sources: Venture Loan and Security Agreement (Xtera Communications, Inc.)

Scheduled Payments. Borrower shall make a payment of accrued interest only and principal in the amounts and on the outstanding principal amount of each Loan on the first twelve (12) Payment Dates specified in the Note applicable to such Loan and thereafter, an equal payment of principal plus accrued interest on the outstanding principal amount of each Loan on the next thirty (30) Payment Dates as set forth in the Note applicable to such Loan (collectively, the “Scheduled Payments”). Borrower shall make such Scheduled Payments commencing on the date set forth in the Note applicable to such Loan and continuing thereafter on the first Business Day of each calendar month (each a “Payment Date”) through the Maturity Date. In any event, all unpaid principal and accrued interest on each Loan shall be due and payable in full on the Maturity Date.

Appears in 1 contract

Sources: Venture Loan and Security Agreement (Kodiak Robotics, Inc.)

Scheduled Payments. Borrower shall make a payment of accrued interest only on the outstanding principal amount of each Loan on the first twelve nine (129) Payment Dates specified in the Note applicable to such Loan and thereafter, an equal payment of principal plus accrued interest on the outstanding principal amount of each Loan on the next thirty (30) Payment Dates as set forth in the Note applicable to such Loan (collectively, the “Scheduled Payments”). Borrower shall make such Scheduled Payments commencing on the date set forth in the Note applicable to such Loan and continuing thereafter on the first Business Day of each calendar month (each a “Payment Date”) through the Maturity Date. In any event, all unpaid principal and accrued interest shall be due and payable in full on the Maturity Date.

Appears in 1 contract

Sources: Venture Loan and Security Agreement (Cereplast Inc)

Scheduled Payments. Borrower shall make a payment payments of accrued interest only on the outstanding principal amount of each Loan on the first twelve nine (129) Payment Dates specified in the Note applicable to such Loan and thereafter, an thirty (30) equal payment payments of principal plus accrued interest on the outstanding principal amount of each Loan on the next thirty (30) each Payment Dates Date as set forth in the Note applicable to such Loan (collectively, the “Scheduled Payments”). Borrower shall make such Scheduled Payments commencing on the date set forth in the Note applicable to such Loan and continuing thereafter on the first Business Day of each calendar month (each a “Payment Date”) through the Maturity Date. In any event, all unpaid principal and accrued interest shall be due and payable in full on the Maturity Date.

Appears in 1 contract

Sources: Venture Loan and Security Agreement (Infinity Pharmaceuticals, Inc.)

Scheduled Payments. Borrower shall make a payment payments of accrued interest only on the outstanding principal amount of each Loan on the first twelve (12) Payment Dates specified in the Note applicable to such Loan through and thereafterincluding January 1, an 2007 and thirty (30) equal payment payments of principal plus accrued interest on the outstanding principal amount of each Loan on the next thirty (30) each subsequent Payment Dates Date as set forth in the Note applicable to such Loan (collectively, the "Scheduled Payments"). Borrower shall make such Scheduled Payments commencing on the date set forth in the Note applicable to such Loan and continuing thereafter on the first Business Day of each calendar month (each a "Payment Date") through the Maturity Date. In any event, all unpaid principal and accrued interest shall be due and payable in full on the Maturity Date.

Appears in 1 contract

Sources: Venture Loan and Security Agreement (Convio, Inc.)

Scheduled Payments. Borrower shall make a payment of accrued interest only on the outstanding principal amount of each the Loan on the first twelve nine (129) Payment Dates payment dates specified in the Note applicable to such Loan and thereafter, an equal payment of principal plus accrued interest on the outstanding principal amount of each the Loan on the next thirty twenty-four (3024) Payment Dates payment dates as set forth in the Note applicable to such Loan (collectively, the “Scheduled Payments”). Borrower shall make such Scheduled Payments commencing on the date set forth in the Note applicable to such Loan and continuing thereafter on the first Business Day of each calendar month (each a “Payment Date”) through the Maturity Date. In any event, all unpaid principal and accrued interest shall be due and payable in full on the Maturity Date.

Appears in 1 contract

Sources: Venture Loan and Security Agreement (Tengion Inc)

Scheduled Payments. Borrower shall make a payment (i) payments of accrued interest only on the outstanding principal amount of each the Loan commencing on the first twelve day of the calendar month following the Funding Date through and including January 1,2007 and (12ii) Payment Dates specified in the Note applicable to such Loan and thereafter, an equal payment payments of principal plus accrued interest on the outstanding principal amount of each the Loan on the next thirty (30) Payment Dates as set forth in the Note applicable to such Loan commencing February 1, 2007 through and including July 1,2009 (collectively, the "Scheduled Payments"). Borrower shall make such Scheduled Payments commencing on the date set forth in the Note applicable to such Loan and continuing thereafter on the first Business Day of each calendar month (each a "Payment Date") through the Maturity Date. In any event, all unpaid principal and accrued interest shall be due and payable in full on the Maturity Date.

Appears in 1 contract

Sources: Venture Loan and Security Agreement (Isilon Systems, Inc.)

Scheduled Payments. With respect to each Loan, Borrower shall make a payment payments of accrued interest only on the outstanding principal amount of each such Loan on the first twelve (12) Payment Dates specified in the Note applicable to such Loan and thereafter, an thirty (30) equal payment payments of principal plus accrued interest on the outstanding principal amount of each such Loan on the next thirty (30) each subsequent Payment Dates Date as set forth in the Note applicable to such Loan (collectively, the “Scheduled Payments”). Borrower shall make such Scheduled Payments commencing on the date set forth in the Note applicable to such Loan and continuing thereafter on the first Business Day of each calendar month (each a “Payment Date”) through the Maturity Date. On or before the Funding Date of each Loan Lender shall provide Borrower with an amortization and payment schedule for such Loan. In any event, all unpaid principal and accrued interest shall be due and payable in full on the Maturity Date.

Appears in 1 contract

Sources: Venture Loan and Security Agreement (Tengion Inc)

Scheduled Payments. Borrower Borrowers shall make a payment of accrued interest only on the outstanding principal amount of each the Loan on the first twelve (12) Payment Dates specified in the Subordinated Note applicable to such Loan and thereafter, an equal payment of principal plus accrued interest on the outstanding principal amount of each the Loan on the next thirty (30) Payment Dates as set forth in the Subordinated Note applicable to such Loan (collectively, the “Scheduled Payments”). Borrower Borrowers shall make such Scheduled Payments commencing on the date set forth in the Subordinated Note applicable to such Loan and continuing thereafter on the first Business Day of each calendar month (each a “Payment Date”) through the Maturity Date. In any event, all unpaid principal and accrued interest shall be due and payable in full on the Maturity Date.

Appears in 1 contract

Sources: Venture Loan and Security Agreement (Everyday Health, Inc.)