Common use of Interim payment Clause in Contracts

Interim payment. Unless the Funding Date for a Loan is the first day of a calendar month, Borrower shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar month.

Appears in 25 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (D-Wave Quantum Inc.), Venture Loan and Security Agreement (IMV Inc.)

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Interim payment. Unless the Funding Date for a the Loan is the first day of a calendar month, Borrower shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such the Loan on the first Business Day of the next calendar month.

Appears in 8 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Interleukin Genetics Inc), Venture Loan and Security Agreement (Tengion Inc)

Interim payment. Unless the Funding Date for a Loan is the first day of a calendar month, Borrower Co-Borrowers shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar month.

Appears in 4 contracts

Samples: Loan Agreement (Environmental Impact Acquisition Corp), Loan and Security Agreement (Cerecor Inc.), Venture Loan and Security Agreement (Castle Creek Biosciences, Inc.)

Interim payment. Unless the Funding Date for a Loan is the first day of a calendar month, Borrower shall pay the per diem interest (accruing at the applicable Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar month.

Appears in 3 contracts

Samples: Venture Loan and Security Agreement (Enphase Energy, Inc.), Venture Loan and Security Agreement (Enphase Energy, Inc.), Venture Loan and Security Agreement (Enphase Energy, Inc.)

Interim payment. Unless the Funding Date for a Loan is the first day of a calendar month, Borrower shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar monthmonth following the Funding Date.

Appears in 3 contracts

Samples: Consent and Waiver Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc)

Interim payment. Unless the Funding Date for a Loan is the first day of a calendar month, Borrower shall pay the per diem interest (accruing at the Loan Rate from the such Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar month.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (MAP Pharmaceuticals, Inc.), Loan and Security Agreement (MAP Pharmaceuticals, Inc.)

Interim payment. Unless the Funding Date for a Loan is the first day of a calendar month, Co-Borrower shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar month.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Catasys, Inc.), Venture Loan and Security Agreement (Catasys, Inc.)

Interim payment. Unless the Funding Date for a the Loan is the first day of a calendar month, Borrower shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar month.

Appears in 2 contracts

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

Interim payment. Unless the Funding Date for a Loan is the first day Business Day of a calendar month, Borrower shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar month.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Argos Therapeutics Inc)

Interim payment. Unless the Funding Date for a Loan is the first day of a calendar month, each Co-Borrower shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar month.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (vTv Therapeutics Inc.)

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Interim payment. Unless the Funding Date for a Loan is the first day of a calendar month, Borrower shall pay the per diem interim interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar monthFunding Date.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Myogen Inc)

Interim payment. Unless the Funding Date for a Loan is the first day of a the calendar month, Borrower shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar month.

Appears in 1 contract

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

Interim payment. Unless the Funding Date for a the Loan is the first day of a calendar month, Borrower shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such the Loan on the first Business Day of the next calendar monthmonth following the Funding Date.

Appears in 1 contract

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

Interim payment. Unless the Funding Date for a the Loan is the first day of a calendar month, Borrower the Co-Borrowers shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such the Loan on the first Business Day of the next calendar month.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Satcon Technology Corp)

Interim payment. Unless the Funding Date for a the Loan is the first day of a calendar month, Borrower Borrowers shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such the Loan on the first Business Day of the next calendar month.

Appears in 1 contract

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

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