Common use of Accelerated Payments Clause in Contracts

Accelerated Payments. Upon the occurrence of an Event of Default and the acceleration of the Discretionary Note, pursuant to and as permitted by Section 10.2, the Discretionary Note and all other Obligations, shall be immediately due and payable as provided in Section 10.2 and in the Discretionary Note.

Appears in 2 contracts

Samples: Credit Agreement (Medicalcv Inc), Discretionary Credit Agreement (Medicalcv Inc)

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Accelerated Payments. Upon the occurrence of an Event of Default and the acceleration of the Discretionary Note, pursuant to and as permitted by Section 10.29.2, the Discretionary Note and all other Obligations, shall be immediately due and payable as provided in Section 10.2 9.2 and in the Discretionary Note.

Appears in 2 contracts

Samples: October 2004 Credit Agreement (Medicalcv Inc), February 2005 Credit Agreement (Medicalcv Inc)

Accelerated Payments. Upon the occurrence of an Event of Default and the acceleration of the Discretionary Note, pursuant to and as permitted by Section 10.2, the Discretionary Note and all other Obligations, shall be immediately due and payable as provided in Section 10.2 and in the Discretionary Note.

Appears in 1 contract

Samples: Credit Agreement (Access Integrated Technologies Inc)

Accelerated Payments. Upon the occurrence of an Event of Default and the acceleration of the Discretionary any Note, pursuant to and as permitted by Section 10.2, the Discretionary Note and all other Obligations, shall be immediately due and payable as provided in Section 10.2 and in the Discretionary Note.

Appears in 1 contract

Samples: Credit Agreement (Vascular Solutions Inc)

Accelerated Payments. Upon the occurrence of an Event of Default and the acceleration of the Discretionary Revolving Note, pursuant to and as permitted by Section 10.2, the Discretionary Revolving Note and all other Obligations, shall be immediately due and payable as provided in Section 10.2 and in the Discretionary Revolving Note.

Appears in 1 contract

Samples: Revolving Credit Agreement (August Technology Corp)

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Accelerated Payments. Upon the occurrence of an Event of Default and the acceleration of the Discretionary Note, pursuant to and as permitted by Section 10.29.2, the Discretionary Note and all other Obligations, shall be immediately due and payable as provided in Section 10.2 9.2 and in the Discretionary Note. THE BORROWER ACKNOWLEDGES THAT THE LENDER MAY DEMAND PAYMENT OF THE DISCRETIONARY NOTE AT ANY TIME WHETHER OR NOT A DEFAULT OF EVENT OF DEFAULT HAS OCCURRED.

Appears in 1 contract

Samples: Credit Agreement (Medicalcv Inc)

Accelerated Payments. Upon the occurrence of an Event of Default and the acceleration of any one or more of the Discretionary NoteNotes, pursuant to and as permitted by Section 10.2, all of the Discretionary Note Notes and all other Obligations, shall be immediately due and payable as provided in Section 10.2 and in the Discretionary NoteNotes.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Aura Systems Inc)

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