Loan Acceleration. If Borrower is more than 30 days late in making any payment, Xxxxxx may declare that the entire balance of unpaid principal is due immediately, together with the interest that has accrued.
Loan Acceleration. Subject to Section VII.
Loan Acceleration. CIRM shall have the right but not the obligation to require the Loan Recipient to accelerate repayment of the Loan Balance if: (i) a Change of Control occurs, (ii) if this Agreement is terminated pursuant to Section 8.2(d), (e), (f), or (h), or because Loan Recipient has committed a material breach of the Loan Administration Policy or (iii) the Loan Recipient is found guilty of criminal, scientific or financial misconduct pursuant to a judicial proceeding, or in the case of scientific misconduct, an investigation conducted by an independent body satisfactory to CIRM. In the event of a Change of Control, a decision to accelerate repayment of the Loan Balance shall be made by the Intellectual Property and Industry Subcommittee of CIRM’s Governing Board, based on the recommendation of the President of CIRM. If the proposed Change of Control is not a matter of public knowledge, the Intellectual Property and Industry Subcommittee of CIRM’s Governing Board shall consider the matter in closed session to protect the confidentiality of the Change of Control transaction. Notwithstanding the above, in the event of any Change of Control, repayment of the Loan Balance shall not be accelerated if the conditions specified in Section H.1 of Article VII of the Loan Administration Policy are satisfied. [****] Certain information has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to omitted portions.
Loan Acceleration. Any of the following will be deemed an “Acceleration Event” hereunder:
Loan Acceleration. CIRM shall have the right but not the obligation to require the Loan Recipient to accelerate repayment of the Loan Balance if a Change of Control occurs or if this Agreement is terminated pursuant to Section 8.1(a)-(e). A decision to accelerate repayment of the Loan Balance shall be made by the Intellectual Property and Industry Subcommittee of CIRM’s Governing Board, based on the recommendation of the President of CIRM. If the proposed Change of Control is not a matter of public knowledge, the Intellectual Property and Industry Subcommittee of CIRM’s Governing Board shall consider the matter in closed session to protect the confidentiality of the Change of Control transaction.
Loan Acceleration. Upon the occurrence of any Event of Default, the Facility Agent may, and, upon instruction from the Majority Banks, shall, forthwith notify the Borrower in writing whereupon the Outstanding Indebtedness shall become immediately due and payable and the Banks shall be under no further obligation to advance funds to the Borrower hereunder.
Loan Acceleration. Borrower and Trust represent to Lender that TCW as lender under the Loan Documents has, prior to the date hereof, sent a notice to Borrower accelerating the entire outstanding principal amount of the Note pursuant to Section 3(c) of the Note. Lender hereby rescinds such notice and Borrower, Trust and Lender hereby agree and acknowledge that the maturity of the Note is not accelerated and that such notice from TCW is of no further force and effect. Borrower and Lender agree that the provisions of Section 3(c) of the Note are hereby deleted in their entirety.
Loan Acceleration. If your loan is immediately due and payable, you must promptly pay in full the unpaid principal amount of the loan, all accrued interest, and any other amounts and fees payable under this Note.
Loan Acceleration. The Company may enter into an agreement, on terms acceptable to Parent, regarding the waiver of rights to accelerate payment of loans made by the Company to employees of the Company in respect of, and secured by, stock of the Company, payable to the Company upon a change of control of the Company resulting from the Merger.
Loan Acceleration. If Borrower is more than days late in making any payment, Lender may declare that the entire balance of unpaid principal is due immediately, together with the interest that has accrued. Lender may also use all remedies in law and in equity to enforce and collect the amount owed under this Note.
