Common use of Mandatory Prepayment Upon a Liquidation Event Clause in Contracts

Mandatory Prepayment Upon a Liquidation Event. If a Liquidation Event shall occur, then Borrower shall within 60 days of such Liquidation Event pay to Lender (i) the outstanding principal amount of the Note and any unpaid accrued interest, (ii) the Final Payment, (iii) the Prepayment Fee, and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to this Note.

Appears in 3 contracts

Samples: Loan and Security Agreement, The Loan and Security Agreement (GlassHouse Technologies Inc), Loan and Security Agreement (GlassHouse Technologies Inc)

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Mandatory Prepayment Upon a Liquidation Event. If a Liquidation Event shall occur, then Borrower shall within 60 sixty (60) days of such Liquidation Event pay to Lender (i) all unpaid Interim Payments and/or Scheduled Payments due before the date of prepayment, (ii) the outstanding principal amount of the Note and any unpaid accrued interest, (iiiii) the Final Payment, (iii) the Prepayment Fee, and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to this Note.

Appears in 2 contracts

Samples: Loan and Security Agreement (GlassHouse Technologies Inc), Loan and Security Agreement (GlassHouse Technologies Inc)

Mandatory Prepayment Upon a Liquidation Event. If a Liquidation Event shall occur, then Borrower shall within 60 days of the closing of such Liquidation Event pay to Lender Agent for the benefit of the Lenders (i) the outstanding principal amount of the Note and any unpaid accrued interest, (ii) the Final Payment, and (iii) the Prepayment Fee, and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to this Note.

Appears in 2 contracts

Samples: Share Pledge Agreement, Share Pledge Agreement (Zipcar Inc)

Mandatory Prepayment Upon a Liquidation Event. If a Liquidation Event shall occur, then Borrower shall within 60 days of such Liquidation Event pay to Lender (i) the outstanding principal amount of the Note and any unpaid accrued interest, (ii) the Final PaymentPrepayment Fee, (iii) the Prepayment Restructure Fee, (iv) the Second Restructure Fee, (v) the Third Restructure Fee, and (ivvi) all other sums, if any, that shall have become due and payable hereunder with respect to this Note.

Appears in 1 contract

Samples: Secured Promissory Note (GlassHouse Technologies Inc)

Mandatory Prepayment Upon a Liquidation Event. If a Liquidation Event shall occur, then Borrower shall within 60 sixty (60) days of such Liquidation Event pay to Lender (i) all unpaid Interim Payment and/or Scheduled Payments with respect to the Loans due prior to the date of prepayment, (ii) the outstanding principal amount of the Note Loans and any unpaid accrued interest, (ii) the Final Payment, and (iii) the Prepayment Fee, and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to this Notethe Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Skystream Networks Inc)

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Mandatory Prepayment Upon a Liquidation Event. If a Liquidation Event shall occur, then Borrower shall within 60 days of such Liquidation Event pay to Lender (i) the outstanding principal amount of the Note and any unpaid accrued interest, (ii) the Final Payment, (iii) the Prepayment Fee, (iv) the Restructure Fee, and (ivv) all other sums, if any, that shall have become due and payable hereunder with respect to this Note.

Appears in 1 contract

Samples: GlassHouse Technologies Inc

Mandatory Prepayment Upon a Liquidation Event. If a Liquidation Event shall occur, then Borrower shall within 60 days of such Liquidation Event pay to Lender (i) the outstanding principal amount of the Note and any unpaid accrued interest, (ii) the Final Payment, and (iii) the Prepayment Fee, and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to this Note.

Appears in 1 contract

Samples: Share Pledge Agreement (Zipcar Inc)

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