Mandatory Prepayment Upon Acceleration Clause Samples
The "Mandatory Prepayment Upon Acceleration" clause requires a borrower to immediately repay all outstanding loan amounts if certain acceleration events occur, such as a default or breach of contract. In practice, this means that if the lender declares the loan due and payable ahead of schedule due to a triggering event, the borrower must promptly pay back the principal, interest, and any other amounts owed. This clause ensures that lenders can recover their funds quickly in high-risk situations, thereby protecting their interests and minimizing potential losses.
Mandatory Prepayment Upon Acceleration. If this Note is accelerated following the occurrence of an Event of Default or otherwise, then Borrower shall immediately pay to Lender (i) all unpaid Scheduled Payments due before the date of prepayment, (ii) the outstanding principal amount of the Note, (iii) the Final Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to this Note.
Mandatory Prepayment Upon Acceleration. If the Term Loans are accelerated (whether following the occurrence and during the continuation of an Event of Default, by operation of law or otherwise), Borrowers shall immediately pay to Lender an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest, plus (ii) the End of Term Fee, as further described in Section 2.01(f), below; plus (iii) all other sums, if any, that shall have become due and payable, including interest at the Default Rate to the extent applicable and any Applicable Prepayment Premium, as further described in Section 2.01(f), below.
Mandatory Prepayment Upon Acceleration. Upon any acceleration of any Loan pursuant to Section 7.02, Borrower shall immediately repay all (or if only a portion is accelerated thereunder, such portion of) the Loans then outstanding, including accrued and unpaid interest thereon, plus the aggregate Prepayment Fee for all such Loans and all other amounts owed under the Loan Documents.
Mandatory Prepayment Upon Acceleration. If the Term Loans are accelerated by Lender pursuant to Section 9.1(a) following the occurrence of an Event of Default, Borrower shall immediately pay to Lender an amount in cash equal to the sum of: (i) all outstanding principal plus accrued interest under the Term Loans, (ii) accrued and unpaid interest on the Term Loans, and (iii) all other sums, if any, that shall have become due and payable hereunder, including interest at the Default Rate with respect to any past due amounts.
Mandatory Prepayment Upon Acceleration. If repayment of the Term Loan is accelerated, Borrower shall immediately pay to Lenders an amount equal to the sum of (a) all outstanding principal with respect to the Term Loan, plus accrued and unpaid interest thereon, (b) the Prepayment Fee, (c) the Closing Fee (less any portion of such Closing Fee already paid), and (d) all other sums, including Lender Expenses, if any, that shall have become due and payable hereunder in connection with the Term Loan, including interest at the Default Rate with respect to any past due amounts.
Mandatory Prepayment Upon Acceleration. If, prior to the Maturity Date, the balance of the Debt shall become due and owing as a result of acceleration following the occurrence of any Event of Default or otherwise, Borrower shall immediately pay the Loan and any interest that would have accrued on the Loan through the next Payment Date.
Mandatory Prepayment Upon Acceleration. If repayment of the Term Loan is accelerated after the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to the Administrative Agent for the benefit of the Lenders and Agents an amount equal to the sum of (a) all outstanding principal with respect to the Term Loan (including, for the avoidance of doubt, any interest capitalized and added to principal pursuant to the terms herein), plus, without duplication for any capitalized interest, all accrued and unpaid interest thereon, (b) the Prepayment Fee, (c) the Closing Fee (less any portion of such Closing Fee already paid pursuant to Section 1.2(c)(ii) hereof), and (d) without duplication, all other sums, including Lender Expenses, if any, that shall have become due and payable hereunder in connection with the Term Loan, including interest at the Default Rate with respect to any past due amounts. Credit Agreement – Domo, Inc.
Mandatory Prepayment Upon Acceleration. If repayment of the Term Loan is accelerated after the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to the Administrative Agent for the benefit of the Lenders and Agents (or, solely in the case of Agent Expenses, to the applicable Agent to whom such Agent Expenses are outstanding) an amount equal to the sum of (a) all outstanding principal with respect to the Term Loan (including, for the avoidance of doubt, any interest capitalized and added to principal pursuant to the terms herein), plus, without duplication for any capitalized interest, all accrued and unpaid interest thereon, (b) the Prepayment Fee, if any, (c) the Closing Fee (less any portion of such Closing Fee already paid pursuant to Section 1.2(c)(ii) hereof), and (d) the Amendment Fee, and (e) without duplication, all other sums, including Lender Expenses and Agent Expenses, if any, that shall have become due and payable hereunder in connection with the Term Loan, including interest at the Default Rate with respect to any past due amounts.
Mandatory Prepayment Upon Acceleration. If the Loan is accelerated following the occurrence of an Event of Default pursuant to Section 9.1(a) hereof, then Borrower, in addition to any other amounts which may be due and owing hereunder, shall immediately pay to Lender the amount set forth in Section 2.3(b) below, as if the Borrower had opted to prepay on the date of such acceleration.
Mandatory Prepayment Upon Acceleration. If the Term Loan is accelerated following the occurrence of an Event of Default, Borrower shall promptly (and in any event within fourteen (14) days) pay to the Lender an amount in cash equal to the sum of (A) all outstanding principal of the Term Loan, plus accrued and unpaid interest thereon (including Accruing Interest), and (B) all other sums and other outstanding Obligations, if any, that shall have become due and payable hereunder or under the other Loan Documents.