Common use of Mandatory Prepayment Upon an Acceleration Clause in Contracts

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 6 contracts

Samples: Loan and Security Agreement (Imunon, Inc.), Loan and Security Agreement (Environmental Impact Acquisition Corp), Loan and Security Agreement (Eyenovia, Inc.)

AutoNDA by SimpleDocs

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, and (iviii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 4 contracts

Samples: Loan and Security Agreement (Molekule Group, Inc.), Loan and Security Agreement (Codex DNA, Inc.), Loan and Security Agreement (Fastly, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment FeeFinal Payment, (iii) the Final PaymentPrepayment Fee, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 4 contracts

Samples: Loan and Security Agreement (Liquidia Corp), Loan and Security Agreement (Augmedix, Inc.), Loan and Security Agreement (Candel Therapeutics, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, and (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 4 contracts

Samples: Mezzanine Loan and Security Agreement (Health Catalyst, Inc.), Mezzanine Loan and Security Agreement (Health Catalyst, Inc.), Mezzanine Loan and Security Agreement (Health Catalyst, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, (ii) the Prepayment FeePremium, (iii) the Final Payment, and plus (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 3 contracts

Samples: Loan and Security Agreement (Treace Medical Concepts, Inc.), Loan and Security Agreement (Treace Medical Concepts, Inc.), Loan and Security Agreement (Sunshine Heart, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the Prepayment Fee, (iii) the Final Payment, and (iviii) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts.

Appears in 3 contracts

Samples: Loan and Security Agreement (Serve Robotics Inc. /DE/), Loan and Security Agreement (Moneylion Inc.), Loan and Security Agreement (Fusion Acquisition Corp.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the Prepayment Fee, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Savara Inc), Loan and Security Agreement (Everspin Technologies Inc)

Mandatory Prepayment Upon an Acceleration. If the 2008 Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, (ii) the Prepayment Fee, and (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)

Mandatory Prepayment Upon an Acceleration. If the a Term Loan Advances are Advance is accelerated by Bank in accordance with Section 9.1 following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, (ii) the applicable Prepayment FeePremium, (iii) the Final Payment, and plus (iv) all other sums, if any, that shall have become due and payable with respect to under the Term Loan AdvancesDocuments, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blueprint Medicines Corp), Loan and Security Agreement (Blueprint Medicines Corp)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Term Loan Prepayment Fee, (iii) the Term Loan Final Payment, Payment and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Interpace Biosciences, Inc.), Loan and Security Agreement (Singular Genomics Systems, Inc.)

Mandatory Prepayment Upon an Acceleration. If the 2014 Term Loan Advances are Advance is accelerated by Bank in accordance with Section 9.1 following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, (ii) the applicable Prepayment FeePremium, (iii) the Final Payment, and plus (iv) all other sums, if any, that shall have become due and payable with respect to under the Term Loan AdvancesDocuments, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blueprint Medicines Corp), Loan and Security Agreement (Blueprint Medicines Corp)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are is accelerated by Bank following the occurrence and during the continuance of an Event of DefaultDefault or otherwise, Borrower shall immediately pay to Bank an amount equal to the sum of (ia) all outstanding principal with respect to the Term Loan, plus accrued and unpaid interest with respect to the Term Loan Advancesthereon, (ii) the Prepayment Fee, (iiib) the Final Payment, (c) the Term Loan Termination Fee and (ivd) all other sums, including Bank Expenses, if any, that shall have become due and payable hereunder in connection with respect to the Term Loan AdvancesLoan, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Stemcells Inc), Loan and Security Agreement (Stemcells Inc)

Mandatory Prepayment Upon an Acceleration. If the Existing Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal under the Existing Term Loan Advance, plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, plus (ii) the Existing Term Loan Prepayment FeePremium, plus (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Basis Global Technologies, Inc.), Loan and Security Agreement (Basis Global Technologies, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, plus (ii) the Prepayment Fee, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pandion Therapeutics Holdco LLC), Loan and Security Agreement (Pandion Therapeutics Holdco LLC)

Mandatory Prepayment Upon an Acceleration. If the a Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to such Term Loan Advance (including the Term Loan AdvancesPIK Amount), (ii) the Prepayment FeeFinal Payment, (iii) the Final PaymentPrepayment Premium, and if applicable, plus (iv) all other sums, if any, that shall have become due and payable with respect to such Term Loan Advance (including the Term Loan AdvancesPIK Amount), including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Subordinated Loan and Security Agreement (Roku, Inc), Subordinated Loan and Security Agreement (Roku, Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of DefaultDefault or otherwise, Borrower shall immediately pay to Bank an amount equal to the sum of (iA) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances through the date the prepayment is made, plus (B) all unpaid principal with respect to the Term Loan Advances, plus (ii) the Prepayment Fee, (iiiC) the Final Payment, and plus (ivD) all other sums, including Bank Expenses, if any, that shall have become due and payable hereunder in connection with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Apigee Corp), Loan and Security Agreement (Apigee Corp)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Term Loan Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Avidity Biosciences, Inc.), Loan and Security Agreement (Avidity Biosciences, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, (ii) the applicable Prepayment FeePremium (if any), plus (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Mezzanine Loan and Security Agreement (Ooma Inc), Mezzanine Loan and Security Agreement (Ooma Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank in accordance with Section 9.1 following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to on the Term Loan Advances, (ii) the Term Loan Prepayment Fee, (iii) the Final PaymentPremium for each Term Loan Advance, and (iviii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advanceshereunder, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (T2 Biosystems, Inc.), Loan and Security Agreement (T2 Biosystems, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, plus (ii) the Prepayment Fee, (iii) the Final Payment, (iv) the Unused Term Loan Commitment Fee, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mersana Therapeutics, Inc.), Loan and Security Agreement (Mersana Therapeutics, Inc.)

Mandatory Prepayment Upon an Acceleration. If the a Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, (ii) the Prepayment FeeFinal Payment, (iii) the Final PaymentPrepayment Premium, and (iv) the 2018 Prepayment Premium, plus (v) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Cti Biopharma Corp)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank pursuant to Section 9.1 following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Term Loan Prepayment Fee, (iii) the Term Loan Final Payment, Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Phreesia, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the Prepayment Fee, Fee and (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Datawatch Corp)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, and (iviii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts, if applicable.

Appears in 1 contract

Samples: Loan and Security Agreement (Oaktree Acquisition Corp.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, Loan; (ii) the Prepayment Fee, Final Payment; (iii) the Final PaymentPrepayment Premium, if applicable, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesLoan, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (ViewRay, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Subordinated Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Subordinated Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, and (iviii) all other sums, if any, that shall have become due and payable with respect to the Subordinated Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Subordinated Loan and Security Agreement (Appian Corp)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, (ii) the Prepayment Fee, (iii) the Final PaymentMake-Whole Premium, and (iviii) all other sums, including Bank Expenses, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Splunk Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, (iv) the Unused Term Loan Commitment Fee, and (ivv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Achieve Life Sciences, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are 2022 is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, 2022; (ii) the Prepayment Fee, Final Payment; (iii) the Final PaymentPrepayment Premium, if applicable, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances2022, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (ViewRay, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the applicable Prepayment Fee, if any (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (SI-BONE, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to under the Term Loan Advances, (ii) the Prepayment FeePremium, (iii) the Final Paymentif any, and (iviii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Yodle Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment FeePremium, (iii) the Final Paymentif applicable, and (iviii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Beamr Imaging Ltd.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment FeeFinal Payment, (iii) the Final PaymentPrepayment Fee, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.” WEST\295100711.3

Appears in 1 contract

Samples: Loan and Security Agreement (Fluidigm Corp)

Mandatory Prepayment Upon an Acceleration. If the a Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance continuation of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment FeeFinal Payment with respect to the Term Loan Advances, plus (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Xenon Pharmaceuticals Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank in accordance with the terms hereof following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal thereof plus accrued and unpaid interest with respect to the Term Loan Advancesthereon, (ii) the Prepayment FeeFinal Payment, (iii) the Final PaymentPrepayment Premium in effect on the date such prepayment is required to be made, and plus (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Genocea Biosciences, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower Co-Borrowers shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, Payment and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Verona Pharma PLC)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the Prepayment FeeFinal Payment, (iii) the Final PaymentPrepayment Fee, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

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

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, Payment and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Interest Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Castle Biosciences Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (iA) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances through the date the prepayment is made, plus (B) all outstanding principal with respect to the Term Loan Advances, plus (ii) the Prepayment Fee, (iiiC) the Final Payment, and plus (ivD) all other sums, if any, that shall have become due and payable hereunder in connection with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Alpine Immune Sciences, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Existing Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Existing Term Loan Advances, (ii) the Prepayment Fee, Fee and (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Existing Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Acell Inc)

AutoNDA by SimpleDocs

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the Term Loan Prepayment Fee, Premium and (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (GigPeak, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, Payment and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Owlet, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are 2020 is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, 2020; (ii) the Prepayment Fee, Final Payment; (iii) the Final PaymentPrepayment Premium, if applicable, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances2020, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (ViewRay, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesLoan, (ii) the Term Loan Prepayment Fee, (iii) the Final Payment, Payment and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesLoan, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Sientra, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of DefaultDefault or otherwise, Borrower shall immediately pay to Bank an amount equal to the sum of (iA) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances through the date the prepayment is made, plus (B) all outstanding principal with respect to the Term Loan Advances, plus (iiC) the Prepayment FeeMake-Whole Premium, plus (iiiD) the Final Payment, and plus (ivE) all other sums, if any, that shall have become due and payable hereunder in connection with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Sophiris Bio Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, Fee and (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (BigCommerce Holdings, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the Prepayment FeePremium, (iii) the Final Paymentif any, and (iviii) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan Modification Agreement (Appian Corp)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, (iv) the Unused Term A Loan Commitment Fee (if applicable), and (ivv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

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

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the applicable Prepayment Fee, if any, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (SI-BONE, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the Prepayment Fee, (iii) the Final Payment, Payment and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (iRhythm Technologies, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, plus (ii) the Prepayment FeeFee (if any), (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (DiCE MOLECULES HOLDINGS, LLC)

Mandatory Prepayment Upon an Acceleration. If the Term B Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term B Loan Advances, (ii) the Prepayment FeePremium with respect to the Term B Loan Advances, (iii) the Term B Final Payment, and plus (iv) all other sums, if any, that shall have become due and payable in connection with respect to the Term B Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Achaogen Inc)

Mandatory Prepayment Upon an Acceleration. If the a Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, (ii) the Prepayment FeeFinal Payment, (iii) the Final PaymentPrepayment Premium, and plus (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Selecta Biosciences Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the each Term Loan AdvancesAdvance through the date the prepayment is made, plus (ii) the Prepayment Feeall unpaid principal with respect to each Term Loan Advance, plus (iii) the Final PaymentMake-Whole Premium, and plus (iv) all other sums, including Bank Expenses, if any, that shall have become due and payable with respect to the Term Loan Advancespayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Ariosa Diagnostics, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank Lender following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank Lender an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Paymentintentionally omitted, and (iviii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (BigCommerce Holdings, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Existing Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Existing Term Loan Advances, and (ii) the Prepayment Fee, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Existing Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Procore Technologies, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Term Loan Prepayment FeePremium, (iii) the Term Loan Final Payment, Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Vericel Corp)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the applicable Prepayment Fee, if any, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts. 1.1.

Appears in 1 contract

Samples: Loan and Security Agreement (SI-BONE, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the Prepayment Fee, Backend Fee and (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including any Prepayment Fee then due and any interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (New Age Beverages Corp)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final PaymentAdvance, and (ivii) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including any Prepayment Fee then due and any interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (New Age Beverages Corp)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank pursuant to Section 9.1 following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, (ii) the Prepayment FeePremium, (iii) the Final Payment, and plus (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advanceshereunder, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Ocata Therapeutics, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank hereunder following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advancesinterest, (ii) the Prepayment FeePremium, (iii) the Final Payment, and plus (iv) all other sums, if any, that shall have become due and payable with respect to under the Term Loan AdvancesDocuments, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (AVROBIO, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, Final Payment and (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Icad Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Bank following the occurrence and during the continuance continuation of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the Prepayment FeeFinal Payment with respect to the Term Loan Advance, plus (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Xenon Pharmaceuticals Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, plus (ii) the Prepayment FeePremium, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Homology Medicines, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.