Common use of Mandatory Prepayment Upon an Acceleration Clause in Contracts

Mandatory Prepayment Upon an Acceleration. If the Term Advance is accelerated after the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (A) all outstanding principal of the Term Advance, plus accrued but unpaid interest (including interest at the default rate), plus (B) all other fees, and other sums, including Bank Expenses, if any, that shall have become due and payable hereunder.

Appears in 2 contracts

Samples: Loan and Security Agreement (Streamline Health Solutions Inc.), Loan and Security Agreement (Streamline Health Solutions Inc.)

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Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is accelerated after 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 (Ai) all outstanding principal of plus accrued and unpaid interest with respect to the Term Advance, plus accrued but unpaid interest Loan Advance and (including interest at the default rate), plus (Biii) all other fees, and other sums, including Bank Expenses, if any, that shall have become due and payable hereunderwith respect to the Term Loan Advance, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tufin Software Technologies Ltd.), Loan and Security Agreement (Tufin Software Technologies Ltd.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is accelerated after following the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (Ai) all outstanding principal of the Term Advance, plus accrued but and unpaid interest (including interest at the default rate)interest, plus (Bii) the Prepayment Premium, (iii) the Final Payment, and (iv) all other fees, and other sums, including Bank Expenses, if any, that shall have become due and payable hereunderpayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

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

Mandatory Prepayment Upon an Acceleration. If the Term Advance is Advances are accelerated after the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (A) all outstanding principal of the Term AdvanceAdvances, plus accrued but unpaid interest (including interest at the default rate), plus (B) all other fees, and other sums, including Bank Expenses, if any, that shall have become due and payable hereunder.

Appears in 2 contracts

Samples: Loan and Security Agreement (Zedge, Inc.), Loan and Security Modification Agreement (EverQuote, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is accelerated after following the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (Ai) all outstanding principal of the Term Advance, plus accrued but and unpaid interest interest, (including interest at ii) the default rate)Prepayment Premium, (iii) the Final Payment, plus (Biv) all other fees, and other sums, including Bank Expenses, if any, that shall have become due and payable hereunderpayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Cancer Genetics, Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is accelerated after 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: (Ai) all outstanding principal of the Term Advance, plus accrued but and unpaid interest interest, (including interest at ii) the default rate)Prepayment Premium, plus and (Biii) all other fees, and other sums, including Bank Expenses, if any, that shall have become due and payable hereunderpayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

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

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Mandatory Prepayment Upon an Acceleration. If the Term Advance is accelerated after 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 (Ai) all outstanding principal of the Term Advance, plus accrued but and unpaid interest interest, (including interest at ii) the default rate)Prepayment Premium, plus and (Biii) all other fees, and other sums, including Bank Expenses, if any, that shall have become due and payable hereunderpayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

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

Mandatory Prepayment Upon an Acceleration. If the Term Advance #2 is accelerated after 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 (Ai) all outstanding principal of plus accrued and unpaid interest, (ii) the Term AdvanceAdvance #2 Prepayment Premium, plus accrued but unpaid interest and (including interest at the default rate), plus (Biii) all other fees, and other sums, including Bank Expenses, if any, that shall have become due and payable hereunderpayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: First Loan Modification Agreement (Everyday Health, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is accelerated after following the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of of: (Ai) all outstanding principal of the Term Advance, plus accrued but and unpaid interest (including interest at the default rate)interest, plus (Bii) the Prepayment Fee, (iii) the Final Payment, and (iv) all other fees, and other sums, including Bank Expenses, if any, that shall have become due and payable hereunderpayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Collegium Pharmaceutical, Inc)

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