Common use of Mandatory Prepayment Upon an Acceleration Clause in Contracts

Mandatory Prepayment Upon an Acceleration. If the Equipment Advances are accelerated following the occurrence of an Event of Default or otherwise, Borrower shall immediately pay to Bank an amount equal to the sum of: (i) all outstanding principal plus accrued interest, plus (ii) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 6 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)

AutoNDA by SimpleDocs

Mandatory Prepayment Upon an Acceleration. If the Prior Equipment Advances are accelerated following the occurrence of an Event of Default or otherwise, Borrower shall immediately pay to Bank an amount equal to the sum of: (i) all outstanding principal plus accrued interest, plus (ii) all an other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 4 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)

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

Appears in 4 contracts

Samples: Loan Modification Agreement (A123 Systems, Inc.), Loan Modification Agreement (A123 Systems, Inc.), Loan Modification Agreement (A123 Systems, Inc.)

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

Appears in 4 contracts

Samples: Loan and Security Agreement (LendingClub Corp), Loan Modification Agreement (Infinera Corp), Loan and Security Agreement (LendingClub Corp)

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

Appears in 4 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)

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

Appears in 3 contracts

Samples: Loan and Security Agreement (Critical Therapeutics Inc), Loan Modification Agreement (Critical Therapeutics Inc), Loan and Security Agreement (Alnylam Pharmaceuticals Inc)

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

Appears in 3 contracts

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

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

Appears in 3 contracts

Samples: Loan and Security Agreement (Marketo, Inc.), Loan and Security Agreement (Marketo, Inc.), Loan and Security Agreement (Soundbite Communications Inc)

Mandatory Prepayment Upon an Acceleration. If the Equipment Advances are accelerated following the occurrence of an Event of Default or otherwiseDefault, Borrower shall immediately pay to Bank an amount equal to the sum of: of (i) all outstanding principal plus with respect to the Equipment Advances and accrued interestbut unpaid interest thereon, plus (ii) the Final Payment, plus (iii) all other sumsswims, including Bank Expenses, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Adaptive Insights Inc), Loan and Security Agreement (Adaptive Insights Inc)

Mandatory Prepayment Upon an Acceleration. If the repayment on an Equipment Advances are Advance is accelerated following the occurrence of an Event of Default or otherwiseDefault, Borrower shall immediately pay to Bank an amount equal to the sum of: (i) all outstanding principal plus accrued and unpaid interest, (ii) the Prepayment Premium, plus (iiiii) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

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

Mandatory Prepayment Upon an Acceleration. If the Equipment Advances are accelerated following the occurrence of an Event of Default or otherwiseDefault, Borrower shall immediately pay to Bank an amount equal to the sum of: of (ia) all outstanding principal with respect to the Equipment Advances, plus accrued interestand unpaid interest thereon, plus (iib) the Equipment Advance Prepayment Fee, if any, with respect to each Equipment Advance prepaid, and (c) all other sums, including Bank Expenses, if any, that shall have become due and payable, including interest at payable hereunder in connection with the Default Rate with respect to any past due amountsEquipment Advances.

Appears in 2 contracts

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

Mandatory Prepayment Upon an Acceleration. If the Equipment Advances are accelerated following the occurrence of an Event of Default or otherwiseDefault, Borrower shall immediately pay to Bank an amount equal to the sum of: of (i) all outstanding principal plus accrued and unpaid interest, plus (ii) the Final Payment, and (iii) all other sums, if any, that shall have become due and payable, 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 2009 Equipment Advances are accelerated following the occurrence of an Event of Default or otherwiseDefault, Borrower shall immediately pay to Bank an amount equal to the sum of: of (i) all outstanding principal plus accrued and unpaid interest, plus (ii) the 2009 Final Payment, and (iii) all other sums, if any, that shall have become due and payable, 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 Equipment Advances are accelerated following the occurrence of an Event of Default or otherwise, Borrower shall immediately pay to Bank an amount equal to the sum of: of (i) all outstanding principal plus accrued interest, (ii) the Final Payment plus (iiiii) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Momenta Pharmaceuticals Inc)

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

Appears in 1 contract

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

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

Appears in 1 contract

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

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

Appears in 1 contract

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

Mandatory Prepayment Upon an Acceleration. If the Prior Equipment Advances are accelerated following the occurrence of an Event of Default or otherwise, Borrower shall immediately pay to Bank an amount equal to the sum of: (i) all outstanding principal plus accrued interest, plus (ii) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Marin Software Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (LendingClub Corp)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Proofpoint Inc)

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Loan and Security Agreement (Acclarent Inc)

Mandatory Prepayment Upon an Acceleration. If the Equipment Advances are accelerated in accordance with Section 9 following the occurrence of an Event of Default or otherwiseDefault, Borrower shall immediately pay to Bank an amount equal to the sum of: of (i) all outstanding principal plus accrued and unpaid interest, plus (ii) the Final Payment, and (iii) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts, in each case, with respect to the Equipment Advances.

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Loan and Security Agreement (Complete Genomics Inc)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Loan and Security Agreement (NxStage Medical, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Equipment Advances are accelerated following the occurrence of an Event of Default or otherwise, Borrower shall immediately pay to Bank Lenders an amount equal to the sum of: (i) all outstanding principal plus accrued interest, plus (ii) all other sums, including the Prepayment Fee, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amountsprincipal.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Netezza Corp)

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

Appears in 1 contract

Samples: Loan and Security Agreement (LendingClub Corp)

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

Appears in 1 contract

Samples: Term Loan and Security Agreement (Cavium Networks)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Spire Corp)

Mandatory Prepayment Upon an Acceleration. If the Equipment Advances and/or the Growth Capital Advances are accelerated following the occurrence of an Event of Default or otherwise, Borrower shall immediately pay to Bank Lenders an amount equal to the sum of: (i) all outstanding principal plus accrued interest, (ii) the Prepayment Fee, plus (iiiii) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

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

Mandatory Prepayment Upon an Acceleration. If the 2013 Equipment Advances are accelerated following the occurrence and during the continuance of an Event of Default or otherwiseDefault, Borrower shall immediately pay to Bank an amount equal to the sum of: of (i) all outstanding principal plus accrued and unpaid interest, plus (ii) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

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

Mandatory Prepayment Upon an Acceleration. If the Equipment Advances are accelerated following the occurrence and continuance of an Event of Default or otherwiseDefault, Borrower shall immediately pay to Bank an amount equal to the sum of: ; (i) all outstanding principal plus accrued interest, (ii) the Final Payment plus (iiiii) all other sums, if any, that shall have become due and payable, including interest at the Default Rate from the date of such Event of Default with respect to any past due amounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Nanosys Inc)

Mandatory Prepayment Upon an Acceleration. If the 2005 Equipment Advances are Advance is accelerated following the occurrence of an Event of Default or otherwiseDefault, Borrower shall immediately pay to Bank an amount equal to the sum of: of (i) all outstanding principal plus accrued and unpaid interest, plus (ii) the Prepayment Fee, and (iii) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Second Loan Modification Agreement (Stereotaxis, Inc.)

Mandatory Prepayment Upon an Acceleration. If the 2007 Equipment Advances are accelerated following the occurrence of an Event of Default or otherwiseDefault, Borrower shall immediately pay to Bank an amount equal to the sum of: of (i) all outstanding principal plus accrued and unpaid interest, plus (ii) the Prepayment Fee, and (iii) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Samples: Loan Modification Agreement (Stereotaxis, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Equipment Advances are accelerated following the occurrence of an Event of Default or otherwiseDefault, then Borrower shall will immediately pay to Bank an amount equal to the sum of: (i) all outstanding unpaid Scheduled Payments (including principal plus and interest) with respect to each Equipment Advance, (ii) all remaining Scheduled Payments (including principal and interest), (iii) all unpaid accrued interest, plus including the default rate of interest, to the date of the prepayment, and (iiiv) all other sums, if any, that shall have become due and payable, including interest at the Default Rate payable with respect to any past due amountsEquipment Advance.

Appears in 1 contract

Samples: Loan and Security Agreement (Infonow Corp /)

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

Appears in 1 contract

Samples: Loan and Security Agreement (6d Bytes Inc.)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Marin Software Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Spire Corp)

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