Common use of Mandatory Prepayment Upon an Acceleration Clause in Contracts

Mandatory Prepayment Upon an Acceleration. If the Loans are 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.

Appears in 8 contracts

Samples: Venture Loan and Security Agreement (Singulex Inc), Venture Loan and Security Agreement (Cereplast Inc), Venture Loan and Security Agreement (Entropic Communications Inc)

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Mandatory Prepayment Upon an Acceleration. If the Loans are 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 Lenders the amount set forth in Section 2.3(b) below, as if the Borrower had opted to prepay on the date of such acceleration.

Appears in 8 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (eASIC Corp), Venture Loan and Security Agreement (eASIC Corp)

Mandatory Prepayment Upon an Acceleration. If the Loans are 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.

Appears in 8 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Tengion Inc), Venture Loan and Security Agreement (Tengion Inc)

Mandatory Prepayment Upon an Acceleration. If the Loans are a 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.

Appears in 6 contracts

Samples: Security Agreement, Security Agreement (Enphase Energy, Inc.), Security Agreement (Enphase Energy, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Loans are 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.

Appears in 4 contracts

Samples: Venture Loan and Security Agreement (IMV Inc.), Venture Loan and Security Agreement (CVRx, Inc.), Venture Loan and Security Agreement (Celsion CORP)

Mandatory Prepayment Upon an Acceleration. If the Loans are 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 Lenders the amount set forth in Section 2.3(b) below, as if the Borrower had opted to prepay on the date of such acceleration.

Appears in 4 contracts

Samples: Venture Loan and Security Agreement (Titan Pharmaceuticals Inc), Venture Loan and Security Agreement (Palatin Technologies Inc), Venture Loan and Security Agreement (Argos Therapeutics Inc)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default pursuant to Section 9.1(a) hereof, then BorrowerCo-Borrowers, 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 Co-Borrowers had opted to prepay on the date of such acceleration.

Appears in 4 contracts

Samples: Venture Loan and Security Agreement (Castle Creek Biosciences, Inc.), Venture Loan and Security Agreement (Catasys, Inc.), Venture Loan and Security Agreement (Catasys, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Loans are a 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.

Appears in 3 contracts

Samples: Venture Loan and Security Agreement (Enphase Energy, Inc.), Venture Loan and Security Agreement (Enphase Energy, Inc.), Venture Loan and Security Agreement (Enphase Energy, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Loans are any 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.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Xtera Communications, Inc.), Venture Loan and Security Agreement (Convio, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default pursuant to Section 9.1(a) hereof, then BorrowerCo-Borrowers, in addition to any other amounts which may be due and owing hereunder, shall immediately pay to Lender Lenders the amount set forth in Section 2.3(b) below, as if the Borrower Co-Borrowers had opted to prepay on the date of such acceleration.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cerecor Inc.), Venture Loan and Security Agreement (vTv Therapeutics Inc.)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default pursuant to Section 9.1(a) hereofhereof that has not been waived by Lenders, then Borrower, in addition to any other amounts which may be due and owing hereunder, shall immediately pay to Lender Lenders the amount set forth in Section 2.3(b) below, as if the Borrower had opted to prepay on the date of such acceleration.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp), Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp)

Mandatory Prepayment Upon an Acceleration. If the Loans are 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 hereunderhereunder with respect to the Loans, shall immediately pay to Lender the Lenders the amount set forth in Section 2.3(b) below, as if the Borrower had opted to prepay on the date of such acceleration.

Appears in 2 contracts

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

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Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default pursuant to Section 9.1(a) hereof, then BorrowerCo-Borrowers, in addition to any other amounts which may be due and owing hereunder, shall immediately pay to Lender Lenders the amount set forth in Section 2.3(b) below), as if the Borrower Co-Borrowers had opted to prepay on the date of such acceleration.

Appears in 2 contracts

Samples: Loan Agreement (Environmental Impact Acquisition Corp), Venture Loan and Security Agreement (Stealth BioTherapeutics Corp)

Mandatory Prepayment Upon an Acceleration. If the Loans are 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.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Interleukin Genetics Inc)

Mandatory Prepayment Upon an Acceleration. If the Loans are Loan is accelerated following the occurrence of an Event of Default pursuant to Section 9.1(a) hereof, then Borrowerthe Co-Borrowers, in addition to any other amounts which may be due and owing hereunder, shall immediately pay to Lender Lenders the amount set forth in Section 2.3(b2.3(b)(ii) below, as if the Borrower Co-Borrowers had opted to prepay on the date of such acceleration.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Satcon Technology Corp)

Mandatory Prepayment Upon an Acceleration. If the Loans are 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.. ****** β€” Material has been omitted and filed separately with the Commission

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Pharmasset Inc)

Mandatory Prepayment Upon an Acceleration. If the Loans are Loan is accelerated following the occurrence of an Event of Default pursuant to Section 9.1(a) ). hereof, then BorrowerBorrowers, 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 Borrowers had opted to prepay on the date of such acceleration.

Appears in 1 contract

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

Mandatory Prepayment Upon an Acceleration. If the Term Loans are accelerated following the occurrence of an Event of Default by Lender pursuant to Section 9.1(a) hereoffollowing the occurrence and during the continuance of an Event of Default, then Borrower, in addition to any other amounts which may be due and owing hereunder, Borrower shall immediately pay to Lender an amount equal to the amount set forth in Section 2.3(b) below, as if the Borrower had opted to prepay on the date of such accelerationFinal Payment.

Appears in 1 contract

Samples: Loan and Security Agreement (Lucid Inc)

Mandatory Prepayment Upon an Acceleration. If the Loans are 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 Lenders the amount set forth in Section 2.3(b) below, as if the Borrower had opted to prepay the Loans on the date of such acceleration.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Sunesis Pharmaceuticals Inc)

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