Mandatory Prepayment Upon an Acceleration. If the Term Loan 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 Advance and (ii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advance, including interest at the Default Rate with respect to any past due amounts.
Appears in 2 contracts
Samples: Contingent Convertible Debt Agreement (BigCommerce Holdings, Inc.), Contingent Convertible Debt Agreement (BigCommerce Holdings, Inc.)
Mandatory Prepayment Upon an Acceleration. If the 2008 Term Loan Advance is 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 interest, (ii) the Term Loan Advance Prepayment Fee, and (iiiii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 2 contracts
Samples: Loan and Security Agreement (Tremor Video Inc.), Loan and Security Agreement (Tremor Video Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is 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 interest, plus (ii) the Term Loan Advance Prepayment Premium, as applicable, (iii) Final Payment, and (iiiv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Loan and Security Agreement (KORU Medical Systems, Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is 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 Advance and interest, (ii) the Final Payment, (iii) the Prepayment Premium, plus (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is Advances are accelerated by Bank following the occurrence and during the continuance of an Event of DefaultDefault or otherwise, then Borrower shall will immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus and all accrued and but unpaid interest, including interest accruing at the Default Interest Rate, with respect to the each Term Loan Advance to the date of such prepayment, and (ii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advance, including interest at the Default Rate with respect to any past due amountsthis Agreement.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan 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 Advance and interest, (ii) the Prepayment Fee, if applicable, plus (iii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is Loans are accelerated by Bank following the occurrence and during the continuance continuation of an Event of DefaultDefault pursuant to Section 9.1, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and but unpaid interest with respect to the Term Loan Advance and interest, plus (ii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including Bank Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Loan and Security Agreement (Siebert Financial Corp)
Mandatory Prepayment Upon an Acceleration. If the Term Loan 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 interest, (ii) the Term Loan Advance Prepayment Premium, and (iiiii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, 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.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is 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 Advance Advances, (ii) the Prepayment Premium, if any, and (iiiii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is Advances are accelerated by Bank 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 of the Credit Extensions plus accrued and unpaid interest with respect to the Term Loan Advance and thereon, plus (ii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including Lender Expenses or interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Bridge Loan and Security Agreement (PTC Therapeutics, Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is 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 of: (i) all outstanding principal plus accrued and unpaid interest with respect to under the Term Loan Advance Advances, (ii) the Final Payment, and (iiiii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is 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 interest, (ii) the Term Loan Advance Make-Whole Premium, and (iiiii) all other sums, including Bank Expenses, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan 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 interest, plus (ii) the Term Loan Advance Prepayment Fee, (iii) the Final Payment, and (iiiv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, 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)
Mandatory Prepayment Upon an Acceleration. If the a Term Loan 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 Advance and interest, (ii) the Prepayment Premium, plus (iii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is 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 interest, (ii) the Term Loan Advance applicable Prepayment Premium, (iii) the Final Payment, and (iiiv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Loan and Security Agreement (Satsuma Pharmaceuticals, Inc.)
Mandatory Prepayment Upon an Acceleration. If the a Term Loan 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 13035731v.1
(i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advance and interest,
(ii) the Prepayment Premium, plus (iii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Prior Term Loan Advance 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 of: (i) all outstanding principal under the Prior Term Loan, plus accrued and unpaid interest with respect to the Term Loan Advance and interest, plus (ii) the Prepayment Premium, plus (iii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the a Term Loan 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 Advance and interest, (ii) the Final Payment, (iii) the Prepayment Premium plus (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan 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 on the Term Loan Advance and (ii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan 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 Advance and interest, (ii) the Prepayment Premium, (iii) the Final Payment, plus (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is 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 (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advance Advance, and (ii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advance, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Mezzanine Loan and Security Agreement (Lantronix Inc)
Mandatory Prepayment Upon an Acceleration. If the Term Loan 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 Advance and interest, (ii) the Final Payment, (iii) the Prepayment Premium, plus (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Samples: Loan and Security Agreement (Apellis Pharmaceuticals, Inc.)
Mandatory Prepayment Upon an Acceleration. If the 2014 Term Loan 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 Advance and interest, (ii) the Prepayment Premium, plus (iii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan 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 Advance and plus (ii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advancepayable, including interest at the Default Rate with respect applicable to any past due amountssuch sum.
Appears in 1 contract
Samples: Loan Agreement (Affimed N.V.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advance is Advances are accelerated by Bank following after 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 Advance and Advances, plus accrued but unpaid interest (iiincluding 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 with respect to the Term Loan Advance, including interest at the Default Rate with respect to any past due amountshereunder.
Appears in 1 contract