Common use of Mandatory Prepayment Upon an Acceleration Clause in Contracts

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence and during the continuance of an Event of Default, Borrowers shall immediately pay to Lenders, an amount equal to the sum of:

Appears in 6 contracts

Samples: Conformed Loan and Security Agreement (Metacrine, Inc.), Loan and Security Agreement (Metacrine, Inc.), Loan and Security Agreement (Metacrine, Inc.)

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Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence and during the continuance continuation of an Event of Default, Borrowers shall immediately pay to Lenders, an amount equal to the sum of:

Appears in 4 contracts

Samples: Loan and Security Agreement (Alto Neuroscience, Inc.), Loan and Security Agreement (Alto Neuroscience, Inc.), Loan and Security Agreement (Elevation Oncology, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence and during the continuance of an Event of Default, Borrowers shall immediately pay to Agent, for the ratable benefit of Lenders, an amount equal to the sum of:

Appears in 4 contracts

Samples: Loan and Security Agreement (Allurion Technologies Holdings, Inc.), Loan and Security Agreement (Tracon Pharmaceuticals, Inc.), Loan and Security Agreement (Brilliant Earth Group, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loans are accelerated following the occurrence and during the continuance of an Event of Default, Borrowers shall immediately pay to Lenders, an amount equal to the sum of:

Appears in 3 contracts

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

Mandatory Prepayment Upon an Acceleration. If (x) the Loans are accelerated following the occurrence and during the continuance of an Event of DefaultDefault or (y) there occurs a Change in Control, Borrowers shall immediately pay to Lenders, an amount equal to the sum of:

Appears in 3 contracts

Samples: Loan and Guaranty Agreement (Ault Alliance, Inc.), Loan and Guaranty Agreement (Ault Alliance, Inc.), Loan and Guaranty Agreement (BitNile Holdings, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Loans are Term Loan is accelerated following the occurrence and during the continuance of an Event of Default, Borrowers shall immediately pay to Lenders, Bank an amount equal to the sum of:

Appears in 2 contracts

Samples: Loan and Security Agreement (Minerva Surgical Inc), Loan and Security Agreement (Vapotherm Inc)

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Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence and during the continuance of an Event of Default, Borrowers shall immediately promptly pay to Agent, for the ratable benefit of Lenders, an amount equal to the sum of:

Appears in 1 contract

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

Mandatory Prepayment Upon an Acceleration. If (x) the Loans are Loan is accelerated following the occurrence and during the continuance of an Event of DefaultDefault or (y) there occurs a Change in Control, Borrowers shall immediately pay to Lenders, an amount equal to the sum of:

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Tonix Pharmaceuticals Holding Corp.)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated in accordance with the terms hereof following the occurrence and during the continuance continuation of an Event of Default, Borrowers shall immediately pay to Lenders, an amount equal to the sum of:

Appears in 1 contract

Samples: Loan and Security Agreement (Molecular Templates, Inc.)

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