Common use of Mandatory Prepayment Upon an Acceleration Clause in Contracts

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated following the occurrence 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, 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 2 contracts

Samples: Loan and Security Agreement (Pandion Therapeutics Holdco LLC), Loan and Security Agreement (Pandion Therapeutics Holdco LLC)

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Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated 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, plus (ii) the applicable Prepayment FeePremium (if any), plus (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 2 contracts

Samples: Mezzanine Loan and Security Agreement (Ooma Inc), Mezzanine Loan and Security Agreement (Ooma Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated following after the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of: of (iA) all outstanding principal of the Term Advance, plus accrued and but unpaid interestinterest (including interest at the default rate), plus (ii) the Prepayment Fee, (iii) the Final Payment, and (ivB) all other fees, and 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 amountspayable hereunder.

Appears in 2 contracts

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

Mandatory Prepayment Upon an Acceleration. If the 2008 Term Loan Advances are accelerated following the occurrence 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, plus (ii) the Prepayment Fee, and (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 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 Advances are accelerated following after the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of: of (iA) all outstanding principal of the Term Advances, plus accrued and but unpaid interestinterest (including interest at the default rate), plus (ii) the Prepayment Fee, (iii) the Final Payment, and (ivB) all other fees, and 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 amountspayable 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 Advances are accelerated following the occurrence 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, plus (ii) the Prepayment Fee, (iii) the Final Payment, and (iv) 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 Term Loan Advances are accelerated following the occurrence 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, plus (ii) the applicable Prepayment FeePremium, (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 (Satsuma Pharmaceuticals, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance #2 is accelerated 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, plus (ii) the Term Advance #2 Prepayment Fee, (iii) the Final PaymentPremium, and (iviii) 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 (Everyday Health, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated following the occurrence 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, plus (ii) the Prepayment FeeFinal Payment, (iii) the Final PaymentPrepayment Premium, and plus (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 (XOMA Corp)

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Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated following the occurrence 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, plus (ii) the Prepayment Fee, (iii) the Final PaymentMake-Whole Premium, and (iviii) 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 (Splunk Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated following the occurrence 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, plus (ii) the Prepayment FeePremium, as applicable, (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 (KORU Medical Systems, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated following the occurrence of an Event of Default, Borrower shall immediately pay to Bank Lenders an amount equal to the sum of: (i) all outstanding principal plus accrued and unpaid interest, (ii) the Final Payment plus (iiiii) the Prepayment Fee, (iii) the Final Payment, and plus (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: Term Loan and Security Agreement (Intarcia Therapeutics, Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated 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, plus (ii) the Prepayment Fee, (iii) the Final PaymentPremium, and (iviii) 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 (Everyday Health, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated following after the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of: of (iA) all outstanding principal with respect to the Term Loan Advances, plus accrued and but unpaid interestinterest (including interest at the default rate), plus (ii) the Prepayment Fee, (iii) the Final Payment, and (ivB) all other fees, and 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 amountspayable hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (iSpecimen Inc.)

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