Common use of Prepayment Upon an Event of Loss Clause in Contracts

Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is required to or elects to prepay the Equipment Advance with respect to such Financed Equipment pursuant to Section 6.8, then such Equipment Advance shall be prepaid to the extent and in the manner provided in such section.

Appears in 7 contracts

Samples: Loan and Security Agreement (Critical Therapeutics Inc), Loan and Security Agreement (Viacell Inc), Loan and Security Agreement (Array Biopharma Inc)

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Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is required to or elects to prepay the Equipment Advance with respect to such Financed Equipment pursuant to Section 6.86.6, then such Equipment Advance shall be prepaid to the extent and in the manner provided in such section.

Appears in 4 contracts

Samples: Loan and Security Agreement (Saba Software Inc), Loan and Security Agreement (Webridge Inc), Loan and Security Agreement (Cosine Communications Inc)

Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is required to or elects to prepay the Equipment Advance with respect to such Financed Equipment pursuant to Section 6.86.7, then such Equipment Advance shall be prepaid to the extent and in the manner provided in such section.

Appears in 4 contracts

Samples: Loan and Security Agreement (Jamdat Mobile Inc), Loan and Security Agreement (Salmedix Inc), Loan and Security Agreement (Egroups Inc)

Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is required to or elects to prepay the Equipment Advance with respect to such Financed Equipment pursuant to Section 6.8, 6.7 then such Equipment Advance shall be prepaid to the extent and in the manner provided in such section.

Appears in 3 contracts

Samples: Loan and Security Agreement (Learningstar Inc), Loan and Security Agreement (Smarterkids Com Inc), Loan and Security Agreement (Smarterkids Com Inc)

Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is required to or elects to prepay the Equipment Advance or Equipment Facility 2 Advance with respect to such Financed Equipment pursuant to Section 6.86.6, then such Equipment Advance or Equipment Facility 2 Advance, as applicable, shall be prepaid to the extent and in the manner provided in such section.

Appears in 2 contracts

Samples: Loan and Security Agreement (Saba Software Inc), Loan Modification Agreement (Saba Software Inc)

Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is required to or elects to prepay the Equipment Facility Advance with respect to such Financed Equipment pursuant to Section 6.86.7(b), then such Equipment Facility Advance shall be prepaid to the extent and in the manner provided in such section.

Appears in 2 contracts

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

Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is required to or elects to prepay the Equipment Advance with respect to such Financed Equipment pursuant to Section 6.86.9, then such Equipment Advance shall be prepaid to the extent and in the manner provided in such section.

Appears in 2 contracts

Samples: Loan and Security Agreement (Speechworks International Inc), Loan and Security Agreement (Omm Inc)

Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is Borrowers are required to or elects elect to prepay the Equipment Advance with respect to such Financed Equipment pursuant to Section 6.86.9, then such Equipment Advance shall be prepaid to the extent and in the manner provided in such section.

Appears in 2 contracts

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

Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is required to to, or elects to to, prepay the Equipment Advance with respect to such Financed Equipment pursuant to Section 6.86.6, then such Equipment Advance shall be prepaid to the extent and in the manner provided in such section.

Appears in 1 contract

Samples: Loan and Security Agreement (Opus360 Corp)

Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is required to or elects to prepay the Equipment Advance #2 with respect to such Financed Equipment pursuant to Section 6.8, 6.9 then such Equipment Advance #2 shall be prepaid to the extent and in the manner provided in such section.

Appears in 1 contract

Samples: Loan Modification Agreement (Anda Networks Inc)

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Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is required to or elects to prepay the Equipment Advance, Equipment Facility 2 Advance, or Equipment Facility 3 Advance with respect to such Financed Equipment pursuant to Section 6.86.6, then such Equipment Advance Advance, Equipment Facility 2 Advance, or Equipment Facility 3 Advance, as applicable, shall be prepaid to the extent and in the manner provided in such section.

Appears in 1 contract

Samples: Loan and Security Agreement (Saba Software Inc)

Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss as defined in Section 6.9 and Borrower is required to or elects to prepay the Equipment Advance with respect to such Financed Equipment pursuant to Section 6.86.9, then such Equipment Advance shall be prepaid to the extent and in the manner provided in such section.

Appears in 1 contract

Samples: Loan and Security Agreement (Homestead Com Inc)

Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is Borrowers are required to or elects elect to prepay the Equipment Advance with respect to such Financed Equipment pursuant to Section 6.86.7, then such Equipment Advance shall be prepaid to the extent and in the manner provided in such section.

Appears in 1 contract

Samples: Loan and Security Agreement (Manugistics Group Inc)

Prepayment Upon an Event of Loss. If if any Financed Equipment is subject to an Event of Loss and Borrower is required to or elects to prepay the Equipment Advance with respect to such Financed Equipment pursuant to Section 6.86 .7, then such Equipment Advance shall be prepaid to the extent and in the manner provided in such section.

Appears in 1 contract

Samples: Loan and Security Agreement (Synchronoss Technologies Inc)

Prepayment Upon an Event of Loss. If any Financed Equipment is subject to an Event of Loss and Borrower is required to or elects elect to prepay the Equipment Advance with respect to such Financed Equipment pursuant to Section 6.8, then such Equipment Advance shall be prepaid to the extent and in the manner provided in such section.

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiomems Inc)

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