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 Loan with respect to such Financed Equipment, then such Loan shall be prepaid to the extent and in the manner provided in Section 6.10.

Appears in 7 contracts

Samples: Equipment Loan and Security Agreement (Renovis Inc), Loan and Security Agreement (Depomed Inc), Equipment Loan and Security Agreement (Renovis Inc)

AutoNDA by SimpleDocs

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 Loan with respect to such Financed EquipmentEquipment pursuant to Section 6.9, then such Loan shall be prepaid to the extent and in the manner provided in Section 6.10such section.

Appears in 2 contracts

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

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!