Prepayments upon Acceleration. Immediately upon any acceleration of any Loans pursuant to Section 11.2 or Section 11.3, the Borrowers shall repay all the Loans and Cash Collateralize all Letter of Credit Outstandings, unless any such acceleration is rescinded. Such amounts shall be applied in accordance with Section 11.4.
Appears in 3 contracts
Samples: Credit Agreement, Credit Agreement (Parametric Sound Corp), Credit Agreement (Parametric Sound Corp)
Prepayments upon Acceleration. Immediately upon any acceleration of any Loans pursuant to Section 11.2 or Section 11.3, the Borrowers Borrower shall repay all the Loans, unless, pursuant to Section 11.3, only a portion of all the Loans and Cash Collateralize all Letter of Credit Outstandings, unless any such acceleration is rescindedso accelerated (in which case the portion so accelerated shall be so repaid). Such amounts shall be applied in accordance with Section 11.4.
Appears in 2 contracts
Samples: Credit Agreement (LEAF Equipment Leasing Income Fund III, L.P.), Credit Agreement (Resource America Inc)
Prepayments upon Acceleration. Immediately upon any acceleration of any Loans pursuant to Section 11.2 or Section 11.3, the Borrowers shall repay all the Loans, unless, pursuant to Section 11.3, only a portion of all the Loans and Cash Collateralize all Letter of Credit Outstandings, unless any such acceleration is rescindedso accelerated (in which case the portion so accelerated shall be so repaid). Such amounts shall be applied in accordance with Section 11.4.
Appears in 1 contract
Prepayments upon Acceleration. Immediately upon any acceleration of any Loans pursuant to Section 11.2 or Section 11.3, the Borrowers Borrower shall repay all the Loans and Cash Collateralize all Letter of Credit Outstandings, unless any such acceleration is rescinded. Such amounts shall be applied in accordance with Section 11.4.
Appears in 1 contract
