Common use of Repayment on Event of Default Clause in Contracts

Repayment on Event of Default. When an Event of Default has occurred and is continuing, Borrower will, if Bank demands (or, upon the occurrence and continuance of an Event of Default under Section 8.5, immediately without notice or demand from Bank) repay all of the Advances. The demand may, at Bank's option, include the Advance for each Financed Receivable then outstanding and all accrued Finance Charges, the Early Termination Fee, Collateral Handling Fee, the Facility Fee, reasonable attorneys' and professional fees, court costs and expenses, and any other Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (NMS Communications Corp)

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Repayment on Event of Default. When there is an Event of Default has occurred and is continuingDefault, Borrower will, if Bank demands (or, upon the occurrence and continuance of an Event of Default under Section 8.58.5 of this Agreement, immediately without notice or demand from Bank) repay all of the AdvancesObligations. The demand may, at Bank's ’s option, include the Advance for each Financed Receivable then outstanding and all accrued Finance Charges, interest, the Early Termination Fee, the Non-Formula Termination Fee, Collateral Handling Fee, the Facility Fee, reasonable attorneys' and professional fees, court costs and expenses, Bank Expenses and any other Obligations.

Appears in 1 contract

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

Repayment on Event of Default. When an Event of Default has occurred and is continuing, Borrower will, if Bank demands (or, upon the occurrence and continuance of an Event of Default under Section 8.5, immediately without notice or demand from Bank) repay all of the Advances and Inventory Advances. The demand may, at Bank's ’s option, include the Advance for each Financed Receivable then outstanding, each Inventory Advance then outstanding and all accrued Finance Charges, the Early Termination Fee, Collateral Handling Fee, the Facility Fee, reasonable attorneys' and professional fees, court costs and expenses, and any other Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Active Power Inc)

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Repayment on Event of Default. When If an Event of Default has occurred and is continuing, Borrower Borrowers will, if Bank demands (or, upon the occurrence and continuance of an Event of Default under Section 8.5, immediately without notice or demand from Bank) repay all of the Advances. The demand may, at Bank's ’s option, include the Invoice Advance for each Financed Receivable then outstanding or outstanding Collections Advances, as the case may be, and all accrued Finance Charges, the Early Termination Fee, Collateral Handling FeeFees, the Facility Fee, reasonable attorneys' attorneys and professional fees, court costs and expenses, and any other Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Global Telecom & Technology, Inc.)

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