Repayment Upon Acceleration Clause Samples
The "Repayment Upon Acceleration" clause defines the borrower's obligation to immediately repay the outstanding loan balance if certain triggering events, such as default or breach of contract, occur. In practice, this means that if the lender accelerates the loan, the entire unpaid principal, along with any accrued interest and applicable fees, becomes due at once rather than following the original payment schedule. This clause serves to protect the lender by allowing them to demand full repayment in response to significant risks or violations, thereby mitigating potential losses.
Repayment Upon Acceleration. The Borrower shall, immediately upon any acceleration of the Stated Maturity Date of any Loans pursuant to Section 8.2 or 8.3, repay all Loans.
Repayment Upon Acceleration. Optional Redemption: Redemption: Sinking Fund: Defeasance: Limitation on or additional events of default: Limitation on or additional covenants: Restrictions on transfer: Conversion: Subordination provisions: Denominations: Other terms:
Repayment Upon Acceleration. Any payment of the Term Loans after the occurrence and during the continuation of an Event of Default or upon or after an BUSINESS.31509358.18 acceleration of the Obligations for any reason, including, without limitation, acceleration as a result of the commencement of an insolvency proceeding (under the Bankruptcy Code or otherwise) shall be accompanied by payment by the Borrowers, jointly and severally, of the Prepayment Fee (subject to the Call Free Amount).