Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final Payment, (iii) the Prepayment Premium and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 2 contracts
Sources: Loan and Security Agreement (Social Capital Suvretta Holdings Corp. I), Loan and Security Agreement (Social Capital Suvretta Holdings Corp. I)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Agent, Agent following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance (including the PIK Amount), and (ii) the Final Payment, (iii) the Prepayment Premium and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan AdvancesAdvance (including the PIK Amount), including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 2 contracts
Sources: Contingent Convertible Debt Agreement (Achieve Life Sciences, Inc.), Contingent Convertible Debt Agreement (Achieve Life Sciences, Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Premium, (iii) the Prepayment Premium Final Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 2 contracts
Sources: Loan and Security Agreement (Alpha Healthcare Acquisition Corp.), Loan and Security Agreement (Alx Oncology Holdings Inc)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, Agent following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their respective Pro Rata Share, Agent an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Fee, (iii) the Prepayment Premium Final Payment, and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Atlas Crest Investment Corp.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Premium, (iii) the Prepayment Premium Final Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance continuation of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Fee, (iii) the Prepayment Premium Final Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Eidos Therapeutics, Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Agent, Agent following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Fee, (iii) the Prepayment Premium Final Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders▇▇▇▇▇▇▇’ Expenses and Expenses, the interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Contingent Convertible Debt Agreement (Achieve Life Sciences, Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, in accordance with each Lender’s Pro Rata Share, (ii) the Final PaymentPrepayment Fee, (iii) the Prepayment Premium applicable Final Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their respective Pro Rata ShareShares, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Premium, (iii) the Prepayment Premium Final Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.”
Appears in 1 contract
Sources: Loan and Security Agreement (Alaunos Therapeutics, Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Premium, (iii) the Prepayment Premium Final Payment, and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Taysha Gene Therapies, Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, Agent following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their respective Pro Rata ShareShares, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final Payment, (iii) the Prepayment Premium Fee, and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Premium, (iii) the Prepayment Premium Final Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advanceshereunder, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Premium, (iii) the Prepayment Premium Final Payment, and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Mezzanine Loan and Security Agreement (Velo3D, Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, Agent following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their respective Pro Rata ShareShares, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Premium, (iii) the Prepayment Premium Final Payment, and (iv) all other sums, if any, that shall have become due and payable hereunder in connection with respect to the Term Loan Advances, including Lenders’ ' Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Mezzanine Loan and Security Agreement (Nebula Caravel Acquisition Corp.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by AgentAgent pursuant to Section 9.1 hereof, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Premium, (iii) the Prepayment Premium Final Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Eloxx Pharmaceuticals, Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AdvancesAdvance, (ii) the Final PaymentPrepayment Premium, (iii) the Prepayment Premium Final Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Fee, (iii) the Prepayment Premium Final Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Dova Pharmaceuticals Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their its respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final Payment, (iii) the Prepayment Premium Premium, and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Mezzanine Loan and Security Agreement (Verrica Pharmaceuticals Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their respective Pro Rata Share, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Final PaymentPrepayment Fee, (iii) the Prepayment Premium Final Payment, and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advances, including Lenders▇▇▇▇▇▇▇’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their respective Pro Rata ShareShares, an amount equal to the sum of (i) all outstanding principal of, plus accrued and unpaid interest with respect to on, the Term Loan Advances, (ii) the Final PaymentPrepayment Premium, (iii) the Prepayment Premium Final Payment, and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (MedAvail Holdings, Inc.)
Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated by Agent, following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Agent, for the account of the Lenders in accordance with their respective Pro Rata ShareShares, an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) WEST\295152977.6 253576801 v8 the Final PaymentPrepayment Premium, (iii) the Prepayment Premium Final Payment and (iv) all other sums, if any, that shall have become due and payable hereunder with respect to the Term Loan Advancespayable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.
Appears in 1 contract
Sources: Loan and Security Agreement (Ziopharm Oncology Inc)