Common use of Mandatory Prepayment Upon an Acceleration Clause in Contracts

Mandatory Prepayment Upon an Acceleration. If the Term Loan A is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan A, and (ii) all other sums, if any, that shall have become due and payable with respect to the Term Loan A, including interest at the Default Rate with respect to any past due amounts.

Appears in 3 contracts

Sources: Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan A B is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan AB, and (ii) all other sums, if any, that shall have become due and payable with respect to the Term Loan AB, including the Final Payment and any interest at the Default Rate with respect to any past due amounts.

Appears in 3 contracts

Sources: Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan A is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan ALoan, and (ii) all other sums, if any, that shall have become due and payable with respect to the Term Loan ALoan, including interest at the Default Rate with respect to any past due amounts.

Appears in 3 contracts

Sources: Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan A is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan ALoan, (ii) the Final Payment, (iii) the Prepayment Fee, and (iiiv) all other sums, if any, that shall have become due and payable with respect to the Term Loan ALoan, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Miragen Therapeutics, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan A is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal principal, plus accrued and unpaid interest with respect to thereon, (ii) the Term Loan A, Final Payment and (iiiii) all other sums, if any, that shall have become due and payable hereunder in connection with respect to the Term Loan A, including interest at the Default Rate with respect to any past due amountsLoan.

Appears in 2 contracts

Sources: Loan and Security Agreement (Airgain Inc), Loan and Security Agreement (Airgain Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan A is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan, (ii) the Term Loan APrepayment Fee, (iii) the Final Payment Fee and (iiiv) all other sums, if any, that shall have become due and payable hereunder in connection with respect to the Term Loan A, including interest at the Default Rate with respect to any past due amountsLoan.

Appears in 1 contract

Sources: Loan and Security Agreement (Solta Medical Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan A is Loans are accelerated by Bank following the occurrence and during the continuance of an Event of DefaultDefault or otherwise, Borrower Borrowers shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan ALoans, and plus accrued but unpaid interest, (ii) all other sums, including Bank Expenses, if any, that shall have become due and payable with respect to the Term Loan Ahereunder, including interest at the Default Rate and any late fee due with respect to any past due amounts.

Appears in 1 contract

Sources: Loan and Security Modification Agreement (Northern Star Acquisition Corp.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan A is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal principal, plus accrued and unpaid interest with respect to the Term Loan Athereon, and (ii) the Final Payment and (iii) all other sums, if any, sums that shall have become due and payable hereunder in connection with respect to the Term Loan A, including interest at the Default Rate with respect to any past due amountsLoan.

Appears in 1 contract

Sources: Loan and Security Agreement (Axesstel Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan A is accelerated by Bank following the occurrence and during the continuance of an Event of DefaultDefault or otherwise, Borrower shall immediately pay to Bank an amount equal to the sum of of: (i) all outstanding principal plus accrued and unpaid interest with respect to under the Term Loan ALoan, (ii) the Prepayment Premium, (iii) the 5741777v2 Final Payment and (iiiv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Apayable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Agenus Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan A is accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus and accrued and unpaid interest with respect to the Term Loan ALoan, (ii) the Prepayment Premium and (iiiii) all other sums, if any, that shall have become due and payable with respect to the Term Loan ALoan, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Alimera Sciences Inc)