Common use of Mandatory Prepayment Upon an Acceleration Clause in Contracts

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated following the occurrence 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, (ii) the Prepayment Premium, (iii) the Final Payment, plus (iv) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 3 contracts

Sources: Loan and Security Agreement (Treace Medical Concepts, Inc.), Loan and Security Agreement (Treace Medical Concepts, Inc.), Loan and Security Agreement (Sunshine Heart, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated following after the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of: of (iA) all outstanding principal of the Term Advances, plus accrued and but unpaid interest, interest (ii) including interest at the Prepayment Premium, (iii) the Final Paymentdefault rate), plus (ivB) all other fees, and other sums, including Bank Expenses, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amountspayable hereunder.

Appears in 3 contracts

Sources: Loan and Security Agreement (Audioeye Inc), Loan and Security Agreement (Zedge, Inc.), Loan and Security Modification Agreement (EverQuote, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are Advance is accelerated following after the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of: of (iA) all outstanding principal of the Term Advance, plus accrued and but unpaid interest, interest (ii) including interest at the Prepayment Premium, (iii) the Final Paymentdefault rate), plus (ivB) all other fees, and other sums, including Bank Expenses, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amountspayable hereunder.

Appears in 2 contracts

Sources: Loan and Security Agreement (Streamline Health Solutions Inc.), Loan and Security Agreement (Streamline Health Solutions Inc.)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated 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, (ii) the applicable Prepayment Premium, Premium (iii) the Final Paymentif any), plus (iviii) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Sources: Mezzanine Loan and Security Agreement (Ooma Inc), Mezzanine Loan and Security Agreement (Ooma Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated following the occurrence 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, plus (ii) the Prepayment PremiumFee, (iii) the Final Payment, plus and (iv) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 2 contracts

Sources: Loan and Security Agreement (Pandion Therapeutics Holdco LLC), Loan and Security Agreement (Pandion Therapeutics Holdco LLC)

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

Appears in 1 contract

Sources: Term Loan and Security Agreement (Intarcia Therapeutics, Inc)

Mandatory Prepayment Upon an Acceleration. If the Term Loan Advances are accelerated following the occurrence 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, plus (ii) the Prepayment Premium, (iii) the Final Payment, plus (iv) all other sums, if any, sums that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Appears in 1 contract

Sources: Loan and Security Agreement (NxStage Medical, Inc.)