Common use of Mandatory Prepayment Upon an Acceleration Clause in Contracts

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default or otherwise (other than following an Event of Loss), then Borrower shall immediately pay to Lenders (i) all accrued and unpaid Scheduled Payments with respect to each Loan due prior to the date of prepayment, (ii) any accrued and unpaid interest, (iii) the Stipulated Loan Value with respect to each Loan, and (iv) all other sums, if any, that shall have become due and payable hereunder.

Appears in 2 contracts

Samples: Equipment Loan and Security Agreement (Renovis Inc), Equipment Loan and Security Agreement (Renovis Inc)

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Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default or otherwise (other than following an Event of Loss), then Borrower shall immediately pay to Lenders Lender (i) all accrued and unpaid Scheduled Payments with respect to each Loan due prior to the date of prepayment, (ii) any accrued and unpaid interest, (iii) the Stipulated Loan Loss Value with respect to each Loan, and (iviii) all other sums, if any, that shall have become due and payable hereunderhereunder with respect to any Loan.

Appears in 2 contracts

Samples: Loan and Security Agreement (Array Biopharma Inc), Loan and Security Agreement (Array Biopharma Inc)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default or otherwise (other than following an Event of Loss), then Borrower shall immediately pay to Lenders Lender (i) all accrued unpaid and unpaid remaining Interim Payments and/or Scheduled Payments with respect to each Loan the Loans outstanding and due prior to the date of prepaymenthereunder, (ii) any accrued and unpaid interest, (iii) the Stipulated Loan Value with respect to each LoanFinal Payment, and (iviii) all other sums, if any, that shall have become due and payable hereunderhereunder with respect to any and all Obligations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Maxygen Inc), Loan and Security Agreement (Codexis Inc)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default or otherwise (other than following an Event of Loss), then Borrower shall immediately pay to Lenders Lender (i) all accrued and unpaid Scheduled Payments with respect to each Loan due prior to the date of prepayment, (ii) any accrued and unpaid interest, (iii) the Stipulated Loan Value with respect to of each Loan, and (iv) all other sums, if any, that shall have become due and payable hereunder.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Anadys Pharmaceuticals Inc)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default or otherwise (other than following an Event of Loss)otherwise, then Borrower shall immediately pay to Lenders Lender (i) all accrued and unpaid Scheduled Payments with respect to each Loan the Loans due prior to the date of prepayment, (ii) any accrued and unpaid interest, (iii) the Stipulated Loan Value with respect to outstanding principal amount of each Loan, and (iviii) all other sums, if any, that shall have become due and payable hereunderhereunder with respect to the Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Portal Software Inc)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default or otherwise (other than following an Event of Loss), then Borrower shall immediately pay to Lenders Lender (i) all accrued and unpaid Scheduled Payments with respect to each Loan due prior to the date of prepayment, (ii) any accrued and unpaid interest, (iii) the Stipulated Loan Value with respect to of each Loan, and (iv) all other sums, if any, that shall have become due and payable hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Nuvasive Inc)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default or otherwise (other than following an Event of Loss), then Borrower shall immediately pay to Lenders Lender (i) all accrued and unpaid Scheduled Payments with respect to each Loan due prior to the date of prepayment, (ii) any accrued and unpaid interest, (iii) the Stipulated Loan Value with respect to each Loan, and (iv) all other sums, if any, that shall have become due and payable hereunder.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Renovis Inc)

Mandatory Prepayment Upon an Acceleration. If the Loans are ----------------------------------------- accelerated following the occurrence of an Event of Default or otherwise (other than following an Event of Loss), then Borrower shall immediately pay to Lenders (i) all accrued and unpaid Scheduled Payments with respect to each Loan due prior to the date of prepayment, (ii) any accrued and unpaid interest, (iii) the Stipulated Loan Value with respect to each LoanLoan multiplied by the Loan Amount of the Loans, and (iviii) all other sums, if any, that shall have become due and payable hereunderhereunder with respect to such Loan.

Appears in 1 contract

Samples: Loan and Security Agreement (Copper Mountain Networks Inc)

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Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default or otherwise (other than following an Event of Loss), then Borrower shall immediately pay to Lenders (i) all accrued and unpaid Scheduled Payments with respect to each Loan due prior to the date of prepayment, (ii) any accrued and unpaid interest, (iii) the Stipulated Loan Value with respect to each Loan multiplied by the Loan Amount of such Loan, and (iviii) all other sums, if any, that shall have become due and payable hereunder.

Appears in 1 contract

Samples: Landlord Agreement (Colo Com)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default or otherwise (other than following an Event of Loss)Default, then Borrower shall immediately pay to Lenders (i) all accrued and unpaid Scheduled Payments with respect to each Loan due prior to the date of prepayment, (ii) any additional accrued and unpaid interest, (iii) the Stipulated Loan Value with respect to of each Loan, and (iv) all other sums, if any, that shall have become due and payable hereunder.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Myogen Inc)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default or otherwise (other than following an Event of Loss), then Borrower shall immediately pay to Lenders (i) all accrued and unpaid Scheduled Payments with respect to each Loan due prior to the date of prepayment, (ii) any accrued and unpaid interest, (iii) the Stipulated Loan Value with respect to of each Loan, and (iv) all other sums, if any, that shall have become due and payable hereunder.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Egenera, Inc.)

Mandatory Prepayment Upon an Acceleration. If the Loans are accelerated following the occurrence of an Event of Default or otherwise (other than following an Event of Loss), then Borrower shall immediately pay to Lenders Lender (i) all accrued and unpaid Scheduled Payments with respect to each Loan due prior to the date of prepayment, (ii) any accrued and unpaid interest, (iii) the Stipulated Loan Value with respect to each Loan multiplied by the Loan Amount of such Loan, and (iviii) all other sums, if any, that shall have become due and payable hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Depomed Inc)

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