Common use of Prepayment; Acceleration Clause in Contracts

Prepayment; Acceleration. The unpaid principal balance and all accrued interest and any and all other sums payable to Seagate hereunder may be prepaid prior to the Maturity Date. All prepayments so permitted shall be applied in the order provided in Section 1. The unpaid principal balance of this Note is subject to acceleration upon the occurrence of a Corporate Event, as set forth in the Loan Agreement. Following any such acceleration, in addition to Seagate's rights with respect to the Collateral described in the Loan Agreement, Seagate will have full recourse, subject to the terms of the Subordination Agreement, against any tangible or intangible assets of Debtor, and may pursue any legal or equitable remedies that are available to it.

Prepayment; Acceleration. The unpaid principal balance and all accrued interest and any and all other sums payable to Seagate hereunder may be prepaid prior to the Maturity Date. All prepayments so permitted shall be applied in the order provided in Section 1. The unpaid principal balance of this Note is subject to acceleration upon the occurrence of a Corporate Event, as set forth in the Loan Agreement. Following any such acceleration, in addition to Seagate's rights with respect to the Collateral described in the Loan Agreement, Seagate will have full recourse, subject to the terms of the Subordination Agreement, against any tangible or intangible assets of Debtor, and may pursue any legal or equitable remedies that are available to it.