Common use of Repayment on Event of Default Clause in Contracts

Repayment on Event of Default. When there is an Event of Default, Borrower will, if Bank demands (or, upon the occurrence of an Event of Default under Section 8.5 of this Agreement, immediately without notice or demand from Bank) repay all of the Obligations. The demand may, at Bank’s option, include the Advance for each Financed Receivable then outstanding and all accrued Finance Charges, interest, the Early Termination Fee, the Non-Formula Termination Fee, Collateral Handling Fee, attorneys’ and professional fees, court costs and expenses, Bank Expenses and any other Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (GigOptix, Inc.)

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Repayment on Event of Default. When there is If an Event of DefaultDefault has occurred and is continuing, Borrower Borrowers will, if Bank demands (or, upon the occurrence of an Event of Default under Section 8.5 of this Agreement8.5, immediately without notice or demand from Bank) repay all of the ObligationsAdvances. The demand may, at Bank’s option, include the Invoice Advance for each Financed Receivable then outstanding or outstanding Collections Advances, as the case may be, and all accrued Finance Charges, interest, the Early Termination Fee, the Non-Formula Termination Fee, Collateral Handling FeeFees, attorneys’ attorneys and professional fees, court costs and expenses, Bank Expenses and any other Obligations.

Appears in 1 contract

Samples: Silicon Valley Bank Loan and Security Agreement (Global Telecom & Technology, Inc.)

Repayment on Event of Default. When there is an Event of DefaultDefault has occurred and is continuing, Borrower will, if Bank demands (or, upon the occurrence of an Event of Default under Section 8.5 of this Agreement8.5, immediately without notice or demand from Bank) repay all of the ObligationsAdvances and Inventory Advances. The demand may, at Bank’s option, include the Advance for each Financed Receivable then outstanding, each Inventory Advance then outstanding and all accrued Finance Charges, interest, the Early Termination Fee, the Non-Formula Termination Fee, Collateral Handling Fee, attorneys’ and professional fees, court costs and expenses, Bank Expenses and any other Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Active Power Inc)

Repayment on Event of Default. When there is an Event of Default, Borrower will, if Bank demands (or, upon the occurrence of an Event of Default under Section 8.5 of this Agreement, immediately without notice or demand from Bank) repay all of the Obligations. The demand may, at Bank’s option, include the Advance for each Financed Receivable all Credit Extensions then outstanding and all accrued interest, Finance Charges, interestCollateral Handling Fees, the Early Termination Fee, the Non-Formula Termination FeeTerm Loan Prepayment Premium, Collateral Handling Feethe Loan Fees, attorneys’ and professional fees, court costs and expenses, Bank Expenses and any other Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (GigPeak, Inc.)

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Repayment on Event of Default. When there is an Event of DefaultDefault has occurred and is continuing, Borrower will, if Bank demands (or, upon the occurrence and continuance of an Event of Default under Section 8.5 of this Agreement8.5, immediately without notice or demand from Bank) repay all of the ObligationsAdvances. The demand may, at Bank’s 's option, include the Advance for each Financed Receivable then outstanding and all accrued Finance Charges, interest, the Early Termination Fee, the Non-Formula Termination Fee, Collateral Handling Fee, the Facility Fee, reasonable attorneys' and professional fees, court costs and expenses, Bank Expenses and any other Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (NMS Communications Corp)

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