Automatic Acceleration in Certain Circumstances Sample Clauses
The "Automatic Acceleration in Certain Circumstances" clause stipulates that outstanding obligations, such as loan balances or payment installments, become immediately due and payable if specific triggering events occur. Typically, these triggers include events like default, insolvency, or breach of contract by one party. By automatically accelerating the due date of obligations, this clause protects the non-breaching party by allowing them to demand full repayment or performance without waiting for the original schedule, thereby mitigating risk and providing a clear remedy in adverse situations.
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Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 7.01(A)(ix) or 7.01(A)(x) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding will immediately become due and payable without any further action or notice by any Person.
Automatic Acceleration in Certain Circumstances. If an Event of Default specified in Sections 6.01(a)(ix) or 6.01(a)(x) hereof occurs with respect to the Company, the principal amount of, and all accrued and unpaid interest, if any, on, all of the then outstanding Notes will immediately become due and payable without any further action or notice by any party.
Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 9(A)(xvi) or Section 9(A)(xvii) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then the then outstanding portion of the Maturity Principal Amount of, and all accrued and unpaid interest on, this Note will immediately become due and payable without any further action or notice by any Person.
Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 8.01(A)(ix) or 8.01(A)(x) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then an amount equal to the Acceleration Amount will immediately become due and payable without any further action or notice by any Person.
Automatic Acceleration in Certain Circumstances. If an Event of Default specified in Sections 9.01(a)(ix) hereof occurs with respect to the Issuer, the principal amount of and accrued and unpaid interest, if any, on all of the then outstanding Notes will immediately become due and payable without any further action or notice by any party.
Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 7.01(A)(viii) or 7.01(A)(ix) occurs with respect to the Company or any Subsidiary Guarantor, then the Redemption Price, which is inclusive of the accrued and unpaid interest on such Note, as of the date of such Event of Default, of all of the Notes then outstanding will immediately become due and payable without any further action or notice by any Person.
Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 7.01(A)(ix) or 7.01(A)(x) occurs with respect to the Company or the Guarantor (and not solely with respect to a Significant Subsidiary of the Company or a Significant Subsidiary of the Guarantor), then the principal amount of, and all accrued and unpaid interest, if any, on, all of the Notes then outstanding will immediately become due and payable without any further action or notice by any Person. Table of Contents
Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 7.01(A)(xii) or 7.01(A)(xiii) occurs with respect to the Company or any Guarantor (and not solely with respect to a Significant Subsidiary of the Company or any Guarantor), then the principal amount of, and all accrued and unpaid interest (and, if, and only if, a Requisite Stockholder Approval Failure has occurred, the Applicable Premium) on, all of the Notes then outstanding will immediately become due and payable without any further action or notice by any Person.
Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 10(A) (xv) or (xvi) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then the then outstanding portion of the Principal Amount of, and all accrued and unpaid Default Interest on, this Note will immediately become due and payable without any further action or notice by any Person.
Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 7.01(A)(x) or 7.01(A)(xi) occurs with respect to the Company or the Parent Guarantor (and not solely with respect to a Significant Subsidiary of the Parent Guarantor (other than the Company)), then the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding will immediately become due and payable without any further action or notice by any Person.