Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 7.01(A)(xi) or 7.01(A)(xii) occurs with respect to the Issuer (and not solely with respect to a Significant Subsidiary (or multiple Subsidiaries which, when taken together, would constitute a Significant Subsidiary) of the Issuer), 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.
Appears in 9 contracts
Sources: Indenture (Wolfspeed, Inc.), Indenture (Wolfspeed, Inc.), Indenture (Wolfspeed, Inc.)