Common use of Automatic Acceleration in Certain Circumstances Clause in Contracts

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

Appears in 1 contract

Sources: Indenture (Spotify Technology S.A.)

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 Company, any Guarantor (and not solely with respect to that is a Significant Subsidiary of the Company Company, or any group of Guarantors that, taken together, would constitute a Significant Subsidiary of the Guarantor)Company, then the principal amount of, and all accrued and unpaid interest, if any, interest 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.

Appears in 1 contract

Sources: Indenture (NRG Energy, Inc.)