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.
Appears in 2 contracts
Sources: Second Lien Indenture (Luminar Technologies, Inc./De), First Lien Indenture (Luminar Technologies, Inc./De)