Common use of Maturity Date Acceleration Clause in Contracts

Maturity Date Acceleration. In addition to the Obligor’s payments made pursuant to Paragraph ‎1(a), so long as no Senior Default (as defined in the Subordination Agreement) has occurred and is continuing or would result therefrom, the Obligor shall pay in full the Principal Amount of and any accrued and unpaid interest on the Series B Notes on the earliest to occur (the “Maturity Date”) of (a) A▇▇▇▇ ▇▇, ▇▇▇▇, (▇) the acceleration of the maturity of this Note by the Holder upon the occurrence of an Event of Default, and (c) a Sale of Obligor (as defined below).

Appears in 1 contract

Sources: Stock Purchase Agreement (FTE Networks, Inc.)

Maturity Date Acceleration. In addition to the Obligor’s payments made pursuant to Paragraph ‎1(a1(a), so long as no Senior Default (as defined in the Subordination Agreement) has occurred and is continuing or would result therefrom, the Obligor shall pay in full the Principal Amount of and any accrued and unpaid interest on the Series B Notes on the earliest to occur (the “Maturity Date”) of (a) A▇▇▇▇ ▇▇July 30, ▇▇▇▇2021, (b) the acceleration of the maturity of this Note by the Holder upon the occurrence of an Event of Default, and (c) a Sale of Obligor (as defined below).

Appears in 1 contract

Sources: Subordination Agreement (FTE Networks, Inc.)

Maturity Date Acceleration. In addition to the Obligor’s payments made pursuant to Paragraph ‎1(a), so long as no Senior Default (as defined in the Subordination Agreement) has occurred and is continuing or would result therefrom, the Obligor shall pay in full the Principal Amount of and any accrued and unpaid interest on the Series B Notes on the earliest to occur (the “Maturity Date”) of (a) A▇▇▇▇ ▇▇, ▇▇▇▇, (▇) the acceleration of the maturity of this Note by the Holder upon the occurrence of an Event of Default, and (c) a Sale of Obligor (as defined below).

Appears in 1 contract

Sources: Stock Purchase Agreement (Sacramone Fred)