Common use of Optional Acceleration Clause in Contracts

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi) or 7.01(A)(xii) with respect to the Company and not solely with respect to a Significant Subsidiary of the Company) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 3 contracts

Sources: Indenture (Maxeon Solar Technologies, Ltd.), Indenture (Maxeon Solar Technologies, Ltd.), Indenture (Maxeon Rooster HoldCo, Ltd.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xiSections 7.01(A)(ix) or 7.01(A)(xii7.01(A)(x) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the CompanyCompany or any Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty twenty-five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 3 contracts

Sources: Indenture (Boxed, Inc.), Indenture (Seven Oaks Acquisition Corp.), Indenture (MultiPlan Corp)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi7.01(A)(ix) or 7.01(A)(xii7.01(A)(x) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the Company) occurs and is continuing, then the TrusteeTrustee (acting at the direction of the Required Holders), by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest interest, and any Applicable Premium that has become due, on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 2 contracts

Sources: Indenture (Biora Therapeutics, Inc.), Indenture (Biora Therapeutics, Inc.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi7.01(A)(x) or 7.01(A)(xii7.01(A)(xi) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the CompanyCompany or any Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount Accreted Principal Amount of, and all accrued and unpaid interest on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 2 contracts

Sources: First Supplemental Indenture (Nogin, Inc.), Indenture (Nogin, Inc.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi7.01(A)(ix) or 7.01(A)(xii7.01(A)(x) with respect to the Company or either Guarantor and not solely with respect to a Significant Subsidiary of the CompanyCompany or a Guarantor, other than the Company or the other Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 2 contracts

Sources: Indenture (Sabre Corp), Indenture (Sabre Corp)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi7.01(A)(x) or 7.01(A)(xii7.01(A)(xi) with respect to the Company or the Guarantor and not solely with respect to a Significant Subsidiary of the Company or of the Guarantor (other than the Company)) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, and the Maturity Premium, if any, in respect of, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 2 contracts

Sources: Indenture (Rexford Industrial Realty, Inc.), Indenture (Rexford Industrial Realty, Inc.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi7.01(A)(ix) or 7.01(A)(xii7.01(A)(x) with respect to the Company or the Guarantor and not solely with respect to a Significant Subsidiary of the CompanyCompany or the Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 1 contract

Sources: First Supplemental Indenture (American Airlines, Inc.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(x), Section 7.01(A)(viii), or 7.01(A)(xi) or 7.01(A)(xii) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the CompanyCompany or any Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Vertical Aerospace Ltd.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi7.01(A)(ix) or 7.01(A)(xii7.01(A)(x) with respect to the Company or the Guarantor and not solely with respect to a Significant Subsidiary of the CompanyCompany or a Significant Subsidiary of the Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest interest, if any, on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Spotify Technology S.A.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi7.01(A)(x) or 7.01(A)(xii7.01(A)(xi) 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)) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Pagaya Technologies Ltd.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi7.01(A)(ix) or 7.01(A)(xiiSection 7.01(A)(x) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the CompanyCompany or any Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (CNX Resources Corp)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi7.01(A)(xii) or 7.01(A)(xii7.01(A)(xiii) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the CompanyCompany or any Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare 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 (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Gastar Exploration Inc.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi7.01(A)(ix) or 7.01(A)(xii7.01(A)(x) with respect to the Company and not solely with respect to Company, any Guarantor that is a Significant Subsidiary of the Company, or any group of Guarantors that, taken together, would constitute a Significant Subsidiary of the Company) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five -five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (NRG Energy, Inc.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi7.01(A) (viii) or 7.01(A)(xii7.01(A)(ix) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the CompanyCompany or a Guarantor, other than the Company or such Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by written notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.. Table of Contents

Appears in 1 contract

Sources: Indenture (Magnite, Inc.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi7.01(A)(ix) or 7.01(A)(xii7.01(A)(x) with respect to the Company or Holdings and not solely with respect to a Significant Subsidiary of the Company or of Holdings (other than the Company)) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, and all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (SB/RH Holdings, LLC)

Optional Acceleration. Subject to Section 7.038.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(xi8.01(A)(xii) or 7.01(A)(xiiSection 8.01(A)(xii) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the Company) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty thirty-five percent (2535%) of the aggregate principal amount of Notes then outstanding, by notice to the Company, the Trustee Company and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Independence Contract Drilling, Inc.)