Common use of Optional Acceleration Clause in Contracts

Optional Acceleration. If any other Event of Default occurs and is continuing, the Trustee, by delivering a written notice to the Company, or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding, by delivering a written notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest, if any, on all then outstanding Notes immediately due and payable, and upon such declaration, the principal amount of, and all accrued and unpaid interest, if any, on all then outstanding Notes will immediately become due and payable.

Appears in 4 contracts

Sources: First Supplemental Indenture (Par Technology Corp), Indenture (Par Technology Corp), Indenture (Par Technology Corp)

Optional Acceleration. If any other Event of Default occurs and is continuing, the Trustee, Trustee by delivering a written notice to the CompanyIssuer, or the Holders of at least 25% in aggregate principal amount of the then outstanding Notes then outstanding, by delivering a written notice to the Company Issuer and the Trustee, may may, and the Trustee at the request of such Holders shall, declare the principal amount of, of and all accrued and unpaid interest, if any, on all then the outstanding Notes immediately to be due and payable. Upon such a declaration of acceleration, such principal and upon such declaration, the principal amount of, and all accrued and unpaid interest, if any, on all then outstanding Notes will immediately become be due and payablepayable immediately.

Appears in 2 contracts

Sources: Indenture (Amarin Corp Plc\uk), Indenture (Amarin Corp Plc\uk)

Optional Acceleration. If any other Event of Default occurs and is continuing, the Trustee, by delivering a written notice to the CompanyCompany (with a copy to the Collateral Agent), or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding, by delivering a written notice to the Company Company, the Collateral Agent and the Trustee, may declare the principal amount of, and all accrued and unpaid interest, if any, amounts due under Section 6.01(c) on all then outstanding Notes immediately due and payable, and upon such declaration, the principal amount of, and all accrued and unpaid interest, if any, on all then outstanding Notes such amounts will immediately become due and payable.

Appears in 2 contracts

Sources: Indenture (Protalix BioTherapeutics, Inc.), Indenture (Protalix BioTherapeutics, Inc.)

Optional Acceleration. If any other Event of Default occurs and is continuing, the Trustee, by delivering a written notice to the CompanyCompany (with a copy to the Collateral Agent), or the Holders of at least 2550% in aggregate principal amount of the Notes then outstanding, by delivering a written notice to the Company Company, the Collateral Agent and the Trustee, may declare the principal amount of, and all accrued and unpaid interest, if any, on amounts due under all then outstanding Notes immediately due and payable, and upon such declaration, the principal amount of, and all accrued and unpaid interest, if any, on all then outstanding Notes such amounts will immediately become due and payable.

Appears in 1 contract

Sources: Indenture (Medicine Man Technologies, Inc.)

Optional Acceleration. If any other Event of Default occurs and is continuing, the Trustee, by delivering a written notice to the Company, Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding, by delivering a written notice to the Company and the Trustee, outstanding may declare the principal amount of, and all accrued and unpaid interest, if any, on all then outstanding Notes immediately due and payablepayable by delivering written notice to the Company, and upon such declaration, the principal amount of, and all accrued and unpaid interest, if any, on all then outstanding Notes will immediately become due and payable.

Appears in 1 contract

Sources: Indenture (Ultrapetrol Bahamas LTD)