Acceleration Option definition

Acceleration Option means the option on the part of the Lessor the terms of which are set out in clause 6.2;
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Acceleration Option has the meaning set forth in Section 2.7(c)(iii).
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Acceleration Option shall have the meaning set forth in Section 3(B).
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Examples of Acceleration Option in a sentence

  • At Landlord’s option, an otherwise valid exercise of the Acceleration Option shall be fully effective whether or not the Acceleration Amendment is executed.

  • Borrower (the "Acceleration Option"), declare all amounts owed hereunder immediately due and payable by giving the Borrower written notice of such declaration.

  • Within fifteen (15) days of the Borrower's receipt of the Lender's notice of exercise of the Acceleration Option, the Borrower shall make repayment in full of the outstanding principal balance and accrued interest of this Note in cash, or, at the option of the Borrower and subject to Section 7 of this Note, in shares of Non-Voting Common Stock valued at the then Fair Market Value of CuraGen Common Stock.

  • Section 7.3 (Additional Right of First Offer) and Section 7.4 (Tenant’s Acceleration Option for the Suite 585 Expansion Space) of the Third Amendment are hereby deleted.

  • Tenant shall only be entitled to exercise Tenant’s Second Expansion Premises Acceleration Option with respect to one or more entire floors comprising the Second Expansion Premises.

  • If Tenant fails to pay either installment of the Acceleration Fee in accordance with the foregoing, time being of the essence, Landlord may elect, upon notice to Tenant to declare the Acceleration Notice null and void, and this Lease shall continue in full force and effect as if Tenant had not exercised such Acceleration Option.

  • The Acceleration Option set forth in Article 17 of the Original Lease as amended by the First Amendment, and the First Acceleration Option for Expansion Premises and the Second Acceleration Option for Expansion Premises shall remain in full force and effect with respect to the Current Premises only (i.e., the 24th floor, the 14th floor and the 15th floor).

  • If not so exercised, Tenant’s Acceleration Option shall thereupon expire.

  • If Liberty elects to exercise the Acceleration Option, then Liberty shall immediately pay to Nytis an amount equal to the Aggregate Well Cost Cap minus any Carry Costs actually paid by Liberty as of the date of Liberty’s exercise of the Acceleration Option (the “Accelerated Amount”).

  • In the event that Tenant fails to completely vacate the portion of the Expansion Premises to which Tenant’s First Acceleration Option for Expansion Premises applies and surrender possession thereof to Landlord in accordance with the terms and conditions of the Lease on or prior to the Expansion Premises First Accelerated Termination Date, such failure shall be treated as a holding over by Tenant, and Landlord shall be entitled to all of its remedies therefore pursuant to Article 12 of the Original Lease.


More Definitions of Acceleration Option

Acceleration Option means the option on the part of the Lessor the terms of which are set out in Clause 6.3;
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Acceleration Option has the meaning set forth in the MIPA.
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Related to Acceleration Option

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Acceleration Notice shall have the meaning specified in Section 6.2.