Example ContractsClausesacceleration of vestingVariants
Acceleration of Vesting
Acceleration of Vesting contract clause examples

Acceleration. If any Default described in Section 7.6 or 7.7 occurs, the Obligations of [[Organization A:Organization]] shall immediately become due and payable without any election or action on the part of the Agent or any Lender. If any other Default occurs, the Required [[Organization B:Organization]] (or the Agent, with the consent of the Required [[Organization B:Organization]]) may terminate or suspend the obligations of the [[Organization B:Organization]] to make Loans to [[Organization A:Organization]] hereunder, or declare the Obligations of [[Organization A:Organization]] to be due and payable, or both, whereupon such obligations of the [[Organization B:Organization]] shall terminate and/or the Obligations of [[Organization A:Organization]] shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which [[Organization A:Organization]] hereby expressly waives.

Acceleration. If any Default described in [Section 7.7, 7.8 or 7.9]9]9] occurs with respect to the Borrower, the obligations of [[Organization B:Organization]] to make Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender. If any other Default occurs, the Required [[Organization B:Organization]] (or the Administrative Agent with the consent of the Required [[Organization B:Organization]]) may terminate or suspend the obligations of [[Organization B:Organization]] to make Loans hereunder, or declare the Obligations to be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives.

Section # Acceleration. If any Default described in [Section 7.6 or 7.7]7] occurs with respect to the Company or any of its Material Subsidiaries, the obligations of [[Organization B:Organization]] to make Loans hereunder shall automatically terminate and the Obligations of the Borrowers shall immediately become due and payable without presentment, demand, protest or notice of any kind (all of which each Borrower hereby expressly waives) or any other election or action on the part of the Agent or any Lender. If any other Default occurs, the Required [[Organization B:Organization]] (or the Agent with the consent of the Required [[Organization B:Organization]]) may terminate or suspend the obligations of [[Organization B:Organization]] to make Loans hereunder, or declare the Obligations of the Borrowers to be due and payable, or both, in either case upon written notice to the Company and the applicable Borrower, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which each Borrower hereby expressly waives.

If any Default described in [Sections 7(g) or 7(h)])] occurs with respect to the Borrower, the obligations of [[Organization B:Organization]] to make Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender. If any other Default occurs, the Required [[Organization B:Organization]] (or the Administrative Agent with the consent of the Required [[Organization B:Organization]]) may terminate or suspend the obligations of [[Organization B:Organization]] to make Loans hereunder or declare the Obligations to be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives.

Section # Acceleration. If any Default described in [Section 7.6 or 7.7]7] occurs with respect to the Company or any of its Material Subsidiaries, the obligations of the to make Loans hereunder shall automatically terminate and the Obligations of the Borrowers shall immediately become due and payable without presentment, demand, protest or notice of any kind (all of which each Borrower hereby expressly waives) or any other election or action on the part of the Agent or any Lender. If any other Default occurs, the Required (or the Agent with the consent of the Required ) may terminate or suspend the obligations of the to make Loans hereunder, or declare the Obligations of the Borrowers to be due and payable, or both, in either case upon written notice to the Company and the applicable Borrower, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which each Borrower hereby expressly waives.

Section # Acceleration. If any Default described in [Section 7.6 or 7.7]7] occurs with respect to the Borrower or any of its Material Subsidiaries, the Commitment shall automatically terminate (if the Commitment Termination Date has not already occurred pursuant to clause (a) or (b) of the definition thereof) and the Obligations of the Borrower shall immediately become due and payable without presentment, demand, protest or notice of any kind (all of which the Borrower hereby expressly waives) or any other election or action on the part of the Agent or any Lender. If any other Default occurs, the Required [[Organization A:Organization]] (or the Agent with the consent of the Required [[Organization A:Organization]]) may terminate the Commitment (if the Commitment Termination Date has not already occurred pursuant to clause (a) or (b) of the definition thereof) or suspend the obligations of the [[Organization A:Organization]] to make the Loan hereunder, or declare the Obligations of the Borrower to be due and payable, or both, in either case upon written notice to the Borrower , whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which the Borrower hereby expressly waives.

If, within 30 days after acceleration of the maturity of the Obligations of [[Organization A:Organization]] as a result of any Default (other than any Default as described in Section 7.6 or 7.7) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required [[Organization B:Organization]] (in their sole discretion) shall so direct, the Agent shall, by notice to [[Organization A:Organization]], rescind and annul such termination and/or acceleration.

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