Stay of Acceleration. In the event that acceleration of the time for payment of any of the SA Obligations is stayed, in connection with any case commenced by or against the Designated Borrower under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable by the immediately upon demand by the Administrative Agent.
ARTICLE # MISCELLANEOUS 108
Section # Stay of Acceleration 66
SECTION # Reinstatement; Stay of Acceleration 124108
Acceleration. If any Default described in [Section 7.6 or 7.7]7] occurs, the Obligations of 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 (or the Agent, with the consent of the Required ) may terminate or suspend the obligations of the to make Loans to hereunder, or declare the Obligations of to be due and payable, or both, whereupon such obligations of the shall terminate and/or the Obligations of shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which hereby expressly waives.
Relief from Stay. Each of the FILO Secured Parties agrees not to # seek (or support any other Person seeking) relief from the automatic stay or any other stay in any Insolvency Proceeding with respect to a Loan Party, without the prior written consent of the , or # oppose any request by the , any other Secured Party (other than any FILO Secured Party), or, in the case of any Conforming Post-Petition Financing, any Person providing such Post-Petition Financing, for relief from the automatic stay or any other stay in any such Insolvency Proceeding.
Waiver of Stay. For good cause shown, the stay of this Confirmation Order provided by any Bankruptcy Rule is waived, and this Confirmation Order shall be effective and enforceable immediately upon its entry by the Court.
Vesting Acceleration. Effective as of , Participants who cease to be Employees due to the sale of Pivotal LNG, Inc. will be deemed to be fully vested in their benefits and Accounts for all purposes hereunder.
Acceleration Provisions. (i) In the event of the occurrence of a Change in Control in which the Stock Units are not continued or assumed (i.e., the Stock Units are not equitably converted into, or substituted for, a right to receive cash and/or equity of a successor entity or its affiliate), the Stock Units that have not been cancelled or paid out shall become fully vested. The vested Stock Units shall be paid out to the Employee as soon as administratively practicable on or following the effective date of the Change in Control (but in no event later than 30 days after such event); provided that the Change in Control also constitutes a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company within the meaning of Section 409A of the Internal Revenue Code of 1986 (the “Code”) and the regulations and guidance issued thereunder (“[Section 409A]”), and such payout will not result in additional taxes under Section 409A. Otherwise, the vested Stock Units shall be paid out as soon as administratively practicable after the earlier of the Employee’s termination of employment or the applicable Payment Date for such Stock Units (but in no event later than 30 days after such events).
Vesting Acceleration. Effective as of , # Gulf Power Company will cease to be an Employing Company under the Plan; and # Participants who cease to be Employees due to the sale of Gulf Power Company will be deemed to be fully vested in their Accounts for all purposes hereunder.
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