A cceleration Sample Clauses
An acceleration clause allows a lender or party to demand immediate repayment of the entire outstanding balance or fulfillment of obligations if certain specified events occur, such as a default or breach of contract. In practice, this means that if a borrower misses payments or violates other terms, the lender can require the full loan amount to be paid at once rather than following the original payment schedule. The core function of this clause is to protect the lender by providing a mechanism to respond quickly to defaults, thereby reducing risk and encouraging compliance with the contract terms.
A cceleration. If any of the following events occur, the Service Fee and any other payment to be made under the Agreement shall become due and payable, and in such case the Subscriber shall pay such payment to SORACOM immediately. Unless the following event is resolved, upon request of SORACOM, the Subscriber shall immediately perform the above payment obligations.
(i) If SORACOM deems that the Subscriber is insolvent;
(ii) If a procedure of bankruptcy, company reorganization, civil rehabilitation and other insolvency procedure based on laws and regulations is commenced against the Subscriber;
(iii) If a ▇▇▇▇ or check issued by the Subscriber is dishonored;
A cceleration. If any of the following events occur, the Service Fee and any other payment to be made under the Agreement shall become due and payable, and in such case the Subscriber shall pay such payment to SORACOM immediately. Unless the following event is resolved, upon request of SORACOM, the Subscriber shall immediately perform the above payment obligations.
(i) If SORACOM deems that the Subscriber is insolvent;
(ii) If a procedure of bankruptcy, company reorganization, civil rehabilitation and other insolvency procedure based on laws and regulations is commenced against the Subscriber;
(iii) If a ▇▇▇▇ or check issued by the Subscriber is dishonored;
(iv) If an order or notice of provisional attachment, provisional disposition, provisional disposition for provisional registration, preservative attachment, attachment, compulsory execution, preservative disposition, petition of auction sale or disposition for nonpayment of tax and public charges has been issued with respect to the assets owned by the Subscriber;
(v) If a supervisory authority cancels the registration or notification necessary for Subscriber’s telecommunications business;
(vi) If the Subscriber discontinues the whole of its telecommunication business;
(vii) If the Subscriber is ceases to exist; or
(viii) If any event that significantly impedes the Subscriber’ business occurs.