ACCELERATED MATURITY Sample Clauses

ACCELERATED MATURITY. If an Event of Default shall have occurred and be continuing, the Indenture Trustee may declare, or upon the written direction by the Registered Owners of at least 66% of the principal amount of the Highest Priority Obligations then Outstanding, shall declare, the principal of all Obligations then Outstanding, and the interest thereon, if not previously due, immediately due and payable, anything in the Obligations or this Indenture to the contrary notwithstanding; provided, however, that for a declaration of acceleration upon a default pursuant to Section 6.01(e) hereof shall require the consent of a majority of the Registered Owners of the principal amount of the Highest Priority Obligations then Outstanding.
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ACCELERATED MATURITY. The totality of all sums due, including principal, interest, costs and ancillary expenses hereunder shall become immediately payable and no further fund take-up may be sought from Bank in the event of the placing of Borrower in liquidation by court order, cessation of its business or activity, or in the circumstances of default for which provision is made in law. Similarly, no further loan fund take-up may be sought from Bank and/or Bank may declare the Loan to be immediately repayable before its term fifteen days after notice has been given to Borrower by letter sent registered or certified mail, return receipt requested, no legal formality being required therefor, in the event of the occurrence of any of the following circumstances: - non-payment at the due date of any sum falling due, - gravely reprehensible behavior on the part of Borrower, as in the case in which its situation should become irremediably compromised in the meaning of Article L.313-12 of the French Code of Monetary and Financial Law [Code Monétaire et Financier]; - if one of the representations made by Borrower hereunder or any written affidavit made by an authorized agent of Borrower for the purposes hereof is shown to have been inaccurate at the time the statement was made or reiterated, or ceases to be accurate with regard to any matter that is of the essence; - merger, corporate split, voluntary liquidation or winding up of the business of Borrower; - sale or assignment of the business of Borrower in connection with a voluntary or forced bankruptcy procedure, - change in the corporate form of Borrower or in the stated purpose of its business or transfer of its principal place of business to a location outside metropolitan France without the agreement of Bank; - where interest and commission on the Loan become assessable for a tax of any kind for which they are not currently assessable, unless Borrower bears this fiscal expense in a manner such that Bank has no liability therefor; - failure by Borrower to pay any sum at the due date to any person, and notably Borrower’s contributions, taxes, social charges and other amounts, where this is likely to lead to consequences that are manifestly prejudicial to due redemption of the Loan; - major change in the corporate character, capacity or assets of Borrower, in addition to its legal, financial, industrial or commercial structure, unless this has been expressly agreed by Bank; - where a payment default by Borrower is declared to the Banqu...
ACCELERATED MATURITY. If (a) an Event of Default set forth in Section 6.01(a) or (b) hereof shall have occurred and be continuing, the Trustee may declare, or upon the written direction by the Registered Owners of at least a majority of the aggregate principal amount of the Notes then Outstanding, the Trustee shall declare or (b) an Event of Default set forth in Section 6.01(c) hereof shall have occurred and be continuing, upon the written direction by the Registered Owners of at least a majority of the aggregate principal amount of the Notes then Outstanding, the Trustee shall declare, the principal of all Notes then Outstanding, and the interest thereon, if not previously due, immediately due and payable, anything in the Notes or this Indenture to the contrary notwithstanding, and upon any such declaration the unpaid principal amount of all Notes then Outstanding, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable, subject, however, to Section 6.04 hereof. If an Event of Default set forth in Section 6.01(d) hereof shall have occurred and be continuing, the principal of all Notes Outstanding, together with accrued and unpaid interest thereon through the date of such Event of Default, shall become immediately due and payable. At any time after such declaration of acceleration of maturity has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Registered Owners of Notes representing a majority in aggregate principal amount of the Notes then Outstanding, by written notice to the Corporation and the Trustee, may rescind and annul such declaration and its consequences if:
ACCELERATED MATURITY. 16.1) The Parties may declare the anticipated expiry of this Contract being the debt payable and any disbursement immediately suspended if, besides the hypotheses contemplated by Law, specially the non fulfillment of any obligation here agreed upon by the Beneficiary and/or Intervenients, before any of the Financial Agents, or also if the following should occur:
ACCELERATED MATURITY. The Lender may impose total acceleration of the loan eight days after notification by registered letter or extrajudicial act in one of the following cases:
ACCELERATED MATURITY obligation to repay to remain subordinate. (i) Subject to the provisions of paragraph (b)(8) of this appendix, a subordination agree- ment may provide that the lender may, upon prior written notice to the broker or dealer and the Examining Authority given not earlier than six months after the effective date of such subordination agreement, accelerate the date on which the Payment Obligation of the broker or dealer, together with accrued interest or compensation, is scheduled to mature to a date not earlier than six months after the giving of such notice, but the right of the lender to receive Payment, together with accrued inter- est or compensation, shall remain sub- ordinate as required by the provisions of 17 CFR 240.15c3–1 and 240.15c3–1d.
ACCELERATED MATURITY. Any breach of the terms and conditions of this Contract by the Borrowing Corporation will accelerate the maturity of the obligations agreed to hereby, as well as of all obligations entered into by its affiliates and subsidiaries with the BANK.
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ACCELERATED MATURITY. The loan shall be due for instant repayment, if the Bank should be obliged to repayment to the KfW or if participation in the repayment should be recalled. Premature repayment of the loan shall require the Bank’s prior content, unless caused by complete or partial termination of participation by the Receiver of Capital Investment. The Bank shall be entitled to pre–payment indemnity in cases of premature repayment of the loan on prior consent.
ACCELERATED MATURITY. The BNDES may declare the accelerated maturity hereof, with the enforceability of the debt and immediate suspension of any disbursement, if, in addition to the events set forth in Articles 39 and 40 of the “PROVISIONS APPLICABLE TO BNDES CONTRACTS”, mentioned in Section Seven, Item I, BNDES proves: a) the dismissal of employees of the BENEFICIARY or the INTERVENING PARTY VCP – MS CELULOSE SUL MATO-GROSSENSE LTDA. in breach of the provisions, respectively, of Item III of Section Seven and item IV of Section Eight; b) existence of a final judgment regarding performance of acts by the Beneficiary or the INTERVENING PARTY VCP – MS CELULOSE SUL MATO-GROSSENSE LTDA. implying violation of the legislation applicable to race or sex discrimination, child work and slavery;
ACCELERATED MATURITY. The Maturity Date of the Term Loans will be accelerated, automatically and without any action on the part of Borrower, Administrative Agent or any Lender, to May 2, 2010 unless, prior to February 1, 2010, either (a) Borrower refinances the Convertible Subordinated Notes, in whole and not in part, with new Subordinated Debt having a maturity date not earlier than 120 days after the Maturity Date of the Term Loans, or (b) the Convertible Subordinated Notes have been converted to equity, in whole and not in part, and in either such case, Borrower has delivered evidence thereof reasonably satisfactory to Administrative Agent.
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