Accelerated Payments Sample Clauses

Accelerated Payments. Upon the occurrence of an Event of Default and the acceleration of the Note, pursuant to and as permitted by Section 9.2, the Note and all other Obligations, shall be immediately due and payable as provided in Section 9.2 and in the Note.

Accelerated Payments. In the event that any of the following events (each, a “Trigger Event”) occurs, then within five business days after the occurrence of such Trigger Event, Buyer shall pay the amounts of cash and issue the number of shares of DSH Common Stock (or cause to be issued or paid) to Stockholders in accordance with the maximum amount of Earn-Out Payments that could otherwise be earned by Stockholders pursuant to this Section 1.5(b), regardless of whether the Minimum Pre-Tax Profits have been or will be achieved for such Fiscal Measuring Year: (1) Buyer violates any of the terms of Section 1.5(b) in any material respect, and Buyer does not cure such violation within sixty (60) calendar days of receipt of notice of such violation; (2) Except in connection with a Sale of Control of the Parent and its consolidated Subsidiaries (including the Corporations), the Parent shall effect a Sale of Control of either or both of the Buyer or the Merger Subsidiary; (3) Either Buyer or the Merger Subsidiary dissolve or terminate their existence as a going business concern; (4) Buyer becomes insolvent, suffer the entry of a judgment, decree, or order for relief by a court of competent jurisdiction in an involuntary proceeding commenced under any bankruptcy or insolvency laws that is not promptly stayed or reversed, commence any voluntary preceding under any bankruptcy or insolvency laws, undertake any type of general creditor work out, or make a general assignment for the benefit of creditors; or (5) Parent or the Corporations takes any corporate or other action to authorize or cause any of the foregoing.

Accelerated Payments. Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby, either alone or in combination with another event (whether contingent or otherwise) will (i) entitle any current or former employee or other service provider of Seller to any payment; (ii) increase the amount of compensation or benefits due to any such employee or other service provider or any such group of employees, consultants, directors or other service providers; (iii) accelerate the vesting, funding or time of payment of any compensation, equity award or other benefit; or (iv) result in any “parachute payment” under Section 280G of the Code (or any corresponding provision of state, local, or foreign tax Law).

Accelerated Payments. Except as set forth on Section 4.14(f) of the Sellers Disclosure Schedule, neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby, either alone or in combination with another event (whether contingent or otherwise), will (i) entitle any current or former employee, consultant, director or other service provider of the Company Group to any payment, (ii) increase the amount of compensation or benefits due to any such employee, consultant, director or other service provider, or (iii) accelerate the vesting, funding or time of payment of any compensation, equity award or other benefit.

Accelerated Payments. If, in any Year (as defined in this Note), 7% of the Net Sales (as defined in this Note) of Interactive Nutrition International Inc. ("INII") shall be greater than $3,157,896 then 50% of such excess shall be paid to the Noteholder, in equal monthly amounts in addition to the payments otherwise payable in the Year next following the year in which such excess occurred. Accelerated payments shall be deducted from the amount otherwise owing under this Note in inverse payment order, i.

Accelerated Payments. Except as disclosed in Section 3.22(d) of the Company Disclosure Schedule, there is no Plan or other Contract, agreement or benefit arrangement covering any current or former employee or independent contractor of the Company which, individually or collectively, would give rise to the payment of, or permit any such individual to retain, any amount or benefit which would constitute a “parachute payment” (as defined in Section 280G of the Code, determined without reference to Section 280G(b)(4) of the Code). Except as disclosed in Section 3.22(d) of the Company Disclosure Schedule, neither the execution of this Agreement nor the consummation of any of the transactions contemplated hereby (whether alone or upon the occurrence of any additional or further acts or events) will (i) result in any obligation or Liability (with respect to accrued benefits or otherwise) on the part of the Company under any Plan to any present or former employee, director, officer, stockholder, contractor or consultant of the Company, or any of their dependents, (ii) be an event under any Plan that will result in any payment (whether of severance pay or otherwise) becoming due to any such present or former employee, officer, director, stockholder, contractor, or consultant, or any of their dependents, or (iii) accelerate the time of payment or vesting, or increase the amount, of any compensation theretofore or thereafter due or granted to any employee, officer, director, stockholder, independent contractor, or consultant of the Company or any of their dependents.

Accelerated Payments. If at any time and from time to time during the term of this Agreement, a Buyer Downgrade Event occurs, or notwithstanding the provisions of Article 5 (Billing and Settlement), Seller shall have the right to require Buyer to divide the Monthly Settlement Amount into weekly amounts and pay such amounts on a weekly basis for so long as the Buyer Downgrade Event continues. A “weekly basis” as referred to in the preceding sentence means a given Monday through Sunday period in a Delivery Period. Seller shall notify Buyer who shall be required to make payment for such period no later than the first Wednesday following such period (or if such day is not a Business Day, on the next Business Day). Buyer’s failure to make such accelerated payments shall be deemed an Event of Default under Section 10.1 (Events of Default) of the Agreement.

Accelerated Payments. Upon the occurrence of an Event of Default and the acceleration of the Loans and Notes, pursuant to and as permitted by Section 10.2, the Loans and all other Obligations shall be immediately due and payable as provided in Section 10.2 and in the Notes.

Accelerated Payments. Except as set forth in Schedule 5.25(g), the approval and consummation of the transactions contemplated by this Agreement (either alone or in conjunction with any other event such as a termination of employment) will not (i) entitle any Business Employee to severance pay or termination benefits, or entitle any Business Employee to any payment, additional benefits or any acceleration of the time of payment or vesting of any benefits under any Seller Employee Benefit Plan, or (ii) accelerate the time of payment or vesting or increase the amount of compensation due to any such Business Employee.