Common use of Acceleration; Additional Interest Clause in Contracts

Acceleration; Additional Interest. (a) Upon the occurrence of an Insolvency Event, the Obligations shall become immediately due and payable, without the necessity of any demand upon or notice to the Credit Parties by the Agent.

Appears in 5 contracts

Samples: Credit Agreement (Tilray Brands, Inc.), Credit Agreement (Tilray, Inc.), Credit Agreement (Aphria Inc.)

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Acceleration; Additional Interest. (a) a. Upon the occurrence of an Insolvency Event, the Obligations shall become immediately due and payable, without the necessity of any demand upon or notice to the Credit Parties by the Agent.

Appears in 1 contract

Samples: Credit Agreement (Tilray Brands, Inc.)

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