Acceleration Event Date Sample Clauses

The Acceleration Event Date clause defines the specific date on which certain contractual rights or obligations, such as the immediate repayment of a loan or the vesting of equity, become effective due to the occurrence of a predefined event. For example, this clause may specify that if a company is acquired or undergoes a change of control, outstanding debts become due or unvested shares vest immediately as of the Acceleration Event Date. Its core practical function is to provide clarity and certainty regarding the timing of accelerated actions triggered by significant events, thereby protecting the interests of the affected parties.