Common use of Acceleration Event Clause in Contracts

Acceleration Event. From the date hereof until the earlier of the Third Closing and the valid termination of this Agreement in accordance with Article 8, upon the occurrence of any Acceleration Event, each Party shall reasonably cooperate with each other in good faith and do, or cause to be done, all things necessary, proper or advisable to consummate and make effective any Closing that has not yet occurred as promptly as reasonably practicable (and in any event no later than such time as may be required for the Parties to fully comply with their respective obligations under the Investor Agreements). In the case of an Acceleration Event, with agreement by the Purchaser and the Seller in writing, the Seller or the Purchaser may choose to accelerate the Second Closing and the Third Closing, as applicable, and notwithstanding the provisions in Article 2 of this Agreement, in such event the Parties would consummate the Second Closing and/or the Third Closing on a date to be mutually agreed in writing no later than 10 days from delivery of notice to accelerate.