Common use of Acceleration Trigger Event Clause in Contracts

Acceleration Trigger Event. If any Exchange Restricted Units, Individual Exchange Restricted Units or Specified Restricted Units are redeemed in exchange for Deal Consideration (as defined in the Acquiror LP Agreement) in connection with an Acceleration Trigger Event (as defined in the Acquiror LP Agreement), the Deal Consideration received by the Holders and/or Holding, as applicable, in respect of such units shall be restricted, shall be subject to forfeiture and shall be subject to release from restriction, in each case, to the same extent as the redeemed units would have been, with such restriction, forfeiture and release governed by the provisions of this Section 10.7, applied mutatis mutandis.

Appears in 2 contracts

Sources: Contribution and Exchange Agreement, Contribution and Exchange Agreement (Evercore Partners Inc.)