Accelerator Sample Clauses

The "Accelerator" clause defines a mechanism by which certain contractual benefits, such as vesting of equity or payment milestones, are expedited under specific conditions. Typically, this clause applies in scenarios like a change of control, acquisition, or termination without cause, where the timeline for receiving benefits is shortened. Its core practical function is to protect the interests of the beneficiary by ensuring they receive agreed-upon benefits sooner if triggering events occur, thereby mitigating the risk of losing out due to unforeseen changes in the business relationship.
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Accelerator. If the Company’s Adjusted EBITDA was at least $_________ for the twelve (12) month period ending _________, 20___, then one-half of the Restricted Shares identified in subsection 3(a) above shall become vested on the first anniversary of the Grant Date. To the extent the vesting for these Restricted Shares is accelerated as provided in this subsection, those shares shall be subtracted from the number of shares identified in subsection 3(a) above.
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Accelerator. The floor mounted accelerator pedal shall be 10 to 12 inches long and 3 to 4 inches wide. The angle of the accelerator pedal shall be determined from a horizontal plane regardless of the slope of the cab floor. The accelerator pedal shall be positioned at an angle of 44 to 50° at the point of initiation of contact, and extend downward to an angle of 18-22° at full throttle. The force to depress the accelerator pedal shall be measured at the midpoint of the accelerator. The accelerator force shall be no less than 7 foot-pounds and no more than 9 foot-pounds.
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Accelerator. If you have qualifying OnApp Software the OnApp Accelerator will be enabled by default. You acknowledge that the OnApp Accelerator requires the use of the OnApp CDNaaS and Capacity procured by OnApp from the Marketplace. Use of the OnApp Accelerator does not itself incur charges, but any usage by you of the OnApp CDN Stack or OnApp CDNaaS itself will be chargeable in accordance with Clause 3.3 and Clause 5.
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Accelerator. If Indirect Tax Accelerator for SAP ERP (“Accelerator”) is selected on a Cloud Services Order executed by Vertex, Vertex grants You for the duration of the Initial Term and all Renewal Terms in effect under such Order a limited, non-exclusive, non-transferable right and license to execute Accelerator solely for its own internal use in connection with the tax decision- making functions performed by its SAP software and utilizing the specified Services in accordance with the terms of this Agreement and the applicable Cloud Services Order. You may use Accelerator on only one (1) production SAP instance and directly associated sandbox, development, and test SAP instances. You shall have no right or license to sublicense or otherwise sell, distribute, transfer or assign Accelerator or the license granted herein. Except for the license granted herein, You acknowledge that Vertex and its licensor, LCR-▇▇▇▇▇, retain all right, title and interest in and to Accelerator, including but not limited to, full ownership of and title to Accelerator, all rights in the patents, copyrights, proprietary marks, trade secrets and other intellectual property rights associated with Accelerator. You further acknowledge that Accelerator is licensed to You hereunder and is not sold. You shall not, directly or indirectly, take any action that exceeds the scope of the license granted herein or that is inconsistent with such license.
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Related to Accelerator

  • Acceleration (a) If any Event of Default (other than those of the type in clause ‎‎(g) or ‎‎(h) of ‎Section 7.01 with respect to the Company or, prior to the Fall-Away Event, Parent) occurs and is continuing, the Trustee or the Holders of at least 30% in outstanding aggregate principal amount of then outstanding Notes may, declare the principal of all the Notes, together with all accrued and unpaid interest, premium, if any, to be due and payable by notice in writing to the Company and the Trustee specifying the respective Event of Default and that such notice is a notice of acceleration, and the same shall become immediately due and payable. (b) If an Event of Default of the type referred to in clause ‎‎(g) or ‎‎(h) of ‎Section 7.01 relating to the Company or, prior to the Fall-Away Event, Parent occurs and is continuing, then such amount with respect to all the Notes shall become due and payable immediately without any declaration or other act on the part of the Trustee or any Holder. (c) Holders of a majority in aggregate principal amount of the then outstanding Notes by written notice to the Trustee may on behalf of the Holders of all of the Notes rescind any acceleration and its consequences with respect to the Notes; provided (i) such rescission would not conflict with any judgment of a court of competent jurisdiction and (ii) all sums paid or advanced by the Trustee under the Indenture and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and its counsel have been paid. (d) The trustee shall not be deemed to have notice of any Default or Event of Default (other than a payment default) unless a written notice of default is received by a Responsible Officer of the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Notes and the Indenture and states that it is a notice of default. (e) In the event of a declaration of acceleration of the Notes because an Event of Default described in clause ‎(e) of ‎Section 7.01 has occurred and is continuing, the declaration of acceleration of the Notes shall be automatically annulled if the event of default or payment default triggering such Event of Default pursuant to clause ‎(e) of ‎Section 7.01 shall be remedied or cured, or waived by the holders of the Debt, or the Debt that gave rise to such Event of Default shall have been discharged in full and if (i) the annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction and (ii) all existing Events of Default, except nonpayment of principal, premium or interest on the Notes that became due solely because of the acceleration of the Notes, have been cured or waived. (f) If a Default for a failure to report or failure to deliver a required certificate in connection with another default (the “Initial Default”) occurs, then at the time such Initial Default is cured, such Default for a failure to report or failure to deliver a required certificate in connection with another default that resulted solely because of that Initial Default shall also be cured without any further action. Any Default or Event of Default for the failure to comply with the time periods prescribed in ‎Section 4.11 or otherwise to deliver any notice or certificate pursuant to any other provision of this Indenture shall be deemed to be cured upon the delivery of any such report required by such covenant or such notice or certificate, as applicable, even though such delivery is not within the prescribed period specified in this Indenture.

  • Acceleration, Etc Upon the occurrence of any Event of Default described in the foregoing Section 10.1(e) or 10.1(f), the Loan shall automatically and immediately terminate and the unpaid principal amount of and any and all accrued interest on the Loan shall automatically become immediately due and payable, with all additional interest from time to time accrued thereon and without presentment, demand or protest or other requirements of any kind (including, without limitation, valuation and appraisement, diligence, presentment, notice of intent to demand or accelerate or notice of acceleration), all of which are hereby expressly waived by Borrower, and the obligations of Lender to make any further disbursement of the Loan shall thereupon terminate; and upon the occurrence and during the continuance of any other Event of Default, Lender may, by written notice to Borrower, (i) declare that the Loan is terminated, whereupon the Loan and the obligation of Lender to make any further disbursement of the Loan shall immediately terminate, and/or (ii) declare the unpaid principal amount of, any and all accrued and unpaid interest on the Loan and all of the other Obligations to be, and the same shall thereupon be, immediately due and payable with all additional interest from time to time accrued thereon and without presentment, demand, or protest or other requirements of any kind (including without limitation, valuation and appraisement, diligence, presentment, notice of intent to demand or accelerate and of acceleration), all of which are hereby expressly waived by Borrower. Without limiting Lender’s authority hereunder, on or after the Maturity Date, Lender may exercise any or all rights and remedies under the Loan Documents or applicable law, including, without limitation, foreclosure upon the Property or any additional collateral.

  • Optional Acceleration Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(ix) or 7.01(A)(x) with respect to the Company and not solely with respect to a Significant Subsidiary of the Company) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding to become due and payable immediately.

  • Option Acceleration One hundred percent (100%) of the shares subject to all Options granted to the Employee by the Company prior to the Change of Control shall immediately become vested and exercisable in full upon such Involuntary Termination. Following such acceleration, the Options shall continue to be subject to the terms and conditions of the Company’s stock option plans and the applicable option agreements between the Employee and the Company.

  • Premium Payment The Bank shall pay any premiums due on the Policy.