Common use of Annulment of Acceleration Clause in Contracts

Annulment of Acceleration. If a declaration is made in accordance with paragraph 6(a), then and in every such case, the Holder or Holders of at least 50.1% in aggregate principal amount of outstanding Notes may, by an instrument delivered to the Company, annul such declaration and the consequences thereof, provided that at the time such declaration is annulled:

Appears in 5 contracts

Samples: BioMETRX, Fermavir Pharmaceuticals, Inc., BioMETRX

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Annulment of Acceleration. If a declaration is made in accordance with paragraph 6(a)Section 8.2, then and in every such case, the Holder or Holders holders of at least 50.166 2/3% in aggregate of the outstanding principal amount of outstanding the Notes may, by an instrument delivered to the Company, annul such declaration and the consequences thereof, provided that at the time such declaration is annulled:

Appears in 4 contracts

Samples: Securities Purchase Agreement (Healthcare Capital Partners Lp), Securities Purchase Agreement (Krauses Furniture Inc), Securities Purchase Agreement (General Electric Capital Corp)

Annulment of Acceleration. If a declaration is made in accordance with paragraph 6(a)Section 7.2, then and in every such case, the Holder or Holders holders of at least 50.1% in aggregate a majority of the outstanding principal amount of outstanding the Notes may, by an instrument delivered to the Company, annul such declaration and the consequences thereof, provided that at the time such declaration is annulled:

Appears in 1 contract

Samples: Securities Purchase Agreement (Recovery Engineering Inc)

Annulment of Acceleration. If a declaration is made in accordance with paragraph 6(a)Section 8.2, then and in every such case, the Holder or Holders holders of at least 50.166 2/3% in aggregate of the outstanding principal amount of outstanding the Notes may, by an instrument delivered to the Company, annul such declaration and the consequences thereof, provided that that, at the time such declaration is annulled:

Appears in 1 contract

Samples: Securities Purchase Agreement (America Service Group Inc /De)

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Annulment of Acceleration. If a declaration is made in accordance ------------------------- with paragraph 6(a)Section 7.2, then and in every such case, the Holder or Holders holders of at least 50.1% in aggregate sixty-six and two-thirds percent (66-2/3%) of the outstanding principal amount of outstanding the Notes may, by an instrument delivered to the Company, annul such declaration and the consequences thereof, provided that at the time such declaration is annulled:

Appears in 1 contract

Samples: Securities Purchase Agreement (Gensia Sicor Inc)

Annulment of Acceleration. If a declaration is made in accordance with paragraph 6(a)Section 9.1, then and in in-every such case, the Holder or Holders of at least 50.1% in aggregate principal amount of outstanding Notes may, by an instrument delivered to the Company, annul such declaration and the consequences thereof, provided that at the time such declaration is annulled:

Appears in 1 contract

Samples: Arkados Group, Inc.

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