Automatic Advanced Maturity Sample Clauses

Automatic Advanced Maturity. ▇.▇.▇. ▇▇ compliance with Clause 5.2.1 below, regardless of notice, interpellation or extrajudicial notification, or even the General Meeting of Debenture Holders or the Special Meeting of CRA Holders, all obligations contained herein will be considered to have matured in advance, for which reason the Issuer will be required to full payment, with respect to all Debentures, of the Updated Unit Face Value, plus the Remuneration, calculated pro rata temporis, from the first Payment Date, or the last Remuneration Payment Date, until the effective redemption date, and no premium or application of a discount rate is due, in the following cases: (i) breach, by the Issuer, of any pecuniary obligation related to the Debentures, not remedied within 2 (two) Business Days counted from its maturity; (ii) request for judicial reorganization, regardless of the granting of its processing by the competent court, or submission to any creditor or class of creditors of a request for negotiation of an extrajudicial reorganization plan, formulated by the Issuer and/or any of its subsidiaries, regardless of whether judicial approval of the referred plan was required; (iii) extinction, liquidation, dissolution, insolvency, request for self- bankruptcy, bankruptcy filing made by third parties and not eliminated within the legal term or bankruptcy decree of the Issuer and/or any of its subsidiaries; (iv) declaration of early maturity of any operation within the financial and capital markets, in Brazil and/or abroad, not remedied within the respective cure period, by the Issuer and/or any of its subsidiaries or affiliates (including any issuances of debentures), either as a party or as guarantor, in an individual or aggregate amount equal to or greater than BRL 125,000,000.00 (one hundred and twenty-five million Brazilian Reais), updated annually, as of the Issue Date, by the variation of the IPCA, or equivalent amount in other currencies, provided that, upon full payment of the Issuer's current debts that provide for a threshold lower than or equal to that provided above, such amount will be automatically increased to BRL 200,000,000.00 (two hundred million Brazilian Reais); (v) default of any operation within the scope of the financial and capital (vi) Issuer's share capital reduction, except if: (a) performed with the objective of absorbing losses, pursuant to Article 173 of the Brazilian Corporations Law; or (b) previously authorized, expressly and in writing, by the Debenture H...
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Related to Automatic Advanced Maturity

  • Payment on Maturity Date Borrower shall pay to Lender on the Maturity Date the outstanding principal balance of the Loan, all accrued and unpaid interest and all other amounts due hereunder and under the Note, the Mortgage and the other Loan Documents.

  • Final Maturity The Stated Maturity Date for any Note will be the date so specified in the Supplement, which shall be no later than 397 days from the date of issuance. On its Stated Maturity Date, or any date prior to the Stated Maturity Date on which the particular Note becomes due and payable by the declaration of acceleration, each such date being referred to as a Maturity Date, the principal amount of each Note, together with accrued and unpaid interest thereon, will be immediately due and payable.

  • Final Maturity Date 19 Fitch .....................................................................................19

  • Maturity Date This Agreement shall continue in effect until the maturity date set forth on the Schedule (the "Maturity Date"), subject to Section 6.3 below.

  • Automatic Acceleration of Maturity If any Event of Default pursuant to Section 7.1(g) shall occur: (a) the obligation of each Lender to make Advances and the obligation of the Issuing Lender to issue Letters of Credit shall immediately and automatically be terminated and the Obligations, the Notes, all interest on the Notes, and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by each of the Credit Parties, (b) the Borrower shall, on demand of the Administrative Agent at the request or with the consent of the Majority Lenders, deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to the outstanding Letter of Credit Exposure as security for the Secured Obligations to the extent the Letter of Credit Obligations are not otherwise paid or Cash Collateralized at such time, and (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Lenders proceed to enforce its rights and remedies under the Security Documents, the Guaranties, or any other Credit Document for the ratable benefit of the Secured Parties by appropriate proceedings.