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...
