Non-Acceleration Clause Samples

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Non-Acceleration. The execution and performance of this Agreement will not (i) constitute a stated triggering event under any Benefit Plan that will result in any payment (whether of severance pay or otherwise) becoming due from the Company to any officer, employee or former employee (or dependents of such employee), or (ii) accelerate the time of payment or vesting, or increase the amount of compensation due to any employee, officer or director of the Company, except for vesting of benefits under a Pension Plan that may occur if any such Pension Plan is terminated or partially terminated.
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Non-Acceleration. The obligations of the City to make Installment Payments is not subject to acceleration.
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Non-Acceleration. Notwithstanding any other provision in this Agreement, no party, either individually or jointly, may accelerate the payment (in time or schedule) of any amount deferred by this Agreement, unless such acceleration is permitted by Section 409A.
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Non-Acceleration. (a) Subject to paragraph (b) below, prior to the earlier of: (i) the date on which the Agent determines, acting reasonably, that the Transaction has been terminated or will not be completed, (ii) March 31, 2010, if the Definitive Agreement (as that term is defined in the Binding Letter of Intent) and any other documents necessary to effect the Transaction (together “Definitive Agreements”) (in form and substance satisfactory to the Agent, acting reasonably) have not been executed by this date, and (iii) September 30, 2010 (the relevant date being the “Standstill End Date”), the Agent hereby agrees not to make demand, accelerate payment of the Secured Moneys, enforce any Security or enforce any other remedies set out in clause 13.2 or 13.5 of the PFA unless and until an Override Event has occurred and is continuing. An “Override Event” means any event described in Schedule “B” hereto. (c) For the avoidance of doubt, on and from the Standstill End Date, the Agent is permitted to make demand, accelerate payment of the Secured Moneys, enforce any Security or enforce any other remedies set out in clause 13.2 or 13.5 of the PFA as a result of any Event of Default or Review Event (in each case that has occurred and is continuing on the Standstill End Date), regardless of whether it initially occurred prior to the date hereof, between the date hereof and the Standstill End Date, or following the Standstill End Date. (d) For the purposes of this letter of consent, the Transaction shall be “completed” upon the date (“Transaction Completion Date”) on which it is consummated in accordance with its terms.
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Related to Non-Acceleration

  • 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.

  • Vesting Acceleration Effective on such termination, the Executive shall receive accelerated vesting equivalent to six (6) months of service beyond the date of Executive’s termination with respect to the shares subject to any grant of restricted stock or stock options (each, an “Equity Grant”) granted to the Executive, regardless of whether granted prior to, coincident with, or after, the Effective Date; provided, however, that in the event such termination occurs within one (1) year following a Change of Control, then one hundred percent (100%) of the remaining shares subject to each such Equity Grant shall become vested in full and the period during which the Executive is permitted to exercise (if applicable) any such Equity Grant shall be extended until the earlier of (i) ten (10) years from the date of grant, or (ii) the expiration date of such Equity Grant (as of the date of grant).

  • Automatic Acceleration Upon the occurrence of an Event of Default described in Section 8.01(l) or Section 8.01(m) the Facility shall be automatically terminated and the Loans and all other Obligations shall be immediately due and payable upon the occurrence of such event, without demand or notice of any kind.

  • Cross-Acceleration Any Financial Indebtedness of any Group Company is not paid when due as extended by any originally applicable grace period, or is declared to be due and payable prior to its specified maturity as a result of an event of default (however described), provided that no Event of Default will occur under this Clause 15.4 if the aggregate amount of Financial Indebtedness is less than SEK 5,000,000 and provided that it does not apply to any Financial Indebtedness owed to a Group Company.

  • 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.