Optional Acceleration Exchange Date Clause Samples
Optional Acceleration Exchange Date. The settlement for an Optional Acceleration (such date of settlement referred to as an “Optional Acceleration Date”) will be accelerated to a Trading Day between the first Trading Day and the fourth Trading Day, at the Shareholder’s election, following the five Trading Day period immediately following the Optional Acceleration Notice Date; provided that the Shareholder must elect the same Optional Acceleration Date elected by each other Shareholder. In the event of an Optional Acceleration, Collateral Agent shall deliver to Purchaser, no later than 12:00 p.m. New York City time on the Optional Acceleration Date, the Exchange Amount as set forth below.
Optional Acceleration Exchange Date. The settlement with respect to the accelerated portion for an Optional Acceleration (such date of settlement referred to as an “Optional Acceleration Date”) will be accelerated to (i) in the case of an Optional Acceleration that is not a Tax Event Acceleration and with respect to which Shareholder has not made any Cash Settlement election, the fourth Business Day following the Optional Acceleration Notice Date, (ii) in the case of a Tax Event Acceleration with respect to which Shareholder has not made any Cash Settlement election, the fourth Business Day following the fifth Trading Day immediately following the Optional Acceleration Notice Date or (iii) in any other case, the fourth Business Day following the last Trading Day of the Optional Acceleration Valuation Period. In the event of an Optional Acceleration, Shareholder shall deliver to Purchaser, no later than the Business Day immediately prior to the Optional Acceleration Date, the Exchange Amount for each Trust Security then outstanding as set forth below.