Common use of Optional Acceleration Clause in Contracts

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Sections 7.01(A)(ix) or 7.01(A)(x) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the Company or any Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty-five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding to become due and payable immediately.

Appears in 3 contracts

Sources: Indenture (Boxed, Inc.), Indenture (Seven Oaks Acquisition Corp.), Indenture (MultiPlan Corp)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Sections 7.01(A)(ixSection 7.01(A)(xi) or 7.01(A)(x7.01(A)(xii) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the Company or any GuarantorCompany) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty-twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company Company, the Trustee and the Collateral Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding (subject to the Trustee and the Collateral Trustee being indemnified and/or secured and/or pre-funded to its satisfaction) to become due and payable immediately.

Appears in 3 contracts

Sources: Indenture (Maxeon Solar Technologies, Ltd.), Indenture (Maxeon Solar Technologies, Ltd.), Indenture (Maxeon Rooster HoldCo, Ltd.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Sections 7.01(A)(ixSection 7.01(A)(x) or 7.01(A)(x7.01(A)(xi) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the Company or any Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty-twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount Accreted Principal Amount of, and all accrued and unpaid interest on, all of the Notes then outstanding to become due and payable immediately.

Appears in 2 contracts

Sources: First Supplemental Indenture (Nogin, Inc.), Indenture (Nogin, Inc.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Sections 7.01(A)(ixSection 7.01(A)(x) or 7.01(A)(x7.01(A)(xi) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the Company or any Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty-twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding to become due and payable immediately.

Appears in 2 contracts

Sources: First Supplemental Indenture (Centennial Resource Development, Inc.), Indenture (Realogy Group LLC)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Sections 7.01(A)(ixSection 7.01(A)(x) or 7.01(A)(x7.01(A)(xi) with respect to the Company or any the Guarantor and not solely with respect to a Significant Subsidiary of the Company or any Guarantorof the Guarantor (other than the Company)) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty-twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest on, and the Maturity Premium, if any, in respect of, all of the Notes then outstanding to become due and payable immediately.

Appears in 2 contracts

Sources: Indenture (Rexford Industrial Realty, Inc.), Indenture (Rexford Industrial Realty, Inc.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Sections Section 7.01(A)(ix) or Section 7.01(A)(x) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the Company or any Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty-twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (CNX Resources Corp)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Sections 7.01(A)(ixSection 7.01(A)(xii) or 7.01(A)(x7.01(A)(xiii) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the Company or any Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty-twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest (and, if, and only if, a Requisite Stockholder Approval Failure has occurred, the Applicable Premium) on, all of the Notes then outstanding to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Gastar Exploration Inc.)

Optional Acceleration. Subject to Section 7.038.03, if an Event of Default (other than an Event of Default set forth in Sections 7.01(A)(ixSection 8.01(A)(xii) or 7.01(A)(xSection 8.01(A)(xii) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the Company or any GuarantorCompany) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twentythirty-five percent (2535%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Independence Contract Drilling, Inc.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Sections 7.01(A)(ixSection 7.01(A)(x) or 7.01(A)(x7.01(A)(xi) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the Company or any GuarantorCompany) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty-twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount Accreted Principal Amount of, and all accrued and unpaid interest on, all of the Notes then outstanding to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Software Acquisition Group Inc. III)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Sections Section 7.01(A)(ix) or 7.01(A)(x) with respect to the Company or any Guarantor Holdings and not solely with respect to a Significant Subsidiary of the Company or any Guarantorof Holdings (other than the Company)) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty-twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest on, and all of the Notes then outstanding to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (SB/RH Holdings, LLC)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Sections Section 7.01(A)(ix) or 7.01(A)(x) with respect to the Company or any the Guarantor and not solely with respect to a Significant Subsidiary of the Company or any the Guarantor) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty-twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding to become due and payable immediately.

Appears in 1 contract

Sources: First Supplemental Indenture (American Airlines, Inc.)