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 Section 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) occurs and is continuing, then the Trustee (acting at the direction of the Required Holders), 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, and any Applicable Premium that has become due, on, all of the Notes then outstanding to become due and payable immediately.

Appears in 2 contracts

Sources: Indenture (Biora Therapeutics, Inc.), Indenture (Biora Therapeutics, Inc.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(ix) 7.01(A)(viii), 7.01(A)(x), 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 CompanyCompany or any Guarantor) occurs and is continuing, then the Trustee (acting at the direction of the Required Holders)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, and any Applicable Premium that has become due, interest on, all of the Notes then outstanding to become due and payable immediately.

Appears in 2 contracts

Sources: Indenture (Getaround, Inc), Convertible Note Subscription Agreement (InterPrivate II Acquisition Corp.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(ix) or 7.01(A)(x) with respect to the Company or any either Guarantor and not solely with respect to a Significant Subsidiary of the CompanyCompany or a Guarantor, other than the Company or the other Guarantor) occurs and is continuing, then the Trustee (acting at the direction of the Required Holders)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, and any Applicable Premium that has become due, interest on, all of the Notes then outstanding to become due and payable immediately.

Appears in 2 contracts

Sources: Indenture (Sabre Corp), Indenture (Sabre Corp)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in 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 CompanyCompany or a Significant Subsidiary of the Guarantor) occurs and is continuing, then the Trustee (acting at the direction of the Required Holders)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, and any Applicable Premium that has become dueif any, on, all of the Notes then outstanding to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Spotify Technology S.A.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(ix7.01(A) (viii) or 7.01(A)(x7.01(A)(ix) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the CompanyCompany or a Guarantor, other than the Company or such Guarantor) occurs and is continuing, then the Trustee (acting at the direction of the Required Holders)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 written notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest, and any Applicable Premium that has become due, interest on, all of the Notes then outstanding to become due and payable immediately.. Table of Contents

Appears in 1 contract

Sources: Indenture (Magnite, Inc.)

Optional Acceleration. Subject to Section ‎Section 7.03, if an Event of Default (other than an Event of Default set forth in Section ‎Section 7.01(A)(ix) or 7.01(A)(x‎7.01(A)(x) with respect to the Company or any Guarantor and not solely with respect to a Significant Subsidiary of the Company) occurs and is continuing, then the Trustee (acting at the direction of the Required Holders), 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, and any Applicable Premium that has become due, on, all of the Notes then outstanding to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Biora Therapeutics, Inc.)

Optional Acceleration. Subject to Section ‎Section 7.03, if an Event of Default (other than an Event of Default set forth in Section ‎Section 7.01(A)(ix) or 7.01(A)(x‎7.01(A)(x) with respect to the Company or any the Parent Guarantor and not solely with respect to a Significant Subsidiary of the Company or of the Parent Guarantor (other than the Company)) occurs and is continuing, then the Trustee (acting at the direction of the Required Holders)Trustee, by notice to the Company, or Holders of at least twenty five thirty percent (2530%) 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 interestinterest on, and any Applicable Premium that has become due, on, all of the Notes then outstanding to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Hertz Corp)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(ix7.01(A)(x) or 7.01(A)(x7.01(A)(xi) with respect to the Company or any the Parent Guarantor and not solely with respect to a Significant Subsidiary of the Parent Guarantor (other than the Company)) occurs and is continuing, then the Trustee (acting at the direction of the Required Holders)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, and any Applicable Premium that has become due, interest on, all of the Notes then outstanding to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Pagaya Technologies Ltd.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(ix) 7.01(A)(x), Section 7.01(A)(viii), 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 CompanyCompany or any Guarantor) occurs and is continuing, then the Trustee (acting at the direction of the Required Holders)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, and any Applicable Premium that has become due, interest on, all of the Notes then outstanding to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (Vertical Aerospace Ltd.)

Optional Acceleration. Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(ix) or 7.01(A)(x) with respect to the Company Company, any Guarantor that is a Significant Subsidiary of the Company, or any Guarantor and not solely with respect to group of Guarantors that, taken together, would constitute a Significant Subsidiary of the Company) occurs and is continuing, then the Trustee (acting at the direction of the Required Holders)Trustee, by notice to the Company, or Holders of at least twenty five -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 any Applicable Premium that has become due, interest on, all of the Notes then outstanding to become due and payable immediately.

Appears in 1 contract

Sources: Indenture (NRG Energy, Inc.)