Payment upon Acceleration Sample Clauses

Payment upon Acceleration. If the Commitments shall be terminated or the principal of the Notes shall become immediately due and payable pursuant to Section 6.01, the Borrower shall pay to the Agent for deposit in the Segregated Collateral Account an amount equal to the aggregate amount which is then, or may thereafter become, available for drawing under all outstanding Letters of Credit.
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Payment upon Acceleration. The principal amount of, and the Make-Whole Amount, if any, on, the Notes shall be payable upon declaration of acceleration pursuant to Section 502 of the Base Indenture.
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Payment upon Acceleration. If the Commitments shall be terminated or the principal of the Notes or the Yen Notes shall become immediately due and payable pursuant to Section 7.1, each Borrower shall immediately pay to the Administrative Agent an amount in immediately available funds equal to the aggregate amount which is then, or may thereafter become, available for drawing under all outstanding Letters of Credit issued for such Borrower's account. The Administrative Agent shall hold the amount paid to it by each Borrower pursuant to this subsection (h) in a separate collateral account in the name of the Administrative Agent and shall from time to time invest and reinvest such amount, together with any interest or other income thereon, in Permitted Temporary Cash Investments (which shall also be held in such collateral account), but shall have no liability for any failure to keep such amounts so invested. Each Borrower grants to the Administrative Agent a continuing security interest in all amounts and Permitted Temporary Cash Investments held from time to time in the collateral account in which such Borrower's funds are deposited to secure such Borrower's obligations under this Section and all other amounts payable by such Borrower under this Agreement. The Administrative Agent shall apply amounts in each such collateral account in the following order of priorities: first to reimburse the relevant Issuing Banks for drawings under Letters of Credit issued for the account of such Borrower and to pay any other amounts due from such Borrower under this Section; second to pay, as promptly as practicable after all such Letters of Credit expire or are fully drawn and reimbursed, any other amounts then due and payable by such Borrower under this Agreement; and finally to pay any surplus then remaining to such Borrower.
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Payment upon Acceleration. If the Commitments shall be ------------------------- terminated or the principal of the Notes shall become immediately due and payable pursuant to Section 2.10 or 6.1, but the Administrative Agent shall not have given an Enforcement Notice (as defined in the Inventory Security Agreement) as provided in Section 6.1, the Borrower shall pay to the L/C Issuing Bank for application to drawings under any then outstanding Letters of Credit an amount equal to the aggregate amount which is then, or may thereafter become, available for drawing under such Letters of Credit. The L/C Issuing Bank shall invest such amount in Liquid Investments (as defined in the Inventory Security Agreement) at the direction of the Administrative Agent. If the Administrative Agent subsequently gives an Enforcement Notice or an event specified in clause (h) or (i) of Section 6.1 shall have occurred and be continuing with respect to the Borrower, the L/C Issuing Bank shall pay all amounts held by it pursuant to this subsection to the Collateral Agent for application pursuant to the Inventory Security Agreement. If an Enforcement Notice is not then in effect and no event specified in clause (h) or (i) of Section 6.1 shall have occurred and be continuing with respect to the Borrower, any amount so paid by the Borrower to the L/C Issuing Bank with respect to a Letter of Credit and not applied to a drawing thereunder shall be repaid to the Borrower, with interest or other income (to the extent received by the L/C Issuing Bank on the related Liquid Investments), as promptly as practicable after such Letter of Credit expires or is fully drawn.
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Payment upon Acceleration. If the Issuing Bank directs the Company pursuant to Section 7.02(a) to make the payment required by this clause (f), the Company shall pay to the Issuing Bank for application to drawings under any then outstanding Letters of Credit an amount equal to the aggregate amount which is then, or may thereafter (under any contingency) become, available for drawing under such Letters of Credit. The Issuing Bank shall invest any amount paid to it pursuant to the first sentence of this clause (f) in Temporary Cash Investments. Any amount paid by the Company to the Issuing Bank pursuant to the first sentence of this clause (f) with respect to a Letter of Credit and not applied to a drawing thereunder (together with interest or other income, to the extent received by the Issuing Bank on the related Temporary Cash Investments) shall, as promptly as practicable after such Letter of Credit expires or is fully drawn and all related Obligations (together with all interest accrued thereon, whether or not allowed or allowable as a claim in a proceeding referred to in clause (g) or (h) of Section 7.01) are paid, be applied by the Issuing Bank to pay any other amounts then due and payable by the Company hereunder. When all such amounts shall have been paid in full, the Issuing Bank shall repay the remaining balance, if any, to the Company.
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Related to Payment upon Acceleration

  • Option Acceleration One hundred percent (100%) of the shares subject to all outstanding options granted to the Employee by the Company (the “Options”) prior to the date of such termination shall immediately become vested and exercisable in full upon such 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.

  • 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.

  • Mandatory Prepayment Upon an Acceleration If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

  • Payment upon Early Termination (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

  • 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).

  • Suspension; Cancellation; Acceleration of Maturity Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations:

  • Automatic Acceleration Upon the occurrence of an Event of Default described in Section 8.01(n), 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.

  • Optional Acceleration of Maturity If any Event of Default (other than an Event of Default pursuant to paragraph (e) of Section 7.01) shall have occurred and be continuing, then, and in any such event,

  • Suspension; Acceleration of Maturity Section 5.01. The following are specified as additional events for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations:

  • Redemption; Repayment; Acceleration In the event a Discount Note is redeemed, repaid or accelerated, the amount payable to the Holder of such Discount Note will be equal to the sum of: (A) the Issue Price (increased by any accruals of Discount); and (B) any unpaid interest accrued on such Discount Note to the Maturity Date (“Amortized Face Amount”). Unless otherwise specified on the face hereof, for purposes of determining the amount of Discount that has accrued as of any date on which a redemption, repayment or acceleration of maturity occurs for a Discount Note, a Discount will be accrued using a constant yield method. The constant yield will be calculated using a 30-day month, 360-day year convention, a compounding period that, except for the Initial Period (as defined below), corresponds to the shortest period between Interest Payment Dates for the applicable Discount Note (with ratable accruals within a compounding period), a coupon rate equal to the initial coupon rate applicable to the applicable Discount Note and an assumption that the maturity of such Discount Note will not be accelerated. If the period from the date of issue to the first Interest Payment Date for a Discount Note (the “Initial Period”) is shorter than the compounding period for such Discount Note, a proportionate amount of the yield for an entire compounding period will be accrued. If the Initial Period is longer than the compounding period, then the period will be divided into a regular compounding period and a short period with the short period being treated as provided above.

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