Acceleration Events definition
Examples of Acceleration Events in a sentence
For purposes of this Agreement, an “Acceleration Event” shall mean the first to occur of any of the following: (i) a Change in Control (as defined below); or (ii) the Participant incurs a termination of his or her position as a director of the Company that is a Without Cause Termination (as such term is defined below); provided, that, in the case of the Acceleration Events described in clause (i) above, the Participant has not occurred the termination described in clause (ii) above.
Unless otherwise specified on the face hereof, the events that constitute Acceleration Events with respect to this Note shall be as set forth in the Indenture.
The Securities are not subject to redemption at the option of the Company or at the option of the Holder prior to maturity; however, if certain Acceleration Events shall have occurred and be continuing, the maturity of the Securities will be accelerated to the Accelerated Maturity Date pursuant to the terms of the Indenture.
Unless otherwise specified in an applicable Pricing Supplement, the events that constitute Acceleration Events with respect to Debt Obligations evidenced by this Master Global Note shall be as set forth in the Indenture.
Upon verifying the occurrence of any of the Acceleration Events and/or as from the Vesting Date, in both cases subject to the provisions of Article Six, the Manager’s Warrants shall be exercisable, either fully or in part, during the whole Effective Term (the “Vested Warrants”).
The foregoing provisions of this Section 16 shall similarly apply to successive Acceleration Events.
The following items (a)-(i) shall constitute "Acceleration Events" under this Note.
The Manager’s Warrants that are not Vested Warrants as of the date of death, Absence or disability shall be automatically reallocated among the other Managers in proportion to their respective interests in the total number of Warrants, and shall be exercisable by them always provided that on the respective Vesting Date or before such date upon the occurrence of one or more Acceleration Events, subject to the provisions of Section 6.3. , the conditions precedent set forth in Section 6.1. have been met.
For purposes of this Agreement, an “Acceleration Event” shall mean the first to occur of any of the following: (i) a Change in Control (as defined below); or (ii) the Participant incurs a termination of his position as a director of the Company that is a Without Cause Termination (as such term is defined below); provided, that, in the case of the Acceleration Events described in clause (i) above, the Participant has not occurred the termination described in clause (ii) above.
For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Security Agent shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Security Agent shall have entered into such an agreement all Acceleration Events shall have been remedied and the Secured Obligations paid in full.