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 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.
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.
After all such Acceleration Events are revoked or otherwise cease to be continuing, the Security Agent will promptly repay to each Grantor (without interest) all dividends, interest, principal or other distributions that such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (1)(c) of this Section 2.05 and that remain in such account.
Notwithstanding the Section 5(d), solely for purposes of this Section 5, if the Participant’s Service is terminated by the Company without Cause within six months prior to the end of the Performance Period or the occurrence of any of the Acceleration Events described in Section 4(a)(i), (ii), or (iii)), the Participant shall be deemed to have remained in Service continuously until such Payout Event.