Payment Acceleration Event definition
Payment Acceleration Event means the occurrence, prior to December 31, 2000 of (i) a merger, consolidation, combination, reorganization or other transaction involving MergerSub that results in less than 80% of the combined voting power of the surviving or resulting entity being owned directly or indirectly by Parent, or the sale, transfer or other disposition of all or substantially all of the assets or business of MergerSub other than to Parent or a controlled affiliate of Parent; (ii) the acquisition (whether by merger, consolidation, combination, reorganization or other transaction) by Parent or any controlled affiliate of Parent of any company engaged in the internet traffic-driving business and having annualized revenues from such activity (based upon such acquired company's actual revenues during the calendar quarter immediately preceding such acquisition) of $5 million or more; or (iii) the breach by Parent of its obligations under Section 7.1 hereof
Payment Acceleration Event has the meaning set forth in Section 10.5.
Payment Acceleration Event means a Change of Control.
Examples of Payment Acceleration Event in a sentence
Such an Acceleration Event shall be referred to as a Payment Acceleration Event.
The Maker may cure a Payment Acceleration Event by paying all amounts of interest and principal due as of the Payment Acceleration Event within one hundred eighty days (180) days after the date of the Payment Acceleration Event.
On or at any time after the occurrence of a Payment Acceleration Event, Seller may by notice to Buyer declare that all or part of the outstanding BLA Approval Payments, together with accrued interest, and all other amounts accrued or outstanding under this Agreement be due and payable, at which time they shall become due and payable [***].