Option to Accelerate Sample Clauses

Option to Accelerate. The seller may by written notice to the buyer demand that the buyer immediately pay all amounts due under this invoice in the event of the insolvency, bankruptcy, reorganization, receivership, or liquidation by the buyer or if the seller believes in good faith that the prospect of the buyer paying those amounts has or is likely to be impaired. By accepting the Products, the buyer is representing that it is not then insolvent within the meaning of Article 2 of the Enterprise Bankruptcy Law of the People's Republic of China. 加速权：如果买方发生破产，资不抵债，重组，接管或清算或卖方善意地相信买方支付该等金额的能力将会受到损坏，卖方可以书面通知买方立即支付本单据下的所有应付款项。 通过接受本产品，买方声明其并未根据《中华人民共和国企业破产法》第 2 条的规定处于无法清偿到期债务的状态。
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Option to Accelerate. If (i) any of the events described in Sections 34, 35, 36 and 37 above shall occur so that the Bank shall incur any Reserve Costs, Capital Adequacy Costs or Change in Law Costs, or (ii) any change in any applicable Law increases the costs to the Bank with respect to the Deposit Account, the Accrued Interest Deposit Account, the Guaranty, this Agreement, the Loan or the Loan Agreement, then, unless the Bank has been paid the additional amounts as required by this Agreement, then the Bank, in its sole discretion, may exercise it rights and remedies under Section 8 of this Agreement. Additionally, if in the opinion of the Bank the continued granting of the Loan or maintenance of the Deposit Account becomes unlawful, then the Bank, in its sole discretion, may exercise it rights and remedies under Section 8 of this Agreement.
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Option to Accelerate. The Seller may by written notice to the Buyer demand that the Buyer immediately pay all amounts due under this Quote in the event of the insolvency, bankruptcy, reorganization, receivership, or liquidation by the Buyer or if the Seller believes in good faith that the prospect of the Buyer paying those amounts has or is likely to be impaired. By accepting the Products, the Buyer is representing that it is not then insolvent within the meaning of Xxxxx 00, Xxxxxx Xxxxxx Code, or any similar federal or state law.
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Option to Accelerate. Either PATRIOT or JOM may, by written notice to the Buyer, demand that the Buyer immediately pay all amounts due to PATRIOT if PATRIOT believes in good faith that the prospect of the Buyer paying those amounts has been impaired. By accepting the Products, the Buyer represents that it is not then insolvent within the meaning of Xxxxx 00, Xxxxxx Xxxxxx Code, or any similar federal or state law.
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Option to Accelerate. The seller may by written notice to the buyer demand that the buyer immediately pay all amounts due under this invoice in the event of the insolvency, bankruptcy, reorganization, receivership, or liquidation by the buyer or if the seller believes in good faith that the prospect of the buyer paying those amounts has or is likely to be impaired. By accepting the Products, the buyer is representing that it is not then insolvent within the meaning of Title 11, United States Code (or any similar federal or state law), or any equivalent Law in the applicable jurisdiction for sales made outside of the United States.
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Option to Accelerate. JOM may, by written notice to the Buyer, demand that the Buyer immediately pay all amounts due to JOM if XXX believes in good faith that the prospect of the Buyer paying those amounts has been impaired. By accepting the Products, the Buyer represents that it is not then insolvent within the meaning of Title 11, United States Code, or any similar federal or state law.
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Option to Accelerate. The seller may by written notice to the buyer demand that the buyer immediately pay all amounts due under this invoice in the event of the insolvency, bankruptcy, reorganization, receivership, or liquidation by the buyer or if the seller believes in good faith that the prospect of the buyer paying those amounts has or is likely to be impaired. By accepting the Products, the buyer is representing that it is not then insolvent within the meaning of Title 11, United States Code (or any similar federal or state law), or any equivalent Law in the applicable jurisdiction for sales made outside of the United States. 加速選擇權。 若買方有無力償換債務、宣告破產、重組、被接管或清算之情形，或賣方善意認為買方已無法或未來可能無法支付該等款項時，賣方得以書面通知要求買方立即支付所有本單據到期應付之款項。買方接受本產品代表買方已聲明其並無美國法典第 11 卷（或任何類似之聯邦法或州法）或適用在美國以外地區管轄地之任何對等法令所定義之無力償還債務狀況。
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Related to Option to Accelerate

  • Committee Discretion to Accelerate Vesting Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accelerated vesting of the Option at any time and for any reason.

  • Option Acceleration One hundred percent (100%) of the shares subject to all Options granted to the Employee by the Company prior to the Change of Control shall immediately become vested and exercisable in full upon such Involuntary 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.

  • Stock Acceleration If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, (a) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full and will no longer be subject to a right of repurchase by the Company and (b) each outstanding restricted stock award shall be deemed to be fully vested and will no longer be subject to a right of repurchase by the Company.

  • Acceleration of Option Notwithstanding any other provision of this Agreement to the contrary, the Option granted hereby shall become immediately exercisable upon the occurrence of a Change in Control (as hereinafter defined) of the Corporation if Optionee is an employee of the Corporation or any of its subsidiaries on the date of the consummation of such Change in Control. For purposes of this Section 4.2, a “Change in Control” means the occurrence of any of the following events:

  • 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).

  • Acceleration of Options One hundred (100%) percent of the Executive’s outstanding, unvested options, restricted stock and/or equity awards (“Equity Awards”) shall, immediately prior to the consummation of the Change in Control, become fully and immediately vested to the extent not already so provided under the terms of such Equity Awards; provided, however, that if the acquirer in a Change in Control grants Equity Awards having (in the reasonable opinion of the Board) a value at least equal to the value of Executive’s then-unvested Company Equity Awards, then 50% of the Executive’s outstanding, unvested Company Equity Awards shall become fully and immediately vested immediately prior to the consummation of the Change in Control (and the remaining 50% shall terminate upon the consummation of the Change in Control). Notwithstanding any provisions of the stock option plan or stock option agreement pursuant to which any stock options subject to the preceding sentence were granted, the Executive shall be entitled to exercise such Equity Awards until three years from the date of termination of employment or the expiration of the stated period of the Equity Award, whichever period is the shorter.

  • Vesting and Exercisability of Option The Option shall vest, and may be exercised, with respect to the Shares as set forth in the Optionee Statement attached hereto and made a part hereof, subject to earlier termination of the Option as provided in Sections 1.4 and 6 hereof or in the Plan. The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

  • Acceleration of Exercisability of Option Notwithstanding anything to the contrary in this Agreement, including, without limitation, the forfeiture provision contained in the last sentence of Section 3 hereof, in the event that (a) there is a “Change in Control” (as defined in Section 9 of the Plan) that occurs prior to the termination of the Option pursuant to Section 6 hereof, and (b) during the period beginning 2 months prior to such Change in Control and ending 12 months following such Change in Control, either (x) the Company terminates the Optionee’s employment without Cause, or (y) the Optionee terminates his employment due to a “Constructive Termination” (as defined in that certain Second Amended and Restated Employment Agreement, dated as of September 14, 2012, by and between the Company and the Optionee, or in any superseding employment, consulting, or other agreement for the performance of services between the Company and the Optionee), then the Option shall be accelerated so that 100% of the number of Shares subject to the Option not already vested pursuant to Section 3 hereof as of the date of such termination shall become vested and immediately exercisable.

  • Cumulative Exercisability To the extent that the Option is vested and exercisable, the Grantee has the right to exercise the Option (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the Option.

  • Discretionary Acceleration Notwithstanding any other provisions of this Agreement to the contrary, the Committee may, in its sole discretion, declare at any time that the Option shall be immediately exercisable.

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