RIGHT OF ACCELERATION Sample Clauses

RIGHT OF ACCELERATION. Upon the occurrence of any Event of Default and at any time thereafter, in addition to any other rights and remedies available to Allegro hereunder, Allegro may declare the entire principal amount of the Loan and all accrued and unpaid interest to be immediately due and payable, whereupon the same shall become forthwith due and payable, without presentment, demand, protest or notice of any kind.
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RIGHT OF ACCELERATION. If an Event of Default shall occur and be continuing, then the Holder may elect to accelerate payment of the Note. If any payment due hereunder, including those due upon acceleration, is not paid within fifteen (15) days after its due date, the entire balance of the Principal Amount and any and all accrued interest on the Principal Amount shall bear interest from the date of default until such payment (including all accrued interest on the Principal Amount through the date of payment) is paid, at the per annum rate of interest equal to twelve percent (12%); provided, however, that in no event shall such interest rate exceed the maximum rate permitted by law.
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RIGHT OF ACCELERATION. The Notes may be accelerated only in the case of an Event of Default as described above. The Indenture does not provide for any right of acceleration of the payment of the principal of the Notes upon a default in the payment of principal of or premium, if any, or interest on the Notes, or a default in the performance of any covenant or agreement in the Notes or in the Indenture. In the event of a default in the payment of principal, premium, if any, or interest, the holder of a Note (or the Trustee on behalf of the Holders of all of the Notes affected) may, subject to certain limitations and conditions, seek to enforce payment of such principal, premium or interest.
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RIGHT OF ACCELERATION. The 2004 Notes may be accelerated only in the case of an Event of Default as described above. The Indenture does not provide for any right of acceleration of the payment of the principal of the 2004 Notes upon a default in the payment of principal of or premium, if any, or interest on the 2004 Notes, or a default in the performance of any covenant or agreement in the 2004 Notes or in the Indenture. In the event of a default in the payment of principal, premium, if any, or interest, the holder of a 2004 Note (or the Trustee on behalf of the Holders of all of the 2004 Notes affected) may, subject to certain limitations and conditions, seek to enforce payment of such principal, premium or interest.
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RIGHT OF ACCELERATION. The 2007 Notes may be accelerated only in the case of an Event of Default as described above. The Indenture does not provide for any right of acceleration of the payment of the principal of the 2007 Notes upon a default in the payment of principal of or premium, if any, or interest on the 2007 Notes, or a default in the performance of any covenant or agreement in the 2007 Notes or in the Indenture. In the event of a default in the payment of principal, premium, if any, or interest, the holder of a 2007 Note (or the Trustee on behalf of the Holders of all of the 2007 Notes affected) may, subject to certain limitations and conditions, seek to enforce payment of such principal, premium or interest.
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RIGHT OF ACCELERATION. If an Event of Default shall occur and be continuing pursuant to items 2(a) above, then the Holder, acting alone, may accelerate payment of this Note.
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RIGHT OF ACCELERATION. Upon Borrower's failure to make any payment under this Note when due or the occurrence of any other Event of Default under the Loan Agreement, Lender may, at its election and without notice to Borrower, declare the entire balance hereof immediately due and payable in full.
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Related to RIGHT OF ACCELERATION

  • Rescission of Acceleration Notwithstanding anything to the contrary in this Indenture or the Notes, the Holders of a majority in aggregate principal amount of the Notes then outstanding, by notice to the Company and the Trustee, may, on behalf of all Holders, rescind any acceleration of the Notes and its consequences if (i) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and (ii) all existing Events of Default (except the non-payment of principal of, or interest on, the Notes that has become due solely because of such acceleration) have been cured or waived. No such rescission will affect any subsequent Default or impair any right consequent thereto.

  • Stay of Acceleration If acceleration of the time for payment of any of the Secured Obligations is stayed, in connection with any case commenced by or against a Guarantor or the Borrower under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable by each Guarantor, jointly and severally, immediately upon demand by the Secured Parties.

  • Events of Acceleration The entire unpaid principal balance of this Note, together with all accrued and unpaid interest, shall become immediately due and payable prior to the specified due date of this Note upon the occurrence of one or more of the following events:

  • Notice of Acceleration or Rescission Whenever any Note shall be declared immediately due and payable pursuant to paragraph 7A or any such declaration shall be rescinded and annulled pursuant to paragraph 7B, the Company shall forthwith give written notice thereof to the holder of each Note at the time outstanding.

  • Rescission of Acceleration by Requisite Lenders If at any time after acceleration of the maturity of the Loans and the other Obligations, the Borrower shall pay all arrears of interest and all payments on account of principal of the Obligations which shall have become due otherwise than by acceleration (with interest on principal and, to the extent permitted by Applicable Law, on overdue interest, at the rates specified in this Agreement) and all Events of Default and Defaults (other than nonpayment of principal of and accrued interest on the Obligations due and payable solely by virtue of acceleration) shall become remedied or waived to the satisfaction of the Requisite Lenders, then by written notice to the Borrower, the Requisite Lenders may elect, in the sole discretion of such Requisite Lenders, to rescind and annul the acceleration and its consequences. The provisions of the preceding sentence are intended merely to bind all of the Lenders to a decision which may be made at the election of the Requisite Lenders, and are not intended to benefit the Borrower and do not give the Borrower the right to require the Lenders to rescind or annul any acceleration hereunder, even if the conditions set forth herein are satisfied.

  • Default; Acceleration (a) Any of the following shall constitute an “Event of Default” under this Note:

  • 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.

  • Events of Default; Acceleration If any of the following events ("Events of Default") shall occur:

  • Event of Default Defined; Acceleration of Maturity; Waiver of Default Event of Default" with respect to Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Acceleration Event The Company shall give Employee at least ten (10) business days’ notice (or, if not practicable, such shorter notice as may be reasonably practicable) prior to the anticipated closing date of a transaction which the Board of Directors of the Company determines to be a change of control of the Company in circumstances where it is appropriate to accelerate the vesting of employee stock options. Upon receipt of such notice, all stock options of Employee shall become immediately exercisable in full, and until the day before such anticipated closing date (or such shorter period as the Company shall reasonably determine and so notify Employee), Employee shall be permitted to exercise all options with respect to up to the entire number of shares of the Company’s common stock covered thereby. The Company may in such notice require that upon the close of the period described above during which an option may be so exercised such option shall terminate to the extent that it has not theretofore been exercised. Notwithstanding the foregoing, in the event the event which was the subject of such notice is not closed, options which were exercised shall be deemed not to have been exercised, any consideration received by the Company on account of the exercise price thereof shall be returned, and such options shall be exercisable thereafter (disregarding any acceleration of vesting as provided for above, which shall then be of no effect) to the same extent they would have been exercisable if no such notice had been given.

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