Common use of Acceleration of Maturities Clause in Contracts

Acceleration of Maturities. When any Event of Default described in paragraphs (1), (2), (4), (5) or (10) of Section 6(a) has happened, the Investor may, by delivering to Alon Brands a two Business Day prior written notice, declare the Note and all amounts due on account of the Note due and payable, without any presentment, demand, protest or other notice of any kind (other the foregoing notice), all of which are hereby expressly waived. When any Event of Default described in paragraphs (6), (7), (8), (9), (11) or (12) of Section 6(a) has occurred, then all amounts due on account of the Note shall immediately become due and payable without presentment, demand or notice of any kind, all of which are hereby expressly waived. Upon the Note becoming due and payable as a result of any Event of Default as aforesaid, Alon Brands will forthwith pay to the Investor all principal of and interest accrued on the Note. Such amounts shall be supplemented by additional interest accrued thereon at an annual rate of 5% from the date when the Event of Default has occurred and until the payment date. Neither any course of dealing on the part of the Investor nor any delay or failure on the part of the Investor to exercise any right shall operate as a waiver of such right or otherwise prejudice the Investor’s rights, powers and remedies. Alon Brands further agrees to pay the Investor all reasonable expenses which it shall have incurred in implementation of its rights, powers and remedies under this Section 6(c).

Acceleration of Maturities. When any Event of Default described in paragraphs (1) through (6), (2)inclusive, (4), (5) or (10) of Section 6(a6 (a) has happenedhappened and is continuing, the Investor Investors may, by delivering notice in writing sent to Alon Brands a two Business Day prior written noticeParadigm, declare the Note and all amounts due on account of the Note Debentures due and payable, without any presentment, demand, protest or other notice of any kind (other the foregoing notice)kind, all of which are hereby expressly waived. When any Event of Default described in paragraphs (6), (7), (8), or (9), (11) or (12) of Section 6(a) has occurred, then all amounts due on account of the Note Debentures shall immediately become due and payable without presentment, demand or notice of any kind, all of which are hereby expressly waived. Upon the Note Debentures becoming due and payable as a result of any Event of Default as aforesaid, Alon Brands Paradigm will forthwith pay to the Investor Investors all principal of and interest accrued on the NoteDebentures, together with applicable value added tax. Such amounts shall be supplemented by additional interest accrued thereon at an annual rate of 54% from (i) the date when the Event of Default has occurred occurred, in the event of an Event of Default described in Sections 6(a)(7), 6(a)(8) or 6(a)(9) above, or (ii) from the date when a notice in writing is sent by the Investors to Paradigm, declaring the Debenture due and payable due to the occurrence of an Event of Default described in Sections (1) through (6), inclusive, of Section 6(a) and until the payment date. Neither any course of dealing on the part of the Investor Investors nor any delay or failure on the part of the Investor Investors to exercise any right shall operate as a waiver of such right or otherwise prejudice the Investor’s Investors' rights, powers and remedies. Alon Brands Paradigm further agrees agrees, to the extent permitted by law, to pay the Investor Investors all reasonable expenses which it shall have incurred by them in the implementation of its their rights, powers and remedies under this Section 6(c).

Acceleration of Maturities. When any Event of Default described in paragraphs (1) through (5), (2)inclusive, (4), (5) or (10) of Section 6(a) has happenedhappened and is continuing and has not been cured within five (5) business days after receiving a written notice to such effect from the Investors (the “Cure Period”), the Investor Investors may, by delivering notice in writing sent to Alon Brands a two Business Day prior written noticeCamtek, declare the Note and all amounts due on account of the Note Debenture due and payable, without any presentmentprovided, demand, protest or other however that with respect to the Event of Default described in paragraph (5) the Investors may so declare the Debenture due and payable only 10 days after the delivery of a notice of any kind pursuant to said paragraph (other the foregoing notice), all of which are hereby expressly waived5) above. When any Event of Default described in paragraphs (6), (7), (8), (9), (11) or (12) 8) of Section 6(a) has occurred, then all amounts due on account of the Note Debentures shall immediately become due and payable without presentment, demand or notice of any kind, all of which are hereby expressly waived. Upon the Note Debentures becoming due and payable as a result of any Event of Default as aforesaid, Alon Brands Camtek will forthwith pay to the Investor Investors all principal of and interest accrued on the NoteDebentures, together with applicable value added tax. Such amounts shall be supplemented by additional interest accrued thereon at an annual rate of 5% from the date when the Event of Default has occurred and until the payment date. Neither any course of dealing on the part of the Investor Investors nor any delay or failure on the part of the Investor Investors to exercise any right shall operate as a waiver of such right or otherwise prejudice the Investor’s Investors’ rights, powers and remedies. Alon Brands Camtek further agrees agrees, to the extent permitted by law, to pay the Investor Investors all reasonable expenses which it shall have incurred by them in implementation of its their rights, powers and remedies under this Section 6(c).