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 (1a) through (j), (2)inclusive, (4), (5) or (10) of said Section 6(a) 6.1 has happenedhappened and is continuing, the Investor holder or holders of 25% or more of the Accreted Value of outstanding Notes may, by delivering notice to Alon Brands a two Business Day prior written noticethe Company, declare the Note entire Accreted Value and all amounts due interest accrued and unpaid, if any, on account of the Note all Notes to be, and all Notes shall thereupon become, forthwith 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 paragraph (6), (7), (8), (9), (11) or (12h) of Section 6(a) 6.1 has occurred, then the Accreted Value of all amounts due on account of the Note outstanding Notes (together with accrued and unpaid interest, if any) shall immediately become due and payable without presentment, demand or notice of any kind, all of which are hereby expressly waived. Upon the Note Notes becoming due and payable as a result of any Event of Default as aforesaid, Alon Brands the Company will forthwith pay to the Investor all principal holders of the Notes the entire outstanding Accreted Value and interest accrued and unpaid, if any, on the NoteNotes. 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 No course of dealing on the part of the Investor any Noteholder nor any delay or failure on the part of the Investor any Noteholder to exercise any right shall operate as a waiver of such right or otherwise prejudice the Investor’s such holder'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 (1a) through (h), (2)inclusive, (4), (5) or (10) of said Section 6(a) 6.1 has happenedhappened and is continuing, the Investor holder or holders of 25% or more of the principal amount of outstanding Notes may, by delivering notice to Alon Brands a two Business Day prior written noticethe Company, declare the Note entire principal amount and all amounts due interest accrued and unpaid, if any, on account of the Note all Notes to be, and all Notes shall thereupon become, forthwith 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 paragraph (6), (7), (8), (9), (11) or (12g) of Section 6(a) 6.1 has occurred, then the principal amount of all amounts due on account of the Note outstanding Notes (together with accrued and unpaid interest, if any) shall immediately become due and payable without presentment, demand or notice of any kind, all of which are hereby expressly waived. Upon the Note Notes becoming due and payable as a result of any Event of Default as aforesaid, Alon Brands the Company will forthwith pay to the Investor all holders of the Notes the entire principal of amount and interest accrued and unpaid, if any, on the NoteNotes without regard to Section 2.1(d). 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 No course of dealing on the part of the Investor any Noteholder nor any delay or failure on the part of the Investor any Noteholder to exercise any right shall operate as a waiver of such right or otherwise prejudice the Investor’s such holder'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 (1a) through (h), (2)inclusive, (4), (5) or (10) of Section 6(a) 6.1 has happenedhappened and is continuing, the Investor holder or holders of 25% or more of the principal amount of outstanding Notes may, by delivering notice to Alon Brands a two Business Day prior written noticethe Company, declare the Note entire principal and all amounts due interest accrued and unpaid, if any, on account of the Note all Notes to be, and all Notes shall thereupon become, forthwith 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), i) through (7), (8), (9), (11) or (12k) of Section 6(a) 6.1 has occurred, then the principal amount of all amounts due on account of the Note outstanding Notes (together with accrued and unpaid interest, if any) shall immediately become due and payable without presentment, demand or notice of any kind, all of which are hereby expressly waived. Upon the Note Notes becoming due and payable as a result of any Event of Default as aforesaid, Alon Brands the Company will forthwith pay in cash to the Investor all holders of the Notes the entire principal of amount and interest accrued and unpaid, if any, on the NoteNotes. 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 No course of dealing on the part of the Investor any Noteholder nor any delay or failure on the part of the Investor any Noteholder to exercise any right shall operate as a waiver of such right or otherwise prejudice the Investor’s such holder'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 (1a) through (j), (2)inclusive, (4), (5) or (10) of said Section 6(a) 6.1 has happenedhappened and is continuing, the Investor holder or holders of 25% or more of the Accreted Value of outstanding Notes may, by delivering notice to Alon Brands a two Business Day prior written noticethe Company, declare the Note entire principal and all amounts due interest accrued and unpaid, if any, on account of the Note all Notes to be, and all Notes shall thereupon become, forthwith 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 paragraph (6), (7), (8), (9), (11) or (12h) of Section 6(a) 6.1 has occurred, then the Accreted Value of all amounts due on account of the Note outstanding Notes (together with accrued and unpaid interest, if any) shall immediately become due and payable without presentment, demand or notice of any kind, all of which are hereby expressly waived. Upon the Note Notes becoming due and payable as a result of any Event of Default as aforesaid, Alon Brands the Company will forthwith pay to the Investor all principal holders of the Notes the entire Accreted Value and interest accrued and unpaid, if any, on the NoteNotes. 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 No course of dealing on the part of the Investor any Noteholder nor any delay or failure on the part of the Investor any Noteholder to exercise any right shall operate as a waiver of such right or otherwise prejudice the Investor’s such holder'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).