Acceleration of Obligation Sample Clauses

Acceleration of Obligation. The Loan shall immediately become due and -------------------------- payable in full upon the earliest of the following: (i) an event of default under any Loan Document (as defined in the Loan Agreement (the "Loan Agreement") -------------- between the Lender and the Borrowers dated as of February 19, 1998); (ii) in the event any required payment hereunder is not made when due; (iii) in the event of a voluntary or involuntary termination of employment of Xxxxxx Xxx with AMCC (the "Company") for any reason, with or without cause (including death or ------- disability); (iv) assignment by a Borrower for the benefit of creditors, or admission in writing of his or her inability to pay his or her debts as they become due, or filing a voluntary petition in bankruptcy or adjudication as a bankrupt or insolvent, or filing any petition or answer seeking any reorganization, arrangement, composition, readjustment, dissolution or similar relief under any present or future statute, law or regulation, or filing any answer admitting or failing to deny the material allegations of a petition filed against either of them for any such relief; or (v) the date of any sale, conveyance, assignment, alienation or any other form of transfer of the "Property" (as defined in the Loan Agreement), or any part hereof or interest --------- therein, whether voluntary or involuntary.
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Acceleration of Obligation. The principal sum of this Note, together with all interest accrued thereon, shall immediately become due and payable in full upon any transfer of any of the Shares.
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Acceleration of Obligation. The Loan shall immediately become due and --------------------------- payable in full upon the earliest of the following: (i) an event of default under the Loan Agreement (the "Loan Agreement") between the Company and the Borrower dated as of May 1, 1996 relating to the indebtedness represented hereby, this promissory note, or the Pledge Agreement (the "Pledge Agreement") between the Company and the Borrower dated as of May 1, 1996; (ii) in the event any required payment hereunder or under any other promissory note delivered by the Borrowers to the Company is not made when due; (iii) in the event of a voluntary or involuntary termination of Xxxxx Xxxxxx'x employment with the Company for any reason, with or without cause (including death or disability); or (iv) May 1, 1999. In addition, if Borrower sells any portion of the Shares (as defined below), an equal portion of the original principal amount of the Loan shall immediately become due and payable, together with all interest accrued on such principal portion.
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Acceleration of Obligation. Upon the occurrence of any of the events identified in Sections 4.1 (a) through 4.1 (e) and 4.1(g), and the passage of any applicable cure period, the Lender may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of the Note, together with the interest accrued thereon and other amounts accrued hereunder, to be immediately due and payable; and the unpaid balance shall thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any part of the Loan Documents Upon the occurrence of any event under Section 4.1(f), then the unpaid principal balance under the Note, together with all interest accrued thereon and other amounts accrued hereunder, shall thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, not withstanding anything to the contrary contained herein or in any of the other Loan Documents.
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Acceleration of Obligation. Purchaser will be deemed to be ------------------------------------ in default under this Note and the principal sum of this Note, together with all interest accrued thereon, will immediately become due and payable in full: (a) upon Purchaser's failure to make any payment when due under this Note; (b) in the event Purchaser ceases to be employed by the Company (as defined in the Purchase Agreement) for any reason; (c) upon any transfer of any of the Shares; (d) upon the filing by or against Purchaser of any voluntary or involuntary petition in bankruptcy or any petition for relief under the federal bankruptcy code or any other state or federal law for the relief of debtors; or (e) upon the execution by Purchaser of an assignment for the benefit of creditors or the appointment of a receiver, custodian, trustee or similar party to take possession of Purchaser's assets or property.
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Acceleration of Obligation. 4.1 All unpaid principal, plus any applicable fees or charges due under this Note, or the Project Documents, shall, at the option of the City, be immediately due and payable, time being of the essence, if during the term of this Note there occurs any of the following:
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Acceleration of Obligation. North San Xxxxx Note T-26686 \ 1015240 9/12/2013
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Acceleration of Obligation. 4.1 After the expiration of any applicable notice and cure periods, the unpaid principal, plus any applicable charges set forth herein, shall, at the option of the Agency, be immediately due and payable if during the term of this Note there occurs any of the following:
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Related to Acceleration of Obligation

  • Acceleration of Obligations Declare all Obligations, whether evidenced by this Agreement, by any of the other Loan Documents, or otherwise, including (i) any accrued and unpaid interest, (ii) the amounts which would have otherwise come due under Section 2.3(b)(ii) if the Loans had been voluntarily prepaid, (iii) the unpaid principal balance of the Loans and (iv) all other sums, if any, that shall have become due and payable hereunder, immediately due and payable (provided that upon the occurrence of an Event of Default described in Section 8.12 or 8.13 all Obligations shall become immediately due and payable without any action by Lender);

  • Termination of Obligations Termination of this Agreement pursuant to Section 10.1 hereof shall terminate all obligations of the parties hereunder, except for the obligations under Article IX, Article X, and Sections 11.4, 11.7, 11.14, 11.15 and 11.16 hereof; provided, however, that termination pursuant to paragraphs (b) or (c) of Section 10.1 shall not relieve the defaulting or breaching party or parties from any liability to the other parties hereto.

  • Payment of Obligation 41 10.2 Covenants......................................................................... 41

  • Repayment of Obligations Notwithstanding anything to the contrary contained herein, the Borrower shall repay the Advances Outstanding, all accrued and unpaid Yield, any Breakage Fees, Increased Costs, all accrued and unpaid costs and expenses of the Administrative Agent and Lenders and all other Obligations (other than unmatured contingent indemnification obligations) in full on the Facility Maturity Date.

  • Payment of Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or its Subsidiaries, as the case may be.

  • Duration of Obligations The Manager’s obligation to provide Disentanglement Services will continue during the period commencing on the date that a Termination Notice is delivered and ending on the date on which the Successor Manager or the re-engaged Manager assumes all of the obligations of the Manager hereunder (the “Disentanglement Period”).

  • Nonpayment of Obligations Any amount due and owing on the Revolving Note or any of the Obligations, whether by its terms or as otherwise provided herein, is not paid on the date such amount is due.

  • Ratification of Obligations Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in accordance with their terms.

  • Mitigation of Obligations If any Lender requests compensation under Section 2.18, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.20, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the sole judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable under Section 2.18 or Section 2.20, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all costs and expenses incurred by any Lender in connection with such designation or assignment.

  • Non-Payment of Obligations Borrower shall default in the payment or prepayment when due of any principal of any Loan, or Borrower shall default (and such default shall continue unremedied for a period of five (5) Business Days) in the payment when due of any interest, fee or of any other obligation hereunder.

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