Acceleration of Royalty Payments. If the Royalty Maturity Date arises as a result of the circumstances set out in Section 2(ii), Section 2(iii), or Section 2(iv) of this Schedule “C”, any portion of the Royalty Payment Amount not yet paid shall be due and payable on the Royalty Maturity Date.
Acceleration of Royalty Payments. (i) In the event SALUS has failed to enroll its first patient in the Phase III Clinical Study within nine (9) months after PARI’s completion of the second Milestone set forth in Section 6.7, subject to subsection (iii) below and the other terms and conditions of this Agreement, SALUS shall pay PARI [*] within ten (10) business days after such failure. Such payment shall be credited toward any and all minimum royalty amounts due to PARI under Section 6.10.2(a).
Acceleration of Royalty Payments. (1) Without prejudice to any other rights of the Holder, upon the occurrence of an Event of Default, the Holder shall be entitled, at any time after not less than thirty (30) days’ prior written notice to the Owner, to declare the Liquidated Amount immediately due and payable, in which case it shall be immediately due and payable without presentment, protest or further notice of any kind, all of which are expressly waived by the Owner, and without set-off, and the Holder shall be entitled thereafter to exercise all rights, remedies and recourses available to it hereunder and under any Applicable Law.
