Acceleration Payment Sample Clauses
An Acceleration Payment clause allows for the immediate payment of amounts that would otherwise be due at a later date if certain triggering events occur, such as default or breach of contract. In practice, this means that if a party fails to meet its obligations, the remaining balance of a loan or payment schedule becomes due and payable right away, rather than following the original timeline. This clause serves to protect the non-breaching party by providing a mechanism to recover owed funds quickly in the event of non-performance or other specified events.
Acceleration Payment. If Itau is obligated to make an Acceleration Payment (including a Type I Acceleration Payment or a Type II Acceleration Payment), then the amount Itau shall owe, in lieu of the amount that would have been due under the SMA in the absence of this MOA, shall be the sum of (i) the amount of the Reference Payment that would have been due for the Anniversary Year in which the Trigger Date occurred calculated using the Revenue Elements generated and incurred during the period from the last Anniversary Date to the Trigger Date, (ii) the Reference Payments that would be due but for the termination of the SMA for any Anniversary Dates subsequent to the Trigger Date calculated (without duplication of the amount under item (i)) using the Itau Revenue Percentage determined in accordance with item (i), (iii) for the Anniversary Year in which the Trigger Date occurs, the maximum Marketing Payments that could be due in such Anniversary Year less any Marketing Payments actually made in such Anniversary Year, and (iv) the maximum Marketing Payments that could be due in any subsequent Anniversary Years.
Acceleration Payment. (a) At any time following the closing of the acquisition of the initial Tranche JV Interests acquired with respect to any Acquisition Tranche, DGOC shall have the right, but not the obligation, to make a cash payment to Oaktree with respect to such Acquisition Tranche, in an amount equal to the greater of (i) the amount necessary for the IRR Hurdle Achievement Point to occur for such Acquisition Tranche and (ii) the amount necessary to cause the MOIC of Oaktree to be 1.30x for such Acquisition Tranche (such cash payment, the “Acceleration Payment”). If DGOC has determined that it will make an Acceleration Payment, DGOC will endeavor to provide Oaktree with reasonable advance notice thereof, though DGOC’s failure to provide any such advance notice shall not limit DGOC’s right to make such Acceleration Payment at whatever time it may elect or otherwise obligate DGOC to make such Acceleration Payment on a particular date or otherwise, including if DGOC, in its sole discretion, subsequently determines not to make such Acceleration Payment.
(b) Subject to, and without limitation of, the other terms and conditions set forth in this Article 4, upon Oaktree’s receipt of an Acceleration Payment with respect to an Acquisition Tranche, the Working Interest of the applicable members of the Oaktree Group in the Tranche JV Interests included in such Acquisition Tranche will automatically be deemed to be reduced to the Oaktree Reversionary Interest and the Working Interest of the applicable members of the DGOC Group in the Tranche JV Interests included in such Acquisition Tranche will automatically be deemed to be increased to the DGOC Reversionary Interest.
(c) As promptly as reasonably practicable following Oaktree’s receipt of an Acceleration Payment with respect to an Acquisition Tranche (but, in any event, not later than three (3) Business Days thereafter), Oaktree shall (or shall cause its applicable Affiliate(s) to) use commercially reasonable efforts (without any obligation to incur any out-of-pocket expenses or provide any consideration in connection therewith) to enter into offsetting H▇▇▇▇▇ with respect to all applicable existing Permitted H▇▇▇▇▇ in an amount equal to fifteen percent (15%) of the aggregate value of all such existing Permitted H▇▇▇▇▇ (on a pro rata basis across such existing Permitted H▇▇▇▇▇) with respect to the Tranche JV Interests of Oaktree and its Affiliates for such Acquisition Tranche (such applicable Permitted H▇▇▇▇▇ (or applicable pro r...
Acceleration Payment. In the event that the Obligations become due and payable in full pursuant to Subsection 9.1, FM Properties shall immediately pay Hibernia, in addition to all other amounts due hereunder, an acceleration premium equal to any amount which FM Properties would have been obligated to pay Hibernia in the case of a voluntary prepayment for the early termination of the Exchange Agreement pursuant to Section 3.2 hereof.
Acceleration Payment. In the event the trailing 15-day average dollar trading volume of Borrower’s Common Stock as measured on any given Trading Day exceeds $25,946 by 100% on any given Trading Day, then a $50,000.00 acceleration payment will be due to Lender within ten (10) days of the occurrence of such event.
Acceleration Payment. Further in consideration for the waiver and General Release herein contained, the Company shall also provide Employee with an Acceleration Payment (as defined in the Employment Agreement) equal to cash in the collective amount of any Base Salary due the Employee prior to the Separation Date, any Bonus which Employee may have accrued but is unpaid prior to the Separation Date, and any vacation accrued but unpaid prior to the Separation Date. The Acceleration Payment shall be made within fifteen (15) days after the Separation Date.
Acceleration Payment. Subject to Section 13.2 and RareGen not being in material breach of its obligations under this Agreement (where such breach is not cured (if able to be cured) within [***] ([***]) days following RareGen’s receipt of written notice of such breach), in the event of an FTS Event, Sandoz will pay RareGen the applicable Acceleration Payment within [***] ([***]) days after the end of such Calendar Quarter. Any Acceleration Payment shall be included in RareGen’s aggregate share of Net Profits received under this Agreement. Following December 31, 2019, Sandoz shall have the right to credit against any payments owed to RareGen under Section 6.3 the aggregate amount of all Acceleration Payments paid to RareGen under this Agreement.
Acceleration Payment. CPE shall pay RTEA Forty-Five Million Dollars ($45,000,000.00) in United States currency (the “Acceleration Payment”) in satisfaction of the acceleration and release under the TRA. The Acceleration Payment will be made in a single lump sum by a wire transfer of immediately available funds, to a bank account designated by RTEA, no later than 1 U.S. business day after the Effective Date, without deduction, withholding or set-off for any reason. Notwithstanding anything contained in the TRA, effective upon receipt of the Acceleration Payment, (a) neither RTEA nor CPE shall have any further payment obligations under the TRA and (b) CPE agrees it shall not be entitled to any repayments of any amounts paid by CPE hereunder or under the TRA for any reason.
Acceleration Payment