Acceleration Right Sample Clauses
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Acceleration Right. (i) Promptly after having knowledge of the occurrence of an Event of Default, the Borrower shall deliver written notice thereof via email and overnight courier (an “Event of Default Notice”) to the Lender. At any time after the earlier of the Lender’s and the Holders’ receipt of an Event of Default Notice and the Lender and any other Holders becoming aware of an Event of Default which has not been cured or waived, the Lender or such other Holders may require the Borrower to redeem all or any portion of this Subordinated Note (an “Event of Default Redemption”) by delivering written notice thereof (the “Event of Default Redemption Notice”) to the Borrower, which Event of Default Redemption Notice shall indicate the portion of this Subordinated Note that the Lender or any other Holders are requiring the Borrower to redeem; provided, that upon the occurrence of any Event of Default described in Section 10(a)(ii) and (iii), the Subordinated Notes, in whole, shall automatically, and without any action on behalf of the Lender or any other Holders, be redeemed by the Borrower. The Subordinated Notes shall be redeemed by the Borrower at a price equal to one hundred five percent (105%) of the outstanding principal amount of the Subordinated Notes, plus accrued and unpaid interest (the “Event of Default Redemption Price”).
(ii) In the case of an Event of Default Redemption, the Borrower shall deliver the applicable Event of Default Redemption Price to the Lender within five (5) Business Days after the Borrower’s receipt of the Event of Default Redemption Notice.
Acceleration Right. If any Event of Default shall occur, then or at any time thereafter, while such Event of default shall continue, Creditor may declare all Obligations to be due and payable, without notice, protest, presentment or demand, all of which are hereby expressly waived by Debtor.
Acceleration Right. The Purchased Loan Documents for such Purchased Loan contain provisions for the acceleration of the payment of the unpaid principal balance of such Purchased Loan if, without complying with the requirements of the related Purchased Loan Documents, (a) the related underlying Mortgaged Property, or any controlling interest in the related Mortgagor, is directly transferred or sold in a mortgagor, issuance of non-controlling new equity interests, transfers among existing members, partners or shareholders in such Mortgagor or an Affiliate thereof, transfers among affiliated Mortgagors with respect to such Purchased Loan which are cross-collateralised or cross-defaulted with other mortgage loans or multi-property loans or transfers of a similar nature (such as pledges of ownership interests that do not result in a change of control) or a substitution or release of collateral), or (b) the related underlying Mortgaged Property or controlling interest in the borrower is encumbered in connection with subordinate financing by a Lien against the related underlying Mortgaged Property, other than any existing permitted additional debt or debt otherwise permitted in the Purchased Loan Documents. The Purchased Loan Documents for such Purchased Loan require the borrower to pay all reasonable costs incurred by the Mortgagor with respect to any transfer (of any property which is subject to a Mortgage), assumption or encumbrance requiring lender’s approval.
Acceleration Right. If this Agreement is terminated by the Carrier pursuant to Section 6.3, or by Shipper pursuant to Section 9.2, the Carrier shall, in good faith and in a commercially reasonable manner, determine the Acceleration Payment resulting from the termination of this Agreement. The Carrier shall give the Shipper written notice of the amount of the Acceleration Payment, stating in reasonable detail how such amount was calculated. The Carrier shall issue an invoice and Shipper shall pay such invoice within thirty (30) days of receipt of invoice. The Parties acknowledge and agree that the Acceleration Payment is a reasonable pre-estimate of the loss suffered by the Carrier in the event of termination of this Agreement, and is not a penalty. Carrier shall make reasonable efforts to re- contract the volume associated with the Acceleration Payment to another shipper. If volumes are re-contracted the Shipper shall be relieved of the obligation to pay the Acceleration Payment, to the extent of the value of the re-contracted volumes. If at the time the Carrier re-contracts the volumes the Shipper has already paid some or all of the Acceleration Payment, the Carrier shall refund to Shipper the difference between the amount paid and the value of the re-contracted volumes. The Acceleration Payment is not subject to deduction or abatement for any reason, except and only to the extent that Carrier is able to successfully re-contract the Shipper’s Service Option. Value means the present value of the re-contracted volume using a discount rate equal to the Prime Rate.
Acceleration Right. If the Corporation, or a subsidiary of the Corporation, is registered as an investment dealer and marketplace under the securities laws of a jurisdiction in Canada by a securities regulatory authority (the “Registration Approval”), the Corporation may accelerate the Expiry Date of the Warrants to sixty (60) days after the later of: (a) [Closing Date + 6 months] and (b) the date the Corporation provides notice of the Registration Approval to the Holder by providing a notice to the Holder of the acceleration of the Expiry Date of the Warrants (the “Acceleration Notice”) in accordance with Section 25. An Acceleration Notice must include the following information: (i) the date on which the Registration Approval was received by the Corporation: (ii) a copy of the Registration Approval: and (iii) the new Expiry Date of the Warrants. Following delivery of a valid Acceleration Notice, the Expiry Date of the Warrants shall be the Expiry Date set out in the Acceleration Notice. Notwithstanding the foregoing, the Corporation shall provide the Holder with notice of the Registration Approval within 10 days of receipt of same.
Acceleration Right. If this Agreement is terminated by the Carrier pursuant to Section 6.3, the Carrier shall in good faith and in a commercially reasonable manner determine the Acceleration Payment resulting from the termination of this Agreement. The Carrier shall give the Shipper written notice of the amount of the Acceleration Payment, stating in reasonable detail how such amount was calculated. The Acceleration Payment is not subject to deduction or abatement for any reason. The Carrier shall issue an invoice and Shipper shall pay such invoice within thirty (30) days of receipt of invoice. The Parties acknowledge and agree that the Acceleration Payment is a reasonable pre-estimate of the loss suffered by the Carrier in the event of termination of this Agreement, and is not a penalty.
Acceleration Right. Tenant shall have the one-time right to accelerate the Expiration Date (the “Acceleration Option”) with respect to the Acceleration Premises such that the Term shall expire and the Expiration Date shall be, with respect to the Acceleration Premises the day immediately preceding the ninety-ninth (99th) monthly anniversary of the Commencement Date (the “Accelerated Expiration Date”) upon the terms and conditions set forth in this Article. The “Acceleration Premises” means (i) the entire Premises, (ii) the Second Floor Premises, (iii) the Thirteenth Floor Premises or (iv) the Fourteenth Floor Premises.
Acceleration Right. If the VWAP (as defined below) of the Company’s Common Stock on the Principal Market equals or exceeds US $3.00 per share of Common Stock (as adjusted for any stock split or recapitalization) for any five (5) consecutive Trading Days (as defined below)(the “Acceleration Trigger Date”), the Company may, at its sole option, accelerate the expiration of the unexpired portion of this Warrant (the “Acceleration Right”).
Acceleration Right. Notwithstanding any other provision in this Warrant, at any time after the Initial Exercise Date, if the VWAP of the issued and outstanding Common Shares is greater than US$4.38 per Common Share for a period of thirty (30) consecutive calendar days (an “Acceleration Event”), the Company shall be entitled, at its sole option, to accelerate the Termination Date (the “Acceleration Right”) by providing an acceleration notice (the “Acceleration Notice”) to the Holder. An Acceleration Notice shall be deemed to have been provided to each Holder upon dissemination of a press release by the Company announcing the occurrence of the Acceleration Event and the Company’s exercise of the Acceleration Right. Upon such notice, the Termination Date shall be deemed to be the date that is twenty-one (21) days following the date of the Acceleration Notice.
Acceleration Right. In the event that the Early Expiry Event occurs, the Company shall have the right, but not the obligation, to exercise the Acceleration Right. In the event the Company elects to exercise the Acceleration Right, the Company shall deliver the Early Expiry Notice to the Warrant Agent and the Warrant Agent shall deliver the Early Expiry Notice to each of the Registered Warrantholders pursuant to Section 9.2 within ten