Common use of Automatic Acceleration in Certain Circumstances Clause in Contracts

Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 9(A)(xvi) or Section 9(A)(xvii) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then the then outstanding portion of the Maturity Principal Amount of, and all accrued and unpaid interest on, this Note will immediately become due and payable without any further action or notice by any Person.

Appears in 3 contracts

Samples: Third Note Amendment (Velo3D, Inc.), Note Amendment (Velo3D, Inc.), Note Amendment (Velo3D, Inc.)

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Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 9(A)(xvi11(A)(xx) or Section 9(A)(xvii(xxi) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then the then outstanding portion of the Maturity Principal Amount of, and all accrued and unpaid interest on, this Note will immediately become due and payable without any further action or notice by any Person.

Appears in 1 contract

Samples: Securities Purchase Agreement (Workhorse Group Inc.)

Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 9(A)(xvi10(A)(xvi) or Section 9(A)(xvii10(A)(xvii) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then the then outstanding portion of the Maturity Principal Amount of, and all accrued and unpaid interest on, this Note will immediately become due and payable without any further action or notice by any Person.

Appears in 1 contract

Samples: Securities Purchase Agreement (Velo3D, Inc.)

Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 9(A)(xvi11(A)(xvi) or Section 9(A)(xvii(xvii) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then the then outstanding portion of the Maturity Principal Amount of, and all accrued and unpaid interest interest, if any, on, this Note will immediately become due and payable without any further action or notice by any Person.

Appears in 1 contract

Samples: Amending Agreement to Transaction Agreement (Tilray Brands, Inc.)

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Automatic Acceleration in Certain Circumstances. If an Event of Default set forth in Section 9(A)(xvi10(A)(xvii) or Section 9(A)(xvii10(A)(xviii) occurs with respect to the Company (and not solely with respect to a Significant Subsidiary of the Company), then the then outstanding portion of the Maturity Principal Amount of, and all accrued and unpaid interest on, this Note will immediately become due and payable without any further action or notice by any Person.

Appears in 1 contract

Samples: Securities Purchase Agreement (Astra Space, Inc.)

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