Effect of Forfeiture Events and Acceleration Events Sample Clauses

Effect of Forfeiture Events and Acceleration Events. 3.4.1 In the event of a Forfeiture Event, all Restricted Share Units that have not yet vested pursuant to Section 3.1 hereof shall be forfeited by the Executive and canceled in their entirety effective immediately upon such termination, automatically and without any action of any kind by the Executive.
Sample 1
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Effect of Forfeiture Events and Acceleration Events. 3.4.1 In the event of a Forfeiture Event, all Restricted Shares that have not become vested pursuant to Section 3.1.3 as of the date of such Forfeiture Event will be sold and transferred by the Subscriber to Sohu Game, or any other Affiliate of the Company designated by Sohu in Sohu’s sole discretion, for a purchase price of US$0.01 per ordinary share, automatically and without any action of any kind by the Subscriber, and subject only to Sohu Game’s or such other Affiliate’s tendering to the Subscriber the full purchase price for such ordinary shares (the “Forfeiture Conditions”). The Subscriber undertakes and agrees to sign any necessary documents and take any necessary actions, as may be reasonably requested by the Company and/or Sohu Game or such other Affiliate from time to time and at the cost of the Company, to ensure the validity and enforceability of the transfer to Sohu Game or such other Affiliate of such forfeited ordinary shares.
Sample 1

Related to Effect of Forfeiture Events and Acceleration Events

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Acceleration Events Each of the following events shall constitute an “Acceleration Event”:

  • Waiver of Servicer Termination Events The Noteholders of a majority of the Note Balance of the Controlling Class or, if no Notes are Outstanding, the Owner Trustee, at the direction of the holder of the Residual Interest, may direct the Indenture Trustee to waive a Servicer Termination Event, except failure to make required deposits to or payment from any of the Bank Accounts, and its consequences. On any waiver, the Servicer Termination Event will be considered not to have occurred. No waiver will extend to any other Servicer Termination Event or impair a right relating to any other Servicer Termination Event. The Issuer will promptly notify the Rating Agencies of any waiver.

  • Termination of Obligations to Effect Closing; Effects (a) The obligations of the Company, on the one hand, and the Investors, on the other hand, to effect the Closing shall terminate as follows:

  • Events of Default and Termination Events (i) The following provisions of Section 5 will not apply to either Party A or Party B: Section 5(a)(ii) Section 5(a)(iii) Section 5(a)(iv) Section 5(a)(v) Section 5(a)(vi) Section 5(b)(iii) Section 5(b)(iv)

  • Waiver of Servicer Events of Default The Holders representing at least 66% of the Voting Rights evidenced by all Classes of Certificates affected by any default or Servicer Event of Default hereunder may waive such default or Servicer Event of Default; provided, however, that a default or Servicer Event of Default under clause (i) or (vii) of Section 7.01 may be waived only by all of the Holders of the Regular Certificates. Upon any such waiver of a default or Servicer Event of Default, such default or Servicer Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Servicer Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Conditions to Obligation of Each Party to Effect the Merger The respective obligations of each party to effect the Merger shall be subject to the satisfaction at or prior to the Effective Time of the following conditions:

  • Effect of a Change in Control In the event of a Change in Control, Sections 6 through 13 of this Agreement shall become applicable to Executive. These Sections shall continue to remain applicable until the third anniversary of the date upon which the Change in Control occurs. On such third anniversary date, and provided that the employment of Executive has not been terminated on account of a Qualifying Termination (as defined in Section 5 below), this Agreement shall terminate and be of no further force or effect.

  • Waiver of Master Servicer Events of Default Subject to Section 11.09(d), the Holders representing at least 66% of the Voting Rights evidenced by all Classes of Certificates affected by any default or Master Servicer Event of Default hereunder may waive such default or Master Servicer Event of Default; provided, however, that a default or Master Servicer Event of Default under clause (i) or (vi) of Section 7.01 may be waived only by all of the Holders of the Regular Certificates. Upon any such waiver of a default or Master Servicer Event of Default, such default or Master Servicer Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Master Servicer Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Definition of Events of Default “Event of Default” means the occurrence of any of the following:

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