Option to Accelerate Sample Clauses

Option to Accelerate. The seller may by written notice to the buyer demand that the buyer immediately pay all amounts due under this invoice in the event of the insolvency, bankruptcy, reorganization, receivership, or liquidation by the buyer or if the seller believes in good faith that the prospect of the buyer paying those amounts has or is likely to be impaired. By accepting the Products, the buyer is representing that it is not then insolvent within the meaning of Article 2 of the Enterprise Bankruptcy Law of the People's Republic of China.
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Option to Accelerate. The seller may by written notice to the buyer demand that the buyer immediately pay all amounts due under this invoice in the event of the insolvency, bankruptcy, reorganization, receivership, or liquidation by the buyer or if the seller believes in good faith that the prospect of the buyer paying those amounts has or is likely to be impaired. By accepting the Products, the buyer is representing that it is not then insolvent within the meaning of Title 11, United States Code (or any similar federal or state law), or any equivalent Law in the applicable jurisdiction for sales made outside of the United States.
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Option to Accelerate. Either PATRIOT or JOM may, by written notice to the Buyer, demand that the Buyer immediately pay all amounts due to PATRIOT if PATRIOT believes in good faith that the prospect of the Buyer paying those amounts has been impaired. By accepting the Products, the Buyer represents that it is not then insolvent within the meaning of Xxxxx 00, Xxxxxx Xxxxxx Code, or any similar federal or state law.
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Option to Accelerate. The Seller may by written notice to the Buyer demand that the Buyer immediately pay all amounts due under this Quote in the event of the insolvency, bankruptcy, reorganization, receivership, or liquidation by the Buyer or if the Seller believes in good faith that the prospect of the Buyer paying those amounts has or is likely to be impaired. By accepting the Products, the Buyer is representing that it is not then insolvent within the meaning of Xxxxx 00, Xxxxxx Xxxxxx Code, or any similar federal or state law.
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Option to Accelerate. JOM may, by written notice to the Buyer, demand that the Buyer immediately pay all amounts due to JOM if XXX believes in good faith that the prospect of the Buyer paying those amounts has been impaired. By accepting the Products, the Buyer represents that it is not then insolvent within the meaning of Title 11, United States Code, or any similar federal or state law.
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Option to Accelerate. If (i) any of the events described in Sections 34, 35, 36 and 37 above shall occur so that the Bank shall incur any Reserve Costs, Capital Adequacy Costs or Change in Law Costs, or (ii) any change in any applicable Law increases the costs to the Bank with respect to the Deposit Account, the Accrued Interest Deposit Account, the Guaranty, this Agreement, the Loan or the Loan Agreement, then, unless the Bank has been paid the additional amounts as required by this Agreement, then the Bank, in its sole discretion, may exercise it rights and remedies under Section 8 of this Agreement. Additionally, if in the opinion of the Bank the continued granting of the Loan or maintenance of the Deposit Account becomes unlawful, then the Bank, in its sole discretion, may exercise it rights and remedies under Section 8 of this Agreement.
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Related to Option to Accelerate

  • Committee Discretion to Accelerate Vesting Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accelerated vesting of the RSUs at any time and for any reason.

  • Option Acceleration One hundred percent (100%) of the shares subject to all outstanding options granted to the Employee by the Company (the “Options”) prior to the date of such termination shall immediately become vested and exercisable in full upon such termination. Following such acceleration, the Options shall continue to be subject to the terms and conditions of the Company’s stock option plans and the applicable option agreements between the Employee and the Company.

  • Vesting Acceleration Effective on such termination, the Executive shall receive accelerated vesting equivalent to six (6) months of service beyond the date of Executive’s termination with respect to the shares subject to any grant of restricted stock or stock options (each, an “Equity Grant”) granted to the Executive, regardless of whether granted prior to, coincident with, or after, the Effective Date; provided, however, that in the event such termination occurs within one (1) year following a Change of Control, then one hundred percent (100%) of the remaining shares subject to each such Equity Grant shall become vested in full and the period during which the Executive is permitted to exercise (if applicable) any such Equity Grant shall be extended until the earlier of (i) ten (10) years from the date of grant, or (ii) the expiration date of such Equity Grant (as of the date of grant).

  • Acceleration of Options One hundred (100%) percent of the Executive’s outstanding, unvested options, restricted stock and/or equity awards (“Equity Awards”) shall, immediately prior to the consummation of the Change in Control, become fully and immediately vested to the extent not already so provided under the terms of such Equity Awards; provided, however, that if the acquirer in a Change in Control grants Equity Awards having (in the reasonable opinion of the Board) a value at least equal to the value of Executive’s then-unvested Company Equity Awards, then 50% of the Executive’s outstanding, unvested Company Equity Awards shall become fully and immediately vested immediately prior to the consummation of the Change in Control (and the remaining 50% shall terminate upon the consummation of the Change in Control). Notwithstanding any provisions of the stock option plan or stock option agreement pursuant to which any stock options subject to the preceding sentence were granted, the Executive shall be entitled to exercise such Equity Awards until three years from the date of termination of employment or the expiration of the stated period of the Equity Award, whichever period is the shorter.

  • Vesting and Exercisability of Option The Option shall vest, and may be exercised, with respect to the Shares as set forth in the Optionee Statement attached hereto and made a part hereof, subject to earlier termination of the Option as provided in Sections 1.4 and 6 hereof or in the Plan. The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

  • Cumulative Exercisability To the extent that the Option is vested and exercisable, the Grantee has the right to exercise the Option (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the Option.

  • Discretionary Acceleration Notwithstanding any other provisions of this Agreement to the contrary, the Committee may, in its sole discretion, declare at any time that the Option shall be immediately exercisable.

  • Exercisability of Option Unless otherwise provided in this Agreement or the Plan, this Option shall entitle the Participant to purchase, in whole at any time or in part from time to time, to the extent the Option is vested in accordance with the vesting schedule herein, the Shares subject to this Option, and each such right of purchase shall be cumulative and shall continue, unless sooner exercised or terminated as herein provided, during the remaining Option Period.

  • Method of Exercising Option Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto. Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the Option. Payment of the purchase price for such Shares shall be made in accordance with Paragraph 9 of the Plan. The Company shall deliver such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or “blue sky” laws). The Shares as to which the Option shall have been so exercised shall be registered in the Company’s share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the Company’s share register in the name of the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.

  • Not To Prevent Events of Default or Limit Right To Accelerate The failure to make a payment pursuant to the Securities by reason of any provision in this Article 10 shall not be construed as preventing the occurrence of a Default. Nothing in this Article 10 shall have any effect on the right of the Securityholders or the Trustee to accelerate the maturity of the Securities.

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