PARAGRAPH TWO. This Agreement shall also be accelerated, upon which the debt shall become enforceable and any disbursements shall be immediately suspended, on the date when any person who exercises a salaried position at the BENEFICIARY or is among its owners, controlling members, or officers is certified or takes office as a Federal Deputy or Senator, as such persons are subject to the prohibitions set forth in article 54, items I and II of the Federal Constitution. No default charges shall be imposed if the payment occurs within five (5) business days from the date of such certification, under penalty of otherwise the charges established for events of acceleration due to default being imposed.
Appears in 8 contracts
Samples: Credit Facility Financing Agreement (Linx S.A.), Credit Facility Financing Agreement (Linx S.A.), Credit Facility Financing Agreement (Linx S.A.)
