Payment Acceleration. Notwithstanding anything herein to the contrary, any Shares subject to this Election shall be immediately distributed to you or your estate, as applicable, upon your death or Disability (as defined in the Award Agreement) or upon a “change in the ownership or effective control” of the Company or in the “ownership of a substantial portion of the assets” of the Company within the meanings ascribed to such terms in Treasury Department regulations or other guidance issued under Section 409A of the Code.
Payment Acceleration. In the event of Company’s failure to pay any amount owed by the Company to the Bank, the Bank shall have the right to accelerate all amounts owed by the Company, and all accelerated amounts shall carry the maximum interest rate until the full payment by the Company. In addition, the Company shall pay the Bank liquidated damages in an amount equal to the greater of (i) the Bank’s early payment fee at the time of the acceleration, or (ii) the amount permitted by law to charge as early payment fees. Moreover, the Bank shall have the right to realize the collateral as permitted by law and demand the Company to pay any outstanding debt and reimburse the Bank against expenses.
Payment Acceleration. 1) Upon obtaining the first party's consent, the second party shall be entitled to accelerate payment of all or any part of the Murabaha before the due date.
Payment Acceleration. From and after the occurrence of a Triggering Event, the Purchaser shall be entitled to accelerate the maturity date of the Debentures and to receive immediate payment in full of all amounts owing thereunder.
Payment Acceleration. Payment of the Award hereunder shall accelerate if the Grantee’s employment with the Company and its Subsidiaries and Affiliates is terminated due to: (i) retirement on or after his sixty-fifth birthday; (ii) retirement on or after his fifty-fifth birthday with consent of the Company; (iii) retirement at any age on account of total and permanent disability as determined by the Company; or (iv) death. If payment is accelerated, payment of the Award shall be made on a pro rata basis, based on the Target Amount calculated through the most recently completed month in which such termination occurs, and multiplying such Target Amount by a fraction, the numerator of which shall be the total number of days the Grantee was employed during the performance period and the denominator of which shall be three hundred sixty-five (365).
Payment Acceleration. Diversified will pay the remaining $150,000 due pursuant to the Acquisition Agreement and delayed by Addendum One, on a schedule accelerated above and beyond the requirements set forth in the Renewable Email as follow:
Payment Acceleration. In addition to the options provided in Article 5.1, the Participant shall have the right at anytime to request and receive a payment of all or part of the Participant's account balance. Such payments will be made as soon as practicable after such election is made, but in no event will payments be delayed more than 60 days from the date the election is made. If such election is made, any amount subject to this election shall be reduced by a nonrefundable payment acceleration penalty equal to 10% of the elected amounts. This penalty is absolute and not be rescinded, reduced, or otherwise modified by the Employer.
Payment Acceleration. Payment of the Award hereunder shall accelerate if the Grantee’s employment with the Company and its Subsidiaries and Affiliates is terminated due to: (i) retirement on or after his sixty-fifth birthday; (ii) retirement on or after his fifty-fifth birthday with consent of the Company; (iii) retirement at any age on account of total and permanent disability as determined by the Company; or (iv) death. If payment is accelerated, payment of the Award shall be made on a pro rata basis, based on performance through the most recently completed month and the total number of days the Grantee was employed during the performance period in relation to the scheduled number of days between the Award Date and the end of the performance period.
Payment Acceleration. At the election of the Company, upon approval by the Buyer, the Company may accelerate the dates of repurchase set forth above without penalty. Closing Date, Subject to the provisions of Sections 5 and 6, the Closing Date shall be June 29, 2007, at the offices the Buyer, said date herein referred to as the “Closing Date.”
Payment Acceleration. At the election of the Company, upon approval by the Buyer, the Company may accelerate the dates of repurchase set forth above without penalty.
