Acceleration Clause definition

Acceleration Clause means any provision in the contract between the bank and the card holder that gives the bank the right to demand the obligation in full in case of default or non-payment of any amount due or for whatever valid reason;

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Acceleration Clause means following a Trigger Event, the option of the Corporation to accelerate the expiry date of the Warrants to the date that is thirty (30) days from such Trigger Event;

Acceleration Clause means that should the Common shares of the Company, traded on the TSX-V, trade at a volume weighted average price exceeding $0.17 per Common share for a period of 7 consecutive trading days. At that time the Issuer may, at its discretion, deliver a notice (the “Notice”) to the Warrant holders notifying such Warrant holders that they must exercise their Warrants within thirty (30) days from the date of such Notice.

Examples of Acceleration Clause in a sentence

• Each of the events or circumstances set out in this Clause ‎26 is an Event of Default (save for Clause ‎26.15 (Acceleration), Clause ‎26.16 (Super Senior Acceleration) and Clause ‎26.17 (Clean-Up Period)).

• Each of the events or circumstances set out in this Clause 28 is an Event of Default (save for Clause 28.19 (Acceleration), Clause 28.20 (Portfolio-wide Materiality) and Clause 28.21 (Clean-Up Periods), and subject to Clause 28.20 (Portfolio-wide Materiality)).

• Each of the events or circumstances set out in this Clause 26 is an Event of Default (save for Clause 26.19 (Acceleration), Clause 26.20 (Portfolio-wide Materiality) and Clause 26.21 (Clean-Up Periods), and subject to Clause 26.20 (Portfolio-wide Materiality)).

• Tenant and Landlord agree that the Tenant is indebted to Landlord for the full period of the rental period, that is, for a total sum of $Acceleration Clause - Rentx12, payable in monthly installments of $ Monthly Rental Installment.

• If, at any time prior to the Expiry Time, the volume weighted average price of the Common Shares on the CSE is equal to or greater than $3.81 per Common Share over a period of ten (10) consecutive trading days then, at any time thereafter, subject to the Company giving notice to the Warrantholders in the manner set forth in Section 10.2, the Warrants shall expire upon not less than fifteen days' notice (the "Acceleration Clause").

• If based on the specific facts (or Article 11 Acceleration Clause in the General Provisions section of this Agreement), the Bank considers that the Guarantor's credit is poor and finds a need to replace the Guarantor, the Borrower will immediately act in accordance with the notice of the Bank.

• Each of the events or circumstances set out in this Clause 24 is an Event of Default (save for Clause 24.16 (Acceleration), Clause 24.17 (Clean-Up Period) and Clause 24.18 (Excluded and Other Matters)).

• If, and only if, Parent, either unilaterally or in conjunction with the Company, as applicable, terminates this Agreement under Sections 8.1(a) or 8.1(b) above due to the refusal by one or more Company employees other than ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ or ▇▇▇▇ ▇▇▇▇▇▇▇ to waive their Acceleration Clause as set forth in Section 6.3(j), then Parent shall pay, up to a maximum of $15,000, of all reasonable costs and expenses incurred by Company and its shareholders.

• Each of the events or circumstances set out in Clause 13 is an Event of Default (save for Clause 13.10 (Acceleration), Clause 13.11 (Transfer of Shares and Rights) and Clause 13.12 (Senior Debt Security).

• This Note is secured by that certain Deed of Trust and Assignment of Rents (Modified Long Form Acceleration Clause) of even date herewith (the 'Deed of Trust'), encumbering the property commonly known as 5▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ and more particularly described in the Deed of Trust (the 'Property').

More Definitions of Acceleration Clause

Acceleration Clause the bank’s right to demand immediate and full payment of all amounts due in the event of conditions provided for under art. 1186 of the Italian Civil Code.

Acceleration Clause. The EMPLOYEE agrees that in the event the EMPLOYEE fails to make any payment due under any payment plan established pursuant to this agreement in a timely manner, all sums due under the payment plan shall become immediately due and payable. Further, the parties agree that such action shall entitle the CITY to pursue legal remedies for the entire balance immediately. Consideration: The parties hereto expressly acknowledge the existence of consideration to support this agreement, the adequacy and sufficiency of which is duly acknowledged.

Acceleration Clause means if the closing price of the Common Shares on the Exchange is equal to or greater than $0.25 for a period of twenty (20) consecutive days, the Corporation will have the right to accelerate the expiry of the Warrants, by giving written notice to the holders of the Warrants that the Warrants will expire at 5:00 p.m. (Calgary time) on a date that is not less than thirty (30) days from the date notice is given;