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;

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 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;

Examples of Acceleration Clause in a sentence

• Acceleration Clause - A clause in a Deed of Trust or Note that accelerates or hastens the time when the debt becomes due.

• My determination that Defendants did not breach their obligation to pay either the Monotherapy or the Combination Milestones obviates the need to take up Plaintiffs’ claim under the Acceleration Clause.

• The Supply Agreement includes an Acceleration Clause for the repayment of the $45,000 Advance upon the occurrence of certain events.

• 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)).

• Because of the requirement to maintain a lock box arrangement with Webster and Webster’s ability to invoke a subjective acceleration clause at its discretion, borrowings under the Credit Facility are classified as current at September 30, 2006 and December 31, 2005, in accordance with EITF 95-22, Balance Sheet Classification of Borrowings Outstanding Under Revolving Credit Agreements That Include Both a Subjective Acceleration Clause and a Lock-Box Agreement.

• Pursuant to the Purchase Agreement, Coach Works sold substantially all of the Body Shop’s assets to M&M Collision, thereby triggering the Acceleration Clause.

• 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)).

• The total amount of the Shares tendered in the Offer may increase up to additional 1,500,000 shares should the beneficiaries of the Stock Option Plan exercise in advance and prior to the expiration of the Tender Period all their options pursuant to the Acceleration Clause, causing the Issuer to assign them a corresponding number of Treasury Shares.

• 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").

• As a result of these breaches, plaintiffasserts that it is entitled to enforce the Acceleration Clause on the face of each SMA, requiring defendants to pay the balance due on the term of each SMA, rather than just the actual missed payments.

More Definitions of Acceleration Clause

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;

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 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.