Optional Acceleration definition
Examples of Optional Acceleration in a sentence
In the event of an Optional Acceleration, Collateral Agent shall deliver to Purchaser, no later than 12:00 p.m. New York City time on the Optional Acceleration Date, the Exchange Amount as set forth below.
Upon receipt of any notice from Shareholder in respect of an Optional Acceleration election, adjustment or election in respect of a Dilution Event of Reorganization Event or substitution of Collateral, Purchaser shall issue a press release announcing the delivery of such notice and the relevant election or adjustment notified therein or post the relevant information on a publicly available website.
The settlement for an Optional Acceleration (such date of settlement referred to as an “Optional Acceleration Date”) will be accelerated to a Trading Day between the first Trading Day and the fourth Trading Day, at the Shareholder’s election, following the five Trading Day period immediately following the Optional Acceleration Notice Date; provided that the Shareholder must elect the same Optional Acceleration Date elected by each other Shareholder.
If Shareholder delivers a notice of Optional Acceleration to Purchaser, Purchaser will promptly (and, in any event, within one Scheduled Trading Day) deliver notice of such election to the holders of the Trust Securities.
Optional Acceleration of Purchase Obligations; Authorization of Agent by Holder; Transferees Bound..............................................23 SECTION 3.06.
Optional Acceleration of Purchase Obligations; Authorization of Agent by Holder; Transferees Bound....................................................27 SECTION 3.06.
Optional Acceleration of Maturity...........................................
Optional Acceleration of Maturity..................59 Section 7.03.
The distributions described in this paragraph (f) shall be made to Holders of record as of the close of business on the Optional Acceleration Date.
Concurrently with the delivery of any notice to Purchaser in respect of a Cash Settlement election, Optional Acceleration election, adjustment or election in respect of a Dilution Event of Reorganization Event or substitution of collateral, Shareholder Ultimate Parent, on Shareholder’s behalf, will issue a press release announcing the delivery of such notice and the relevant election or adjustment notified therein.