Acceleration of Maturity Sample Clauses

Acceleration of Maturity. Rescission and Annulment. If an Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing, then and in every such case the Indenture Trustee or the Holders of not less than 25% in principal amount of all the Securities of that series will have the right to declare the principal amount (or, if the Securities of that series are Original Issue Discount Securities or Indexed Securities, such portion of the principal as may be specified in the terms thereof) to be due and payable immediately, by a notice in writing to the Company (and to the Indenture Trustee if given by the Holders), and upon any such declaration such principal or specified portion thereof shall become immediately due and payable. At any time after such a declaration of acceleration with respect to Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the Indenture Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities of that series, by written notice to the Company and the Indenture Trustee, may rescind and annul such declaration of acceleration and its consequences if: (1) the Company has paid or deposited with the Indenture Trustee a sum sufficient to pay in the currency, currency unit or composite currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 3.01 for the Securities of such series): (A) all overdue installments of interest on and any Additional Amounts payable in respect of all Outstanding Securities of that series and any related coupons, (B) the principal of (and premium, if any, on) any Outstanding Securities of that series which have become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates borne by or provided for in such Securities, (C) to the extent that payment of such interest is lawful, interest upon overdue installments of interest and any Additional Amounts at the rate or rates borne by or provided for in such Securities, and (D) all sums paid or advanced by the Indenture Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee, its agents and counsel; and (2) all Events of Default with respect to Securities of that series, other than the nonpayment of the principal of (or premium, if any) or interest on Securities of that series ...
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Acceleration of Maturity. If an Event of Default shall have occurred and be continuing, then the entire Secured Obligations secured hereby shall, at the option of Agent and as permitted by the terms of the Credit Agreement, immediately become due and payable without notice or demand except as required by law, time being of the essence of this Instrument.
Acceleration of Maturity. Upon the happening of any Event of Default, the unpaid principal and interest due Holder shall, at the option of the Holder, become immediately due and payable.
Acceleration of Maturity. Subject to certain exceptions in the Indenture, if an Event of Default shall occur and be continuing, the Principal Amount plus interest through such date on all the Notes may be declared due and payable in the manner and with the effect provided in the Indenture.
Acceleration of Maturity. If an Event of Default shall have occurred and be continuing, then all of the Obligations secured hereby shall, at Collateral Agent's option, immediately become due and payable without notice or demand, time being of the essence hereof; and no omission on the part of Collateral Agent to exercise such option when entitled to do so shall be construed as a waiver of such right, provided that upon an Event of Default under clauses (7) or (8) of the definition of "Event of Default" in Section 6.01 of the Indenture, all Obligations shall immediately become due and payable.
Acceleration of Maturity. If an Event of Default has occurred and is continuing, then at the option of the Beneficiary, the amount of any payment related to the Event of Default and all unpaid Secured Obligations are immediately due and payable, and no omission on the part of the Beneficiary to exercise such option when entitled to do so may be construed as a waiver of such right.
Acceleration of Maturity. In the case of an Event of Default under Section 6.1(g) or (h) with respect to the Company, any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, all outstanding Notes will become due and payable immediately without further action or notice. If any other Event of Default occurs and is continuing (subject to Section 6.15), the Trustee or Holders of at least 25% in aggregate principal amount of the then outstanding Notes may declare all the Notes to be due and payable immediately.
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Acceleration of Maturity. If an Event of Default shall have occurred, then the entire Indebtedness shall, at the option of Lender, immediately become due and payable without notice or demand, time being of the essence of this Security Instrument, and no omission on the part of Lender to exercise such option when entitled to do so shall be construed as a waiver of such right.
Acceleration of Maturity. Upon (a) the occurrence of any Event of Default described in Subsection 10.01(g), 10.01(h), 10.01(i) or 10.01(j) with respect to the Company, the unpaid principal amount of and accrued interest on the Notes and the Loans shall automatically become immediately due and payable, together with all other amounts payable under this Agreement or any Security Document, and the obligation of each Bank to make Loans and the ability of Issuing Bank to issue Permitted Letters of Credit shall automatically terminate, without presentment, demand, protest or further notice (including, without limitation, notice of acceleration and notice of intent to accelerate) of any kind, all of which are hereby expressly waived by the Company and (b) the occurrence of any other Event of Default, the Agent shall at the request, and may with the consent, of the Majority Banks, by notice to the Company, (i) declare the obligation of each Bank to make Loans and the ability of Issuing Bank to issue Permitted Letters of Credit to be terminated whereupon the same shall forthwith terminate, and (ii) declare the unpaid principal amount of and accrued and unpaid interest on the Notes and the Loans, together with all other amounts payable under this Agreement or any Security Document, to be forthwith due and payable, whereupon the principal amount of and accrued and unpaid interest on the Notes and the Loans, and all such other amounts, shall become and be forthwith due and payable, without presentment, demand, protest or further notice (including, without limitation, notice of acceleration and notice of intent to accelerate) of any kind, all of which are hereby expressly waived by the Company. Upon the occurrence of any such Event of Default and the acceleration of the unpaid principal amount of and accrued and unpaid interest on the Notes and the Loans and all other amounts due hereunder and under the Security Documents, the Agent shall at the request, and may with the consent, of the Majority Banks, proceed to protect and enforce the rights of the Creditors either by suit in equity or by action at law or both, whether for the specific performance of any covenant or agreement contained in this Agreement or in any Security Document or in aid of the exercise of any power granted in this Agreement or in any Security Document; or may proceed to enforce the payment of the indebtedness outstanding under the Notes, hereunder and under or secured by the Security Documents and interest thereon in the ...
Acceleration of Maturity. If any Event of Default shall have occurred and be continuing, the Holder or Holders of at least 50.1% in aggregate principal amount of outstanding Notes may, by notice to the Company, declare the entire outstanding principal balance of the Notes, and all accrued and unpaid interest the thereon, to be due and payable immediately, and upon any such declaration the entire outstanding principal balance of the Notes, if any, and said accrued and unpaid interest shall become and be immediately due and payable, without presentment, demand, protest or other notice. whatsoever, all of which are hereby expressly waived, anything in the Notes or in this Agreement to the contrary notwithstanding; provided that if an Event of Default under paragraph (d) or (g) of Section 5 with respect to the Company or any Subsidiary shall have occurred, the outstanding principal amount of all of the Notes, and all accrued and unpaid interest thereon, shall immediately become due and payable in cash, without any declaration and without presentment, demand, protest or other notice whatsoever, all of which are hereby expressly waived, anything in the Notes or this Agreement to the contrary notwithstanding.
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