Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Senior Indebtedness (if any is outstanding) of the Company (or their Representative) of the acceleration. If Senior Indebtedness of the Company is outstanding, the Company may not make payments under the Notes in respect of such acceleration until five Business Days after such notice, subject to Section 10.2 and Section 10.3.
Appears in 3 contracts
Samples: Indenture (Danielson Holding Corp), Indenture (Covanta Energy Corp), Indenture (Covanta Energy Corp)
Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (if any is outstanding) or the authorized representatives of the Company (or their Representativesuch holders) of the acceleration. If Senior Indebtedness of the The Company is outstanding, the Company may shall not make payments under pay the Notes in respect of such acceleration until five ten Business Days after such noticeholders or the authorized representatives of such holders receive notice of such acceleration and, subject to Section 10.2 and Section 10.3thereafter, may pay the Notes only if permitted under this Article 10.
Appears in 2 contracts
Samples: Senior Subordinated Note Purchase Agreement (Smith & Wollensky Restaurant Group Inc), Senior Subordinated Note Purchase Agreement (New York Restaurant Group Inc)
Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the all Senior Indebtedness (if any is outstanding) of the Company Debt (or their Representativethe Representative of such holders) of the acceleration. If any Senior Indebtedness Debt is outstanding none of the Company is outstanding, the Company or any Guarantor may not make payments under pay the Notes in respect of such acceleration until five Business Days after the Representative of all Senior Debt receives notice of such noticeacceleration and, subject thereafter, may pay the Notes only if such payments are otherwise permitted pursuant to Section 10.2 and Section 10.3this Article XI at such time.
Appears in 2 contracts
Samples: Indenture (Goss Holdings Inc), Indenture (Goss Holdings Inc)
Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Senior Indebtedness (if any is outstanding) of the Company (or their Representative) of the acceleration. If Senior Indebtedness of any Issuer or the Company is outstanding, the Company may not make payments under the Notes in respect Representative of such holders of the acceleration until five Business Days after (in the case of the Trustee, only to the extent of its actual knowledge of such noticeholders or the Representative of such holders). Such no- xxxx is in addition to, subject and not in lieu of, any notice that may be required to be delivered under Section 10.2 and Section 10.36.02 prior to the effectiveness of any such acceleration.
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Samples: Indenture (Muzak Finance Corp)
Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (if any is outstanding) of the Company (or their RepresentativeRepresentatives) of the acceleration. If Senior Indebtedness of the Company is outstanding, the The Company may not make payments under pay the Notes in respect of such acceleration until five Business Days after the Holders or the Representatives of the Designated Senior Indebtedness receive notice of such noticeacceleration and, subject to Section 10.2 and Section 10.3.thereafter, may pay the Notes in accordance with this Article X.
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Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (if any is outstanding) Debt of the Company (or their RepresentativeRepresentatives) of the acceleration. If any Designated Senior Indebtedness Debt of the Company is outstanding, the Company may shall not make payments under pay the Notes in respect of such acceleration until five Business Days after the Representatives of all the issues of Designated Senior Debt of the Company receive notice of such noticeacceleration and, subject thereafter, shall be entitled to Section 10.2 and Section 10.3pay the Notes only if this Article 10 otherwise permits payment at that time.
Appears in 1 contract
Samples: Indenture (Spheris Leasing LLC)
Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (if any is outstanding) of the Company (or their Representative) of the acceleration. If any Designated Senior Indebtedness of the Company is outstanding, the Company may not make payments under pay the Notes in respect of such acceleration until five Business Days after such noticeholders or the Representative 80 of such Designated Senior Indebtedness receive notice of such acceleration and, subject to Section 10.2 and Section 10.3thereafter, may pay the Notes only if this Article 10 otherwise permits payment at that time.
Appears in 1 contract
Samples: Indenture (Berry Plastics Corp)
Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Senior Indebtedness (if any is outstanding) of the Company (or their Representative) of the acceleration. If Designated Senior Indebtedness of the Company is outstanding, or the Company may not make payments under the Notes in respect Representative of such holders of the acceleration until five Business Days after (in the case of the Trustee, only to the extent of its actual knowledge of such noticeholders or the Representative of such holders). Such notice is in addition to, subject and not in lieu of, any notice that may be required to be delivered under Section 10.2 and Section 10.3.6.02 prior to the effectiveness of any such acceleration. ARTICLE ELEVEN
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Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (if any is outstanding) of the Company (or their Representative) of the acceleration. If any Designated Senior Indebtedness of the Company is outstanding, the Company may not make payments under pay the Notes in respect of such acceleration until five Business Days after such noticeholders or the Representative of the Designated Senior Indebtedness receive notice of such acceleration and, subject to Section 10.2 and Section 10.3thereafter, may pay the Notes only if this Article 10 otherwise permits payment at that time.
Appears in 1 contract
Samples: Indenture (Wesco International Inc)
Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (if any is outstanding) of the Company (or their RepresentativeRepresentatives) of the acceleration. If Senior Indebtedness of Under no circumstances shall the Company is outstanding, the Company may not make payments under pay the Notes in respect of such acceleration until five Business Days after the Representatives of all Designated Senior Indebtedness receive notice of such noticeacceleration, subject and thereafter, the Company shall pay the Notes only if the payments are otherwise permitted pursuant to Section 10.2 and Section 10.3this Article 10 at such time.
Appears in 1 contract
Samples: Indenture (Scotsman Industries Inc)