Common use of Acceleration of Payment of Notes Clause in Contracts

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Trustee (provided that a Responsible Officer of the Trustee shall have received written notice of such Event of Default from the Company or Holders, as applicable) shall promptly notify the Administrative Agent. If any amounts owing under the Credit Facility are outstanding, the Company may not pay the Notes until five Business Days after the Administrative Agent receives notice of such acceleration and, thereafter, may pay the Notes only if this Article 13 otherwise permits payment at that time.

Appears in 3 contracts

Samples: Indenture (Envestnet, Inc.), Indenture (Envestnet, Inc.), Indenture (Envestnet, Inc.)

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Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Trustee (provided that a Responsible Officer of the Trustee shall have received written notice of such Event of Default from the Company or Holders, as applicable) shall promptly notify the Administrative Agent. If any amounts owing under the Credit Facility are outstanding, the Company Guarantor may not pay the Notes Guarantee until five Business Days after the Administrative Agent receives notice of such acceleration and, thereafter, may pay the Notes Guarantee only if this Article 13 18 otherwise permits payment at that time.

Appears in 3 contracts

Samples: Indenture (Envestnet, Inc.), Indenture (Envestnet, Inc.), Indenture (Envestnet, Inc.)

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Trustee (provided that a Responsible Officer of the Trustee shall have received written notice of such Event of Default from the Company or Holders, as applicableits Representative) shall promptly notify the Administrative AgentRepresentative of the Lenders and the Counterparties. If any amounts owing under the Senior Credit Facility and the Hedging Obligations are outstanding, the Company may not pay the Notes until five Business Days after the Administrative Agent receives and the Counterparties receive notice of such acceleration and, thereafter, may pay the Notes only if this Article 13 16 otherwise permits payment at that time.

Appears in 1 contract

Samples: Indenture (Alaska Communications Systems Group Inc)

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Trustee (provided that a Responsible Officer of the Trustee shall have received written notice of such Event of Default from the Company or Holders, as applicable) shall promptly notify the Administrative Agent. If any amounts owing under the Credit Facility are outstanding, the Company may not pay the Notes until five Business Days after the Administrative Agent receives notice of such acceleration and, thereafter, may pay the Notes only if this Article 13 6 otherwise permits payment at that time.

Appears in 1 contract

Samples: First Supplemental Indenture (Envestnet, Inc.)

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Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Trustee (provided that a Responsible Officer of the Trustee shall have received written notice of such Event of Default from the Company or Holders, as applicableits Representative) shall promptly notify the Administrative AgentRepresentative of the Lenders and the Counterparties. If any amounts owing under the Bank Credit Facility and the Hedging Obligations are outstanding, the Company may not pay the Notes until five Business Days after the Administrative Agent receives and the Counterparties receive notice of such acceleration and, thereafter, may pay the Notes only if this Article 13 16 otherwise permits payment at that time.

Appears in 1 contract

Samples: Alaska Communications Systems Group Inc

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