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 Guarantor may not pay the Guarantee until five Business Days after the Administrative Agent receives notice of such acceleration and, thereafter, may pay the Guarantee only if this Article 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 applicable) shall promptly notify the Administrative Agent. If any amounts owing under the Credit Facility are outstanding, the Guarantor Company may not pay the Guarantee Notes until five Business Days after the Administrative Agent receives notice of such acceleration and, thereafter, may pay the Guarantee Notes only if this Article 18 13 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 Guarantor Company may not pay the Guarantee Notes until five Business Days after the Administrative Agent receives and the Counterparties receive notice of such acceleration and, thereafter, may pay the Guarantee Notes only if this Article 18 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 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 Guarantor Company may not pay the Guarantee Notes until five Business Days after the Administrative Agent receives and the Counterparties receive notice of such acceleration and, thereafter, may pay the Guarantee Notes only if this Article 18 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 Guarantor Company may not pay the Guarantee Notes until five Business Days after the Administrative Agent receives notice of such acceleration and, thereafter, may pay the Guarantee Notes only if this Article 18 6 otherwise permits payment at that time.
Appears in 1 contract