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 Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness of the Company (or their Representatives) of the acceleration. If any Designated Senior Indebtedness of the Company is outstanding, neither the Company nor any Subsidiary Guarantor may pay the Notes until five Business Days after the Representatives of all the issues of such Designated Senior Indebtedness receive notice of such acceleration and, thereafter, may pay the Notes only if this Article Ten otherwise permits payment at that time.

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 Designated Senior Indebtedness of the Company Debt (or their Representativesthe Representative of such holders) of the acceleration. If any Designated Senior Indebtedness Debt is outstanding none of the Company is outstanding, neither the Company nor or any Subsidiary Guarantor may pay the Notes until five Business Days after the Representatives Representative of all the issues of such Designated Senior Indebtedness receive Debt receives notice of such acceleration and, thereafter, may pay the Notes only if such payments are otherwise permitted pursuant to this Article Ten otherwise permits payment 11 at that such time.

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 of the Company (or their Representatives) of the acceleration. If any Designated Senior Indebtedness of the Company is outstandingoutstanding at the time of such acceleration, neither the Company nor any Subsidiary Guarantor may pay the Notes until five Business Days after the Representatives of all the issues of such Designated Senior Indebtedness of the Company receive notice of such acceleration and, thereafter, may pay the Notes only if this Article Ten X otherwise permits payment at that time.

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 of the Company (or their RepresentativesRepresentative) of the acceleration. If any Designated Senior Indebtedness of the Company is outstanding, neither such acceleration will not be effective and the Company nor any Subsidiary Guarantor may not pay the Notes until five Business Days after such holders or the Representatives Representative of all the issues of such each Designated Senior Indebtedness receive notice of such acceleration and, thereafter, the Company may pay the Notes only if this Article Ten 14 otherwise permits payment at that timepayment.

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 Debt of the Company (or their Representatives) of the acceleration. If any Designated Senior Indebtedness Debt of the Company is outstanding, neither the Company nor any Subsidiary Guarantor may shall pay the Notes until five Business Days after the Representatives of all the issues of such Designated Senior Indebtedness Debt receive notice of such acceleration and, thereafter, may shall be entitled to pay the Notes only if this Article Ten otherwise permits payment at that time.