Common use of Acceleration of Payment of Securities Clause in Contracts

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration.

Appears in 11 contracts

Samples: Indenture (United States Can Company /De/), Indenture (Us Can Corp), Indenture (Amtrol Inc /Ri/)

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Acceleration of Payment of Securities. If payment of the Securities 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.

Appears in 10 contracts

Samples: Indenture (Columbus McKinnon Corp), Purchase Agreement (Amh Holdings, LLC), Indenture (Associated Materials, LLC)

Acceleration of Payment of Securities. If payment of the Subordinated Securities is accelerated because of an Event of Default, the Company or the Trustee Partnership shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration.

Appears in 10 contracts

Samples: Indenture (K-Sea Transportation Inc.), Indenture (ETC Texas Pipeline, LTD), Indenture (K-Sea Transportation Inc.)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee (provided that the Trustee shall have received written notice from the Company, on which notice the Trustee shall be entitled to conclusively rely) shall promptly notify the holders of the Designated Senior Indebtedness of the Company (or their RepresentativesRepresentative) of the acceleration.

Appears in 8 contracts

Samples: Indenture (Verso Paper Corp.), Third Supplemental Indenture (Verso Paper Corp.), Indenture (Rexnord Corp)

Acceleration of Payment of Securities. If payment of the Subordinated Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration.

Appears in 6 contracts

Samples: Subordinated Indenture (Pardril Inc), Subordinated Indenture (Jones Energy, Inc.), Subordinated Indenture (AMI 2, Inc.)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee (upon receipt of the requisite information from the Company) shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the Company of the acceleration.

Appears in 4 contracts

Samples: Indenture (Denbury Resources Inc), Indenture (Denbury Management Inc), Indenture (Denbury Resources Inc)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their RepresentativesRepresentative) of the acceleration.

Appears in 3 contracts

Samples: Indenture (Kelley Operating Co LTD), Indenture (Kelley Oil & Gas Corp), Indenture (Texas Petrochemicals Corp)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company Company, the Subsidiary Guarantors or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration.. If

Appears in 2 contracts

Samples: Indenture (International Wire Group Inc), Indenture (Wire Harness Industries Inc)

Acceleration of Payment of Securities. If payment of the Securities 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.

Appears in 2 contracts

Samples: Indenture (Memberworks Inc), Indenture (Artesyn Technologies Inc)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee at the direction and expense of the Company shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration.

Appears in 2 contracts

Samples: Indenture (Aqua Chem Inc), Indenture (Aqua Chem Inc)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company Company, the Subsidiary Guarantors or the Trustee shall promptly notify the holders of the Designated Senior Credit Facility Indebtedness (or their Representatives) Representatives of the acceleration.

Appears in 2 contracts

Samples: Indenture (International Wire Group Inc), Indenture (International Wire Rome Operations, Inc.)

Acceleration of Payment of Securities. If payment of -------------------------------------- the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration.

Appears in 2 contracts

Samples: Indenture (21st Century Telecom Group Inc), Indenture (DR Sales Inc)

Acceleration of Payment of Securities. If payment of the Securities 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.

Appears in 2 contracts

Samples: Indenture (Medical Documenting Systems Inc), Indenture (United Surgical Partners International Inc)

Acceleration of Payment of Securities. If payment -------------------------------------- of the Securities 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.

Appears in 2 contracts

Samples: Indenture (Blum Capital Partners Lp), Indenture (Cbre Holding Inc)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness of Subsidiary Guarantors (or their Representatives) of the acceleration.

Appears in 1 contract

Samples: Indenture (United States Can Company /De/)

Acceleration of Payment of Securities. If payment of the Securities 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 Guarantors (or their Representatives) of the acceleration.

Appears in 1 contract

Samples: Indenture (Us Can Corp)

Acceleration of Payment of Securities. If payment of -------------------------------------- the Securities 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.

Appears in 1 contract

Samples: Indenture (Fs Equity Partners Iii Lp)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Bank Indebtedness (or their RepresentativesRepresentative) of the acceleration.

Appears in 1 contract

Samples: Indenture (Octel Developments PLC)

Acceleration of Payment of Securities. If payment of the Subordinated Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration.

Appears in 1 contract

Samples: Indenture (Parker Hannifin Corp)

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Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness of Guarantor (or their Representatives) of the acceleration.

Appears in 1 contract

Samples: Indenture (Rio Hotel & Casino Inc)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness Debt (or their Representatives) of the acceleration.

Appears in 1 contract

Samples: Indenture (Dii Group Inc)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (Debt or their Representatives) Representative of the acceleration.

Appears in 1 contract

Samples: Exchange Indenture (Benedek Communications Corp)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee Partnership shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration.

Appears in 1 contract

Samples: Subordinated Indenture (Buckeye Partners, L.P.)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (Debt or their Representatives) Representatives of the acceleration.

Appears in 1 contract

Samples: Indenture (Petroleum Heat & Power Co Inc)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee (provided that the Trustee shall have received written notice from the Company, on which notice the Trustee shall be entitled to conclusively rely) shall promptly notify the holders Representative of the Designated Senior Indebtedness (or their Representatives) Debt of the Company of the acceleration.

Appears in 1 contract

Samples: Indenture (Sea Coast Foods, Inc.)

Acceleration of Payment of Securities. If payment of the Securities 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.

Appears in 1 contract

Samples: Indenture (Travelcenters Realty Inc)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee (provided, that the Trustee shall have received written notice from the Company, on which notice the Trustee shall be entitled to conclusively rely) shall promptly notify the holders of the Designated Senior Indebtedness of the Company (or their RepresentativesRepresentative) of the acceleration.

Appears in 1 contract

Samples: Indenture (Nalco Energy Services Equatorial Guinea LLC)

Acceleration of Payment of Securities. If payment of the Securities 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; provided that any failure to give such notice shall have no effect whatsoever on the provisions of this Article 10.

Appears in 1 contract

Samples: Indenture (Westborn Service Center, Inc.)

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration.

Appears in 1 contract

Samples: Indenture (Bremen Bearings Inc)

Acceleration of Payment of Securities. If payment ------------------------------------- of the Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration.

Appears in 1 contract

Samples: Indenture (Delco Remy International Inc)

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