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 Issuer or the Trustee shall promptly notify the holders of the Representative (if any) of any issue of Designated Senior Indebtedness which is then outstanding; provided, however, that the Issuer and the Trustee shall be obligated to notify such a Representative (other than with respect to the Senior Credit Facilities) only if such Representative has delivered or caused to be delivered an address for the service of such a notice to the Issuer and the Trustee (and the Issuer and the Trustee shall be obligated only to deliver the notice to the address so specified). If a notice is required pursuant to the immediately preceding sentence, the Issuer may not pay the Securities (except payment (i) in Qualified Capital Stock issued by the Issuer to pay interest on the Securities or issued in exchange for the Securities, (ii) in securities substantially identical to the Securities issued by the Issuer in payment of interest accrued thereon or (iii) securities issued by the Issuer which are subordinated to the Senior Indebtedness at least to the same extent as the Securities and have a Weighted Average Life to Maturity at least equal to the remaining Weighted Average Life to Maturity of the Securities), until five Business Days after the respective Representative of the Designated Senior Indebtedness receives notice (at the address specified in the preceding sentence) of such acceleration and thereafter may pay the Securities only if the provisions of this Article 5 otherwise permit payment at that time.

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Issuer Company or the Trustee shall promptly notify the holders of the Representative (if any) of any issue of Designated Senior Indebtedness which is then outstanding; provided, however, that the Issuer Company and the Trustee shall be obligated to notify such a Representative (other than with respect to the Senior Credit Facilities) only if such Representative has delivered or caused to be delivered an address for the service of such a notice to the Issuer Company and the Trustee (and the Issuer Company and the Trustee shall be obligated only to deliver the notice to the address so specified). If a notice is required pursuant to the immediately preceding sentence, the Issuer Company may not pay the Securities (except payment (i) in Qualified Capital Stock issued by the Issuer Company to pay interest on the Securities or issued in exchange for the Securities, (ii) in securities substantially identical to the Securities issued by the Issuer Company in payment of interest accrued thereon or (iii) securities issued by the Issuer Company which are subordinated to the Senior Indebtedness at least to the same extent as the Securities and have a Weighted Average Life to Maturity at least equal to the remaining Weighted Average Life to Maturity of the Securities), until five Business Days after the respective Representative of the Designated Senior Indebtedness receives notice (at the address specified in the preceding sentence) of such acceleration and thereafter may pay the Securities only if the provisions of this Article 5 Seven otherwise permit payment at that time.

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Issuer Company or the Trustee shall promptly notify the holders of Designated Senior Indebtedness or the Representative (if any) of any issue of Designated Senior Indebtedness which is then outstanding; provided, however, that the Issuer Company and the Trustee shall be obligated to notify such a Representative (other than with respect to the Senior Credit Facilities) only if such Representative has delivered or caused to be delivered an address for the service of such a notice to the Issuer Company and the Trustee (and the Issuer Company and the Trustee shall be obligated only to deliver the notice to the address so specified). If a notice is required pursuant to the immediately preceding sentence, the Issuer Company may not pay the Securities (except payment (ia) in Qualified Capital Stock issued by the Issuer Company to pay interest on the Securities or issued in exchange for the Securities, (iib) in securities substantially identical to the Securities issued by the Issuer Company in payment of interest accrued thereon or (iiic) securities issued by the Issuer Company which are subordinated to the Senior Indebtedness at least to the same extent as the Securities and have a Weighted Average Life to Maturity at least equal to the remaining Weighted Average Life to Maturity of the Securities), until five Business Days after the respective Representative of the Designated Senior Indebtedness receives notice (at the address specified in the preceding sentence) of such acceleration and thereafter may pay the Securities only if the provisions of this Article 5 otherwise permit payment at that time.Designated

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Issuer Company or the Trustee shall promptly notify the holders of the Representative (if any) of any issue of Designated Senior Indebtedness which is then outstanding; provided, however, that the Issuer Company and the Trustee shall be obligated to notify such a Representative (other than with respect to the Senior Credit Facilities) only if such Representative has delivered or caused to be delivered an address for the service of such a notice to the Issuer Company and the Trustee (and the Issuer Company and the Trustee shall be obligated only to deliver the notice to the address so specified). If a notice is required pursuant to the immediately preceding sentence, the Issuer Company may not pay the Securities (except payment (i) in Qualified Capital Stock issued by the Issuer Company to pay interest on the Securities or issued in exchange for the Securities, (ii) in securities substantially identical to the Securities issued by the Issuer Company in payment of interest accrued thereon or (iii) in securities issued by the Issuer Company which are subordinated to the Senior Indebtedness at least to the same extent as the Securities and have a Weighted Average Life to Maturity at least equal to the remaining Weighted Average Life to Maturity of the Securities), until five Business Days after the respective Representative of the Designated Senior Indebtedness receives notice (at the address specified in the preceding sentence) of such acceleration and thereafter may pay the Securities only if the provisions of this Article 5 Seven otherwise permit payment at that time.

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Issuer or the Trustee Company shall promptly notify the holders of or the Representative (if any) of any each issue of Designated Senior Indebtedness which is then outstanding; providedPROVIDED, howeverHOWEVER, that the Issuer Company and the Trustee shall be obligated to notify such a Representative (other than with respect to the Senior Credit Facilities) only if such Representative has delivered or caused to be delivered an address for the service of such a notice to the Issuer Company and the Trustee (and the Issuer Company and the Trustee shall only be obligated only to deliver the notice to the address so specified). If a notice is required pursuant to the immediately preceding sentence, the Issuer Company may not pay the Securities (except payment (i) in Qualified Capital Stock Equity Interests issued by the Issuer Company to pay interest on the Securities or issued in exchange for the Securities, (ii) in securities substantially identical to the Securities issued by the Issuer Company in payment of interest accrued thereon or (iii) in securities issued by the Issuer Company which are subordinated to the Senior Indebtedness at least to the same extent as the Securities and have a Weighted Average Life to Maturity at least equal to the remaining Weighted Average Life to Maturity of the Securities, as long as the court, in approving any payment or distribution or stock or securities of the type described in the preceding clauses (i)-(iii), gives effect to the subordination provisions set forth in this Indenture), until five give Business Days after the respective Representative of the Designated Senior Indebtedness receives notice (at the address specified in the preceding sentence) of such acceleration and thereafter and, thereafter, may pay the Securities only if the provisions of this Article 5 Seven otherwise permit payment at that time.

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of DefaultDefault specified in Section 6.01(vi), the Issuer or the Trustee Company shall promptly notify the holders of or the Representative (if any) of any each issue of Designated Senior Indebtedness which is then outstanding; providedPROVIDED, howeverHOWEVER, that the Issuer Company and the Trustee shall be obligated to notify such a Representative (other than with respect to the Senior Credit Facilities) only if such Representative has delivered or caused to be delivered an address for the service of such a notice to the Issuer Company and the Trustee (and the Issuer Company and the Trustee shall only be obligated only to deliver the notice to the address so specified). If a notice is required pursuant to the immediately preceding sentence, the Issuer Company may not pay the Securities (except payment (i) in Qualified Capital Stock Equity Interests issued by the Issuer Company to pay interest on the Securities or issued in exchange for the Securities, (ii) in securities substantially identical to the Securities issued by the Issuer Company in payment of interest accrued thereon or (iii) in securities issued by the Issuer Company which are subordinated to to, the Senior Indebtedness at least to the same extent as the Securities and have a Weighted Average Life to Maturity at least equal to the remaining Weighted Average Life to Maturity of the Securities, as long as the court, in approving any payment or distribution or stock or securities of the type described in the preceding clauses (i)-(iii), gives effect to the subordination provisions set forth in this Indenture), until five Business Days after the respective Representative of the Designated Senior Indebtedness receives notice (at the address specified in the preceding sentence) of such acceleration and thereafter and, thereafter, may pay the Securities only if the provisions of this Article 5 Seven otherwise permit payment at that time.