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, the Subsidiary Guarantors or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness and their Representatives of the acceleration. If any Designated Senior Indebtedness is outstanding, neither the Company (in the case of any Designated Senior Indebtedness of the Company) nor any Subsidiary Guarantor (in the case of any Designated Senior Indebtedness of such Subsidiary Guarantor) may pay the Securities, either directly or pursuant to the Subsidiary Guarantee, until five Business days after the Representative of such Designated Senior Indebtedness receives notice of such acceleration and, thereafter, the Company (in the case of any Designated Senior Indebtedness of the Company) or such Subsidiary Guarantor (in the case of any Designated Senior Indebtedness of such Subsidiary Guarantor) may pay the Securities, either directly or pursuant to the Subsidiary Guarantee, only if this Article X otherwise permits payments at that time.

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company, the each Subsidiary Guarantors or Guarantor and the Trustee shall promptly notify the holders of the Designated Senior Indebtedness and or Designated Guarantor Senior Indebtedness (or their Representatives Representatives) of the acceleration; provided, however, that the Company and the Trustee shall be obligated to notify such a Representative only if such Representative has delivered or caused to be delivered to the Company and the Trustee an address for service of such a notice (and the Company and the Trustee shall only be obligated to deliver the notice to the address so specified). If any Designated Senior Indebtedness or Designated Guarantor Senior Indebtedness is outstanding, neither the Company (in the case of any Designated Senior Indebtedness of the Company) nor any each Subsidiary Guarantor (in the case of any Designated Senior Indebtedness of such Subsidiary Guarantor) may shall not pay the Securities, either directly or pursuant to the Subsidiary Guarantee, Securities until five Business days Days after the Representative holders or Representative(s) of such Designated Senior Indebtedness or Designated Guarantor Senior Indebtedness of the applicable Subsidiary Guarantor receives notice of such acceleration and, thereafter, the Company (in the case of any Designated Senior Indebtedness of the Company) or such Subsidiary Guarantor (in the case of any Designated Senior Indebtedness of such Subsidiary Guarantor) may pay the Securities, either directly or pursuant to the Subsidiary Guarantee, only if this Article X XII otherwise permits payments at that time.

Acceleration of Payment of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company, the each Subsidiary Guarantors or Guarantor and the Trustee shall promptly notify the holders of the Designated Senior Indebtedness and or Designated Guarantor Senior Indebtedness (or their Representatives Representatives) of the acceleration; provided, however, that the Company and the Trustee shall be obligated to notify such a Representative only if such Representative has delivered or caused to be delivered to the Company and the Trustee an address for service of such a notice (and the Company and the Trustee shall only be obligated to deliver the notice to the address so specified). If any Designated Senior Indebtedness or Designated Guarantor Senior Indebtedness is outstanding, neither the Company (in the case of any Designated Senior Indebtedness of the Company) nor any each Subsidiary Guarantor (in the case of any Designated Senior Indebtedness of such Subsidiary Guarantor) may shall not pay the Securities, either directly or pursuant to the Subsidiary Guarantee, Securities until five Business days Days after the holders or Representative of such Designated Senior Indebtedness or Designated Guarantor Senior Indebtedness of the applicable Subsidiary Guarantor receives notice of such acceleration and, thereafterafter that five Business Day period, the Company (in the case of any Designated Senior Indebtedness of the Company) or such Subsidiary Guarantor (in the case of any Designated Senior Indebtedness of such Subsidiary Guarantor) may pay the Securities, either directly or pursuant to the Subsidiary Guarantee, only if this Article X XII otherwise permits payments payment at that time.