Common use of Acceleration of Securities Clause in Contracts

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt of the acceleration. The Company may pay the Securities when 120 days pass after the acceleration occurs if this Article permits the payment at that time.

Appears in 28 contracts

Samples: Indenture (Carnival PLC), Indenture (Carnival PLC), Indenture (Carnival PLC)

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Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt of the acceleration. The Company may shall pay the Securities when 120 179 days pass after the acceleration occurs if this Article permits the payment at that time; provided, however, that if no Senior Debt is outstanding at the time of such acceleration, the Company shall pay the Securities in accordance with the provisions of Article 6.

Appears in 3 contracts

Samples: Del Webb Corp, Del Webb Corp, Del Webb Corp

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders Holders of Senior Debt of the acceleration. The Company may pay the Securities when 120 days pass after the acceleration occurs if this Article permits the payment at that time.

Appears in 2 contracts

Samples: Carramerica Realty Corp, Carramerica Realty L P

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt of the acceleration. The Company may shall pay the Securities when 120 days pass after the acceleration occurs if this Article permits the payment at that time; provided, however, that if no Senior Debt is outstanding at the time of such acceleration, the Company shall pay the Securities in accordance with the provisions of Article 6.

Appears in 2 contracts

Samples: Indenture (Excel Legacy Corp), Agreement (Excel Legacy Corp)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt Indebtedness of the acceleration. The Company may shall pay the Securities when 120 180 days pass after the acceleration occurs if this Article permits the payment at that time; provided, however, that if no Senior Indebtedness is outstanding at the time of such acceleration, the Company shall pay the Securities in accordance with the provisions of Article 6.

Appears in 2 contracts

Samples: Indenture (Key Production Co Inc), Key Production Co Inc

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt Indebtedness of the acceleration. The Company may pay the Securities when 120 days pass after the acceleration occurs if this Article permits the payment at that time.

Appears in 2 contracts

Samples: Sirius Satellite Radio Inc, Cd Radio Inc

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt of the acceleration. The Company may shall pay the Securities when 120 days pass after the acceleration occurs if this Article permits the payment at that time.at

Appears in 1 contract

Samples: Pledge Agreement (Excel Legacy Corp)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt of the acceleration. The Company may pay the BN 83622998v1 Securities when 120 days pass after the acceleration occurs if this Article permits the payment at that time.

Appears in 1 contract

Samples: Indenture (Community West Bancshares)

Acceleration of Securities. If payment of the -------------------------- Securities is accelerated because of an Event of Default, the Company shall promptly notify holders Holders of Senior Debt of the acceleration. The Company may pay the Securities when 120 days pass after the acceleration occurs if this Article permits the payment at that time.

Appears in 1 contract

Samples: NVR Inc

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Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company Trust shall promptly notify holders of Senior Debt of the acceleration. The Company Trust may pay the Securities when 120 days pass after the acceleration occurs if this Article permits the payment at that time.

Appears in 1 contract

Samples: Washington Real Estate Investment Trust

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company Partnership shall promptly notify holders of Senior Debt of the acceleration. The Company Partnership may pay the Securities when 120 days pass after the acceleration occurs if this Article permits the payment at that time.

Appears in 1 contract

Samples: Indenture (Gables Realty Limited Partnership)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt of the acceleration. The Company may shall pay the Securities when 120 days pass after the acceleration occurs if this Article permits the payment at that time; provided, however, that if no Senior Debt is outstanding at the time of such acceleration the Company shall pay the Securities in accordance with the provisions of Article 4.

Appears in 1 contract

Samples: Indenture (Clark Usa Inc /De/)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt Indebtedness of the acceleration. The Company may shall pay the Securities when 120 180 days pass after the acceleration occurs if this Article permits the payment at that time; provided, however, that if no Senior Indebtedness is outstanding at the time of such acceleration, the Company shall pay the Securities in accordance with the provisions of Article Six.

Appears in 1 contract

Samples: MDC Holdings Inc

Acceleration of Securities. If payment of the --------------------------- Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt of the acceleration. The Company shall not make any payment in respect of the Securities until the earlier of five Business Days after such notice is delivered or the date of acceleration of any Designated Senior Debt and, thereafter, may pay the Securities when 120 days pass after the acceleration occurs only if this Article 10 otherwise permits the payment at that time.

Appears in 1 contract

Samples: Advance Auto Parts Inc

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