Common use of Acceleration of Securities Clause in Contracts

Acceleration of Securities. If payment of the Notes is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt of the acceleration.

Appears in 19 contracts

Samples: Indenture (Moog Inc), Indenture (Classic Network Transmission LLC), Senior Subordinated Note Purchase Agreement (Transtechnology Corp)

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Acceleration of Securities. If payment Payment of the Notes is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt Indebtedness of the acceleration.

Appears in 3 contracts

Samples: Nextwave Personal Communications Inc, Nextwave Personal Communications Inc, Nextwave Personal Communications Inc

Acceleration of Securities. If payment of the Notes is accelerated because of an Event of Default, the Company Issuer shall promptly notify holders of Senior Debt Indebtedness of the acceleration.

Appears in 1 contract

Samples: Decrane Holdings Co

Acceleration of Securities. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify holders of Senior Debt Indebtedness of the acceleration.

Appears in 1 contract

Samples: Personal Care Holdings Inc

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Acceleration of Securities. If payment of the Notes is accelerated because of an Event of Default, the Company Issuer shall promptly notify holders of Senior Debt of the acceleration.

Appears in 1 contract

Samples: Petco Animal Supplies Inc

Acceleration of Securities. If payment of the Notes is accelerated because of an Event of DefaultDefault or if an Event of Default on the Notes occurs, the Company shall promptly notify holders of Senior Debt Indebtedness of the acceleration.

Appears in 1 contract

Samples: Iesi Tx Corp

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