Common use of Acceleration of Securities Clause in Contracts

Acceleration of Securities. In the event that any Securities are declared due and payable before their Stated Maturity pursuant to Section 6.2, then and in such event the Company shall promptly notify holders of Senior Indebtedness of such acceleration. The Company may not pay the Securities until 120 days have passed after such acceleration occurs and may thereafter pay the Securities if this Article XII permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.3, and if such facts then shall have been known or thereafter shall have been made known to the Trustee (as provided in Section 12.10) or to such Holder, as the case may be, pursuant to the terms of this Indenture, then and in such event such payment shall be paid over and delivered forthwith to the Company by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtedness. The provisions of this Section 12.3 shall not apply to any payment with respect to which Section 12.2 would be applicable.

Acceleration of Securities. In the event that any Securities are declared due and payable before their Stated Maturity pursuant to Section 6.25.1, then and in such event the Company shall promptly notify holders of Senior Indebtedness Indebtedness, if any, of such acceleration. The If any Senior Indebtedness shall be Outstanding, the Company may not pay the Securities until 120 179 days have passed after such acceleration occurs and may thereafter pay the Securities if this Article XII Eleven permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.311.3, and if such facts then shall have been known or thereafter shall have been made known to the Trustee (as provided in Section 12.10) 11.10 or to such Holder, as the case may be, pursuant to the terms of this Indenture, then and in such event such payment shall be paid over and delivered forthwith to the Company by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtedness. The provisions of this Section 12.3 11.3 shall not apply to any payment with respect to which Section 12.2 11.2 would be applicable.

Acceleration of Securities. In the event that any Securities are declared due and payable before their Stated Maturity pursuant to Section 6.2, then and in each such event the Company shall promptly notify holders of Senior Indebtedness of such acceleration. The Company may not pay the Securities until 120 days have passed after such acceleration occurs and may thereafter pay the Securities if this Article XII permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.3, and if such facts then shall have been known or thereafter shall have been made known to the Trustee (as provided in Section 12.10) or to such Holder, as the case may be, pursuant to the terms of this Indenture, then and in such event such payment shall be paid over and delivered forthwith to the Company for the benefit of the holders of Senior Indebtedness by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtednesspayment. The provisions of this Section 12.3 shall not apply to any payment with respect to which Section 12.2 would be applicable.

Acceleration of Securities. In the event that any Securities are declared due and payable before their Stated Maturity pursuant to Section 6.2, then and in such event the Company shall promptly notify holders of Senior Indebtedness of such acceleration. The Company may not pay the Securities until 120 days have passed after such acceleration occurs and may thereafter pay the Securities if this Article XII XIII permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.313.3, and if such facts then shall have been known or thereafter shall have been made known to the Trustee (as provided in Section 12.1013.10) or to such Holder, as the case may be, pursuant to the terms of this Indenture, then and in such event such payment shall be paid over and delivered forthwith to the Company by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtedness. The provisions of this Section 12.3 13.3 shall not apply to any payment with respect to which Section 12.2 13.2 would be applicable.

Acceleration of Securities. In the event that any Securities are declared due and payable before their Stated Maturity pursuant to Section 6.2, then and in each such event the Company shall promptly notify holders of Senior Indebtedness of such acceleration. The Company may not pay the Securities until 120 days have passed after such acceleration occurs and may thereafter pay the Securities if this Article XII permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.3, and if such facts then shall have been known or thereafter shall have been made known to the Trustee (as provided in Section 12.10) or to such Holder, as the case may be, pursuant to the terms of this Indenture, then and in each such event such payment shall be paid over and delivered forthwith to the Company for the benefit of the holders of Senior Indebtedness by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtednesspayment. The provisions of this Section 12.3 shall not apply to any payment with respect to which Section 12.2 would be applicable.

Acceleration of Securities. In the event that any Securities of a series are declared due and payable before their Stated Maturity pursuant to Section 6.25.2, then and in such event the Company shall promptly notify holders of Senior Indebtedness of such acceleration. The Company may not pay the Securities of that series until 120 days have passed after such acceleration occurs and may thereafter pay the Securities of that series if this Article XII Sixteen permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.316.3, and if such facts then shall have been known or thereafter shall have been made known to the Trustee (as provided in Section 12.10) 16.10 or to such Holder, as the case may be, pursuant to the terms of this Indenture, then and in such event such payment shall be paid over and delivered forthwith to the Company by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtedness. The provisions of this Section 12.3 16.3 shall not apply to any payment with respect to which Section 12.2 16.2 would be applicable.

Acceleration of Securities. In the event that any Securities are declared due and payable before their Stated Maturity pursuant to Section 6.2, then and 62 in such event the Company shall promptly notify holders of Senior Indebtedness of such acceleration. The Company may not pay the Securities until 120 days have passed after such acceleration occurs and may thereafter pay the Securities if this Article XII XIII permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.313.3, and if such facts then shall have been known or thereafter shall have been made known to the Trustee (as provided in Section 12.1013.10) or to such Holder, as the case may be, pursuant to the terms of this Indenture, then and in such event such payment shall be paid over and delivered forthwith to the Company by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtedness. The provisions of this Section 12.3 13.3 shall not apply to any payment with respect to which Section 12.2 13.2 would be applicable.

Acceleration of Securities. In the event that any Securities are declared due and payable before their Stated Maturity pursuant to Section 6.26.02, then and in such event the Company shall promptly notify holders of Senior Indebtedness of such acceleration. The Company may not pay the Securities until 120 days have passed after such acceleration occurs and may thereafter pay the Securities if this Article XII 10 permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.310.03, and if such facts then shall have been known or thereafter shall have been made known to the Trustee (as provided in Section 12.10) 10.10 or to such Holder, as the case may be, pursuant to the terms of this Indenture, then and in such event such payment shall be paid over and delivered forthwith to the Company by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtedness. The provisions of this Section 12.3 10.03 shall not apply to any payment with respect to which Section 12.2 10.02 would be applicable.

Acceleration of Securities. In the event that any Securities are declared due and payable before their Stated Maturity pursuant to Section 6.25.1, then and in such event the Company shall promptly notify holders of Senior Indebtedness Indebtedness, if any, of such acceleration. The If any Senior Indebtedness shall be Outstanding, the Company may not pay the Securities until 120 179 days have passed after such acceleration occurs and may thereafter pay the Securities if this Article XII Eleven permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.311.3, and if such facts then shall have been known or thereafter shall have been made known to the Trustee (in writing as provided in Section 12.10) 11.10 or to such Holder, as the case may be, pursuant to the terms of this Indenture, then and in such event such payment shall be paid over and delivered forthwith to the Company by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtedness. The provisions of this Section 12.3 11.3 shall not apply to any payment with respect to which Section 12.2 11.2 would be applicable.

Acceleration of Securities. In the event that any Securities are declared due and payable before their Stated Maturity pursuant to Section 6.2, then and in each such event the Company shall promptly notify holders of Senior Indebtedness of such acceleration. The Company may not pay the Securities until 120 days have passed after such acceleration occurs and may thereafter pay the Securities if this Article XII permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.3, and if such facts then shall have been known or thereafter shall have been made known to the Trustee (as provided in Section 12.10) or to such Holder, as the case may be, pursuant to the terms of this Indenture, then and in such event such payment shall be paid over and delivered forthwith to the Company by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtedness. The provisions of this Section 12.3 shall not apply to any payment with respect to which Section 12.2 would be applicable.the

Acceleration of Securities. In the event that any -------------------------- Securities of a series are declared due and payable before their Stated Maturity pursuant to Section 6.25.2, then and in such event the Company shall promptly notify holders of Senior Indebtedness of such acceleration. The Company may not pay the Securities of that series until 120 days have passed after such acceleration occurs and may thereafter pay the Securities of that series if this Article XII Sixteen permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.316.3, and if such facts then shall have been known or thereafter shall have been made known to the Trustee (as provided in Section 12.10) 16.10 or to such Holder, as the case may be, pursuant to the terms of this Indenture, then and in such event such payment shall be paid over and delivered forthwith to the Company by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtedness. The provisions of this Section 12.3 16.3 shall not apply to any payment with respect to which Section 12.2 16.2 would be applicable.

Acceleration of Securities. In the event that any -------------------------- Securities are declared due and payable before their Stated Maturity pursuant to Section 6.26.02, then and in such event the Company shall promptly notify holders of Senior Indebtedness of such acceleration. The Company may not pay the Securities until the earlier of (i) the passage of 120 or more days have passed after such acceleration occurs or (ii) the payment in full of all Senior Indebtedness, and may thereafter pay the Securities if this Article XII X permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.310.03, and if such facts then shall have been known shall, at or thereafter shall prior to the time of such payment, have been made known to the Trustee (as provided in Section 12.10) or to such Holderor, as the case may be, pursuant to the terms of this Indenturesuch Holder, then and in such event such payment shall be paid over and delivered forthwith to the Company by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtedness. The provisions of this Section 12.3 10.03 shall not apply to any payment with respect to which Section 12.2 10.02 would be applicable.

Acceleration of Securities. In the event that any Securities are declared due and payable before their Stated Maturity pursuant to Section 6.26.02, then and in such event the Company shall promptly notify holders of Senior Indebtedness of such acceleration. The Company may not pay the Securities until the earlier of (i) the passage of 120 or more days have passed after such acceleration occurs or (ii) the payment in full of all Senior Indebtedness, and may thereafter pay the Securities if this Article XII 10 permits the payment at that time. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Securities prohibited by the foregoing provisions of this Section 12.310.03, and if such facts then shall have been known shall, at or thereafter shall prior to the time of such payment, have been made known to the Trustee (as provided in Section 12.10) or to such Holderor, as the case may be, pursuant to the terms of this Indenturesuch Holder, then and in such event such payment shall be paid over and delivered forthwith to the Company by or on behalf of the person holding such payment for the benefit of the holders of Senior Indebtedness. The provisions of this Section 12.3 10.03 shall not apply to any payment with respect to which Section 12.2 10.02 would be applicable.