Common use of Acceleration of the Bonds Clause in Contracts

Acceleration of the Bonds. (a) If an Event of Default has occurred and is continuing, the Trustee is entitled to, on behalf of the Bondholders (i) by notice to the Issuer, declare all, but not some only, of the Bonds due for payment together with any other amounts payable under the Finance Documents, immediately or at such later date as the Trustee determines (but such date may not fall after the Final Maturity Date), and (ii) exercise any or all of its rights, remedies, powers and discretions under the Finance Documents.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement, Amendment and Restatement Agreement, Amendment and Restatement Agreement

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Acceleration of the Bonds. (a) If an Event of Default has occurred and is continuing, the Trustee is entitled to, on behalf of the Bondholders (i) by notice to the Issuer, declare all, but not some onlyonly some, of the Bonds due for payment together with any other amounts payable under the Finance Documents, immediately or at such later date as the Trustee determines (but such date may not fall after the Final Maturity Redemption Date), and (ii) exercise any or all of its rights, remedies, powers and discretions under the Finance Documents.

Appears in 1 contract

Samples: Amendment and Restatement Agreement

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Acceleration of the Bonds. (a) If an Event of Default has occurred and is continuing, the Trustee is entitled to, and shall following an instruction given pursuant to Clause 15.10(d), on behalf of the Bondholders (i) by notice to the Issuer, declare all, but not some onlyonly some, of the outstanding Bonds due for payment and payable together with any other amounts payable under the Finance Documents, immediately or at such later date as the Trustee determines (but such date may not fall after the Final Maturity Date)determines, and (ii) exercise any or all of its rights, remedies, powers and discretions under the Finance Documents.

Appears in 1 contract

Samples: Amendment and Restatement Agreement

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