Acceleration of the Notes. The Company shall promptly notify the holders of Designated Senior Debt of the occurrence of any Default or Event of Default. If payment of the Notes is accelerated because of an Event of Default, the Company shall promptly notify holders of Designated Senior Debt of the acceleration.
Acceleration of the Notes. Upon the occurrence and continuance of ------------------------- any Event of Default, ZCC III may, by giving written notice to the Debtor, accelerate and declare immediately due and payable the outstanding principal balance of, and interest accrued thereon at the applicable rate of interest specified in the Series A Purchase Notes, all of the Series A Purchase Notes, and such principal and interest shall thereupon be immediately due and payable without presentment, demand, protest or notice of any other kind, all of which are hereby waived by the Debtor to the fullest extent permitted by law; provided, however, such acceleration shall occur automatically and without notice in the event of the occurrence of the Events of Default specified in paragraphs (f), (g), (h) or (i) of Section 9.1.
Acceleration of the Notes. In the event that any Notes are declared due and payable before their Stated Maturity, then and in such event the holders of Senior Indebtedness shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Indebtedness or provision shall be made for such payment in cash, before the Holders of the Notes are entitled to receive any payment (including any payment which may be payable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the Notes) by the Company on account of the principal of, premium, if any, Additional Amounts, if any or interest on the Notes or on account of the purchase or other acquisition of Notes; provided, that any money deposited pursuant to Section 4.01 of the Base Indenture not in violation of the Indenture shall not be subject to the claims of holders of Senior Indebtedness. In the event that, notwithstanding the forgoing, the Company shall make any payment to the Trustee or the Holder of any Note prohibited by the foregoing provisions of this Section, and if such fact shall, at or prior to the time of such payment, have been made known to a Responsible Officer of the Trustee in writing or, as the case may be, such Holder, then and in such event such payment shall be paid over and delivered forthwith to the Company.
Acceleration of the Notes. The Company, the Subsidiary Guarantors and the Trustee shall promptly notify holders of Senior Indebtedness of the issuance by the Trustee or the receipt of an acceleration notice following an Event of Default, whereupon the Trustee shall promptly notify the holders of Designated Senior Indebtedness of such acceleration notice, provided that failure to give such notice shall not affect the subordination of the Notes to the Senior Indebtedness as provided in this Article Fourteen.
Acceleration of the Notes. (a) If an Event of Default with respect to American Water Works or the Company described in paragraph (e) or (f) of Section 11 has occurred, all the Notes then outstanding shall automatically become immediately due and payable. (a) If any other Event of Default described in Section 11 has occurred and is continuing with respect to a series of Notes, any holder or holders of more than 50% in principal amount of such series of Notes at the time outstanding may at any time at its or their option, by notice or notices to the Company and American Water Works, declare all the Notes of such series then outstanding to be immediately due and payable. (b) If any Event of Default described in paragraph (a) or (b) of Section 11 has occurred and is continuing with respect to a series of Notes, any holder or holders of such series of Notes at the time outstanding affected by such Event of Default may at any time, at its or their option, by notice or notices to the Company and American Water Works, declare all the Notes of such series held by it or them to be immediately due and payable. Upon any Notes becoming due and payable under this Section 12.1, whether automatically or by declaration, such Notes will forthwith mature and the entire unpaid principal amount of such Notes, plus (i) all accrued and unpaid interest thereon and (ii) the Make-Whole Amount determined in respect of such principal amount (to the full extent permitted by applicable law), shall all be immediately due and payable, in each and every case without presentment, demand, protest or further notice, all of which are hereby waived. American Water Works and the Company acknowledge, and the parties hereto agree, that each holder of a Note has the right to maintain its investment in the Notes free from repayment by the Company (except as herein specifically provided for) and that the provision for payment of a Make-Whole Amount by the Company in the event that the Notes are prepaid or are accelerated as a result of an Event of Default, is intended to provide compensation for the deprivation of such right under such circumstances. Section 12.2.
Acceleration of the Notes. The Bank may declare the Notes in the event of a Greystone Event of Default or the GLOG Note in the event of a GLOG Event of Default to be immediately due and payable, at which time the same will be due and payable and the Bank will be entitled to proceed selectively and successively to enforce the Bank's rights under the Notes or GLOG Note, respectively, the Loan Documents, or any of the other documents securing the payment of the Notes or GLOG Note, respectively, without limitation.
Acceleration of the Notes. The following shall constitute an Additional Termination Event in which Party B shall be the sole Affected Party: Any acceleration of the Notes outstanding occurs following an event of default under the Indenture.
