Common use of Acceleration Upon Event of Default Clause in Contracts

Acceleration Upon Event of Default. The Events of Default relating to the Notes are set forth in Section 7.1 of the Supplemental Indenture. If an Event of Default (other than an Event of Default specified in Sections 7.1(e) or 7.1(f) of the Supplemental Indenture) occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest on all Notes may be declared to be due and payable by either the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then Outstanding, and, upon said declaration the same shall be immediately due and payable. If an Event of Default specified in Sections 7.1(e) or 7.1(f) of the Supplemental Indenture occurs with respect to the Issuers, the principal of and premium, if any, and interest accrued and unpaid on all the Notes shall be immediately and automatically due and payable without necessity of further action.

Appears in 4 contracts

Samples: Fourth Supplemental Indenture (CyrusOne Inc.), Third Supplemental Indenture (CyrusOne Inc.), Second Supplemental Indenture (CyrusOne Inc.)

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Acceleration Upon Event of Default. The Events of Default relating to the Notes are set forth in Section 7.1 6.1 of the Supplemental Indenture. If an Event of Default (other than an Event of Default specified in Sections 7.1(e6.1(e) or 7.1(f6.1(f) of the Supplemental Indenture) occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest on all Notes may be declared to be due and payable by either the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then OutstandingOutstanding by giving notice to the Trustee, and, upon said declaration the same shall be immediately due and payable. If an Event of Default specified in Sections 7.1(e6.1(e) or 7.1(f6.1(f) of the Supplemental Indenture occurs with respect to the IssuersCompany, the principal of and premiumaccrued and unpaid interest, if any, and interest accrued and unpaid on all the Notes shall be immediately and automatically due and payable without necessity of further action.

Appears in 2 contracts

Samples: First Supplemental Indenture (ACRES Commercial Realty Corp.), Indenture (NexPoint Real Estate Finance, Inc.)

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Acceleration Upon Event of Default. The Events of Default relating to the Notes are set forth in Section 7.1 (Events of Default) of the Supplemental Indenture. If an Event of Default (other than an Event of Default specified in Sections 7.1(e) or 7.1(f) of the Supplemental Indenture) occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest on all Notes may be declared to be due and payable by either the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then Outstanding, and, upon said declaration the same shall be immediately due and payable, subject to exceptions set forth in the Indenture. If an Event of Default specified in Sections 7.1(e) or 7.1(f) of the Supplemental Indenture occurs with respect to the IssuersIssuer, the principal of and premium, if any, and interest accrued and unpaid on all the Notes shall be immediately and automatically due and payable without necessity of further action.

Appears in 1 contract

Samples: Indenture (CyrusOne Inc.)

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