Common use of Acceleration Upon Event of Default Clause in Contracts

Acceleration Upon Event of Default. Upon receipt of any notice pursuant to Section 6.4(b) of the Contract that an Event of Default has occurred, or upon otherwise acquiring notice that an Event of Default has occurred, to request quotations from Independent Dealers, compute the Acceleration Value and the Aggregate Acceleration Value and deliver an Acceleration Amount Notice, in each case with respect to the Contract, all as described in Section 7.1 of the Contract;

Appears in 2 contracts

Samples: Trust Agreement (Snyder Strypes Trust), Trust Agreement (Xyz Strypes Trust)

AutoNDA by SimpleDocs

Acceleration Upon Event of Default. Upon receipt of any notice pursuant to Section 6.4(b) 9.1 of the Contract that an Event of Default has occurred, or upon otherwise acquiring notice that an Event of Default has occurred, to request quotations from Independent Dealers, compute the Acceleration Value and the Aggregate Acceleration Value and deliver an Acceleration Amount Notice, in each case with respect to the Contract, all as described in Section 7.1 9.1 of the Contract;

Appears in 1 contract

Samples: Trust Agreement (WBK Strypes Trust)

AutoNDA by SimpleDocs

Acceleration Upon Event of Default. Upon receipt of any notice pursuant to Section 6.4(b6.6(b) of the Contract that an Event of Default has occurred, or upon otherwise acquiring notice that an Event of Default has occurred, to request quotations from Independent Dealers, compute the Acceleration Value and the Aggregate Acceleration Value and deliver an Acceleration Amount Notice, in each case with respect to the Contract, all as described in Section 7.1 of the Contract;

Appears in 1 contract

Samples: Trust Agreement (Dollar General Strypes Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.