Common use of Acceleration Clause in Contracts

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 7 contracts

Samples: Indenture (Labcorp Holdings Inc.), Indenture (Laboratory Corp of America Holdings/De), Indenture (Laboratory Corp of America Holdings)

AutoNDA by SimpleDocs

Acceleration. If an any Event of Default (other than an Event of Default specified in Section 6.01(76.01(4) or (8)5)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Debentures by notice to the Company and the Trustee, may (but shall not be obligated to) declare the principal of and all accrued and unpaid interest on all the Securities of such series Debentures to be due and payablepayable immediately. Upon such a declaration, declaration such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(4) or (8) 5) occurs, the all unpaid principal of and accrued and unpaid interest on all the Securities of such series Debentures then outstanding shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersDebentureholder. The Holders of a majority in principal amount of the Securities of such series outstanding Debentures by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived waived, except nonpayment of principal or interest that has become due solely because of the acceleration, and if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 6 contracts

Samples: Indenture (Intervest Mortgage Corp), Indenture (Intervest Corporation of New York), Article Eight (Intervest Corporation of New York)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(h) or (8)i) with respect to the Company) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by written notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(h) or (8) i) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding by written notice to the Trustee may rescind an any such acceleration with respect to the Securities and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 6 contracts

Samples: Indenture (NCR Corp), Indenture (NCR Corp), Indenture (NCR Corp)

Acceleration. If an any Event of Default (other than an ------------ Event of Default specified in Section 6.01(76.01(4) or (8)5)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Debentures by notice to the Company and the Trustee, may (but shall not be obligated to) declare the principal of and all accrued and unpaid interest on all the Securities of such series Debentures to be due and payablepayable immediately. Upon such a declaration, declaration such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(4) or (8) 5) occurs, the all unpaid principal of and accrued and unpaid interest on all the Securities of such series Debentures then outstanding shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersDebentureholder. The Holders of a majority in principal amount of the Securities of such series outstanding Debentures by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived waived, except nonpayment of principal or interest that has become due solely because of the acceleration, and if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 5 contracts

Samples: Indenture (Intervest Corporation of New York), Indenture (Intervest Corporation of New York), Indenture (Intervest Corporation of New York)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.1(vii) or (8)viii) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.1(vii) or (8) occursviii) with respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 4 contracts

Samples: Management Services Agreement (Windy Hill Pet Food Co Inc), Indenture (Aurora Foods Inc /Md/), Indenture (Aurora Foods Inc /De/)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) of the Indenture with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Notes by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series Notes to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) of the Indenture with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding Notes by notice to the Trustee may rescind an acceleration and its consequences if (i) the rescission would not conflict with any judgment or decree and (ii) if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 4 contracts

Samples: Indenture (Denbury Resources Inc), Indenture (Denbury Resources Inc), Indenture (Encore Acquisition Co)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(g) or (8)h) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal of of, premium, if any, and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(g) or (8) h) with respect to the Company occurs, the principal of of, premium, if any, and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 4 contracts

Samples: Indenture (TRW Automotive Inc), Tia Indenture (TRW Automotive Inc), Indenture (TRW Automotive Inc)

Acceleration. (d) If an Event of Default (other than an Event of Default specified in Section 6.01(77.01(g) or (8)h) with respect to the Issuer) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding a majority by aggregate principal amount of the Securities of such series Notes, by notice to the Company and the TrusteeIssuer, may declare the principal of and accrued and but unpaid interest on all the Securities of such series Notes to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(77.01(g) or (8) h) with respect to the Issuer occurs, the principal of and accrued and unpaid interest on all the Securities of such series Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee Trustee, the Collateral Agent or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding Notes by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 3 contracts

Samples: Indenture (Memc Electronic Materials Inc), Indenture (Memc Electronic Materials Inc), Pledge Agreement (Memc Electronic Materials Inc)

Acceleration. (a) If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(g) or (8)h) with respect to the Company or SCI LLC) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Notes, by notice to the Company and the TrusteeIssuers, may declare the principal of and accrued and but unpaid interest on all the Securities of such series Notes to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(g) or (8) h) with respect to the Company or SCI LLC occurs, the principal of and accrued and unpaid interest on all the Securities of such series Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding Notes by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 3 contracts

Samples: Semiconductor Components Industries LLC, On Semiconductor Corp, On Semiconductor Corp

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(6) or (8)7) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding aggregate principal amount of the Securities of such series then outstanding by notice to the Company and the Trustee, may declare the principal amount of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal amount and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(6) or (8) 7) with respect to the Company occurs, the principal amount of and accrued and unpaid interest on all the Securities of such series shall ipso facto shall, automatically and without any action by the Trustee or any Holder, become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holderspayable. The Holders of a majority in aggregate principal amount of the outstanding Securities of such series outstanding by notice to the Trustee and the Company may rescind an any declaration of acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of the acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 3 contracts

Samples: Alamosa (Alamosa Holdings LLC), Alamosa Delaware Inc, Alamosa Holdings Inc

Acceleration. If an Event of Default occurs and is continuing (other than an Event of Default specified in Section 6.01(711(g) or (8)h) occurs and is continuingwith respect to the Company or the Guarantor), the Trustee by written notice to the Company, or the Holders holders of at least 25% in outstanding principal amount of the Securities of such series New Notes by written notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series this Note to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(711 (g) or (8) h) with respect to the Company or the Guarantor occurs, the all principal of and accrued and unpaid interest on all the Securities of such series this Note shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersHolder. The Holders holders of a majority in principal amount of the Securities of such series outstanding New Notes may by notice to the Trustee may Company rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 3 contracts

Samples: Exchange Agreement (Avondale Inc), Avondale Inc, Avondale Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(6) or (8)7) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding aggregate principal amount of the Securities of such series then outstanding by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(6) or (8) 7) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto shall, automatically and without any action by the Trustee or any Holder, become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holderspayable. The Holders of a majority in aggregate principal amount of the outstanding Securities of such series outstanding by notice to the Trustee and the Company may rescind an any declaration of acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of the acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 3 contracts

Samples: US Oncology Holdings, Inc., Video Satellite (Tv Guide Inc), Sovereign Bancorp Inc

Acceleration. If an any Event of Default (other than an Event ------------ of Default specified in Section 6.01(76.01(4) or (8)5)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Debentures by notice to the Company and the Trustee, may (but shall not be obligated to) declare the principal of and all accrued and unpaid interest on all the Securities of such series Debentures to be due and payablepayable immediately. Upon such a declaration, declaration such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(4) or (8) 5) occurs, the all unpaid principal of and accrued and unpaid interest on all the Securities of such series Debentures then outstanding shall ipso ---- facto become and be immediately due and payable without any declaration or other ----- act on the part of the Trustee or any HoldersDebentureholder. The Holders of a majority in principal amount of the Securities of such series outstanding Debentures by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived waived, except nonpayment of principal or interest that has become due solely because of the acceleration, and if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 3 contracts

Samples: Indenture (Intervest Mortgage Corp), Indenture (Intervest Mortgage Corp), Indenture (Intervest Mortgage Corp)

Acceleration. If an Event of Default (other than an Event of Default specified in clauses (h) and (i) of Section 6.01(7) or (8)8.1 hereof) occurs and is continuing, the Trustee by notice to the Company, or the Holders Noteholders of at least 25% in outstanding principal amount of the then outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such the principal of, premium, if any, and accrued and unpaid interest on the Securities shall be due and payable immediately. If an Event of Default specified in Section 6.01(7clause (h) or (8) i) of Section 8.1 hereof occurs, the principal of and accrued and unpaid interest on all the Securities of such series an amount shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersNoteholder. The Holders Noteholders of a majority in aggregate principal amount of the then outstanding Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of the acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 3 contracts

Samples: Coeur D Alene Mines Corp, Coeur D Alene Mines Corp, Coeur D Alene Mines Corp

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.1(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.1(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 3 contracts

Samples: Indenture (International Wire Group Inc), Indenture (Wire Harness Industries Inc), Indenture (Wire Harness Industries Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(h) or (8)i) with respect to the Company) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of at least 2530% in outstanding principal amount of the outstanding Securities of such series by written notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(h) or (8) i) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding by written notice to the Trustee may rescind an any such acceleration with respect to the Securities and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 3 contracts

Samples: Indenture (NCR Corp), Indenture (NCR Corp), Indenture (NCR Corp)

Acceleration. If an any Event of Default (other than an ------------ Event of Default specified in Section 6.01(76.01(4) or (8)5)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Debentures by notice to the Company and the Trustee, may (but shall not be obligated to) declare the principal of and all accrued and unpaid interest on all the Securities of such series Debentures to be due and payablepayable immediately. Upon such a declaration, declaration such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(4) or (8) 5) occurs, the all unpaid principal of and accrued and unpaid interest on all the Securities of such series Debentures then outstanding shall ipso facto become and be immediately due and payable without any ----------- declaration or other act on the part of the Trustee or any HoldersDebentureholder. The Holders of a majority in principal amount of the Securities of such series outstanding Debentures by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived waived, except nonpayment of principal or interest that has become due solely because of the acceleration, and if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Indenture (Intervest Bancshares Corp), Indenture (Intervest Corporation of New York)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto IPSO FACTO become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Company and the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment non-payment of principal or interest that has become due solely because of such acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Supplemental Indenture (Riverwood Holding Inc), Supplemental Indenture (Riverwood Holding Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)6.01(8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurs6.01(8) with respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Neenah Foundry Co, Mexican Cellular Investments Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7clause (4) or (8)5) of Section 5.1 hereof) occurs and is continuing, the Trustee by notice to the Company, or the Holders holders of at least 25% in of the then-outstanding principal amount of the Securities of such series Securities, by notice to the Company and the Trustee, may declare the outstanding principal of amount and any accrued and but unpaid interest on all thereon to the Securities date of such series declaration to be immediately due and payable. Upon such a declaration, such principal amount and accrued but unpaid interest shall become and be due and payable immediately. If an Event of Default specified in Section 6.01(7clause (4) or (8) occurs5) of Section 5.1 hereof occurs and is continuing, the principal of amount and any accrued and but unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holdersholder. The Holders holders of a majority in of the then-outstanding principal amount of the Securities of such series outstanding Securities, by notice to the Trustee Company, may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of the principal or amount and interest thereon that has become due solely because as a result of acceleration. No such rescission shall affect any subsequent or other Default or Event of Default or impair any right consequent theretoright.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Wellpoint Health Networks Inc /De/), Agreement and Plan of Merger (Wellpoint Health Networks Inc /De/)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the TrusteeCompany, may declare the principal of of, premium, if any, and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of of, premium, if any, and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Volume Services America Inc, Volume Services America Inc

Acceleration. If an Event of Default (other than an Event of Default specified in clause (f) and (g) of Section 6.01(7) or (8)5.1 with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such declaration the principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7clause (f) or (8) g) of Section 5.1 with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of the acceleration. No such rescission shall affect any subsequent or other Default or Event of Default or impair any right consequent theretoright.

Appears in 2 contracts

Samples: Indenture (Calpine Corp), Calpine Corp

Acceleration. If an Event of Default (other than an Event of Default specified in clause (f) and (g) of Section 6.01(7) or (8)5.1 with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such declaration the principal amount at maturity and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7clause (f) or (8) g) of Section 5.1 with respect to the Company occurs, the principal amount at maturity of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of the acceleration. No such rescission shall affect any subsequent or other Default or Event of Default or impair any right consequent theretoright.

Appears in 2 contracts

Samples: Indenture (All Star Gas Corp), Indenture (All Star Gas Corp)

Acceleration. If an Event of Default (other than an ------------- Event of Default specified in clause (7) of Section 6.01(7) or (8)6.01 with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding aggregate principal amount of the outstanding Securities of such series by notice to the Company and the TrusteeCompany, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in clause (7) of Section 6.01(7) or (8) 6.01 with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or ---- ----- other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in aggregate principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Indenture (Telecorp PCS Inc), Telecorp Tritel Holding Co

Acceleration. If an any Event of Default (other than an Event of ------------ Default specified in Section 6.01(76.01(4) or (8)5)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Debentures by notice to the Company and the Trustee, may (but shall not be obligated to) declare the principal of and all accrued and unpaid interest on all the Securities of such series Debentures to be due and payablepayable immediately. Upon such a declaration, declaration such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(4) or (8) 5) occurs, the all unpaid principal of and accrued and unpaid interest on all the Securities of such series Debentures then outstanding shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersDebentureholder. The Holders of a majority in principal amount of the Securities of such series outstanding Debentures by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived waived, except nonpayment of principal or interest that has become due solely because of the acceleration, and if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Indenture (Intervest Corporation of New York), Indenture (Intervest Corporation of New York)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, Company or the Holders of at least 25% in outstanding principal amount Principal Amount of the Securities of such series Notes by notice to the Company and the Trustee, Trustee may declare the principal Principal Amount of and accrued and unpaid interest on all the Securities Notes as of the date of such series declaration (the "Default Amount") to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest Default Amount on all the Securities Notes as of the date of such series Event of Default shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersNoteholders. The Holders of a majority in principal amount Principal Amount of the Securities of such series outstanding Notes by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal Principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Indenture (Rev Holdings LLC), Plans Assumption Agreement (Rev Holdings LLC)

Acceleration. If an Event of Default (other than an Event of Default specified in relating to Section 6.01(76.01(a)(6) or (8)as it relates to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities outstanding Notes of such either series by notice to the Company and the Trustee, Trustee (if given by the Holders) may declare the principal of and accrued and but unpaid interest on all the Securities Notes of such series to be due and payable. Upon such a declaration, such principal and interest shall will be due and payable immediately. If an Event of Default specified in occurs under Section 6.01(76.01(a)(6) or (8) occursas it relates to the Company, the principal of and accrued and unpaid interest on all the Securities Notes of such each series shall ipso facto will become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities Notes of such either series outstanding by notice to the Trustee may rescind an acceleration with respect to the Notes of such series and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Indenture (Qorvo, Inc.), Indenture (Aecom Technology Corp)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(78.01(7) or (8)8) with respect to the Borrower) occurs and is continuing, the Trustee by notice to Administrative Agent shall, upon the Company, or written request of the Holders holders of at least 25% in a majority of the outstanding principal amount of the Securities of such series Loans, by written notice to the Company and the TrusteeBorrower, may declare the principal amount of and accrued and unpaid interest on all the Securities Loans as of the date of such series declaration to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(78.01(7) or (8) with respect to the Borrower occurs, the principal of and accrued and unpaid interest on all the Securities of such series Loans shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee Administrative Agent or any HoldersBank. The Holders holders of a majority in principal amount of the Securities of such series outstanding Loans by notice to the Trustee Administrative Agent may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Term Loan Agreement (Sullivan Graphics Inc), Agreement (Acg Holdings Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series then outstanding by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series then outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Hallandale Commercial Corp., Indenture (Up Offshore (Holdings) Ltd.)

Acceleration. If an Event of Default (other than an ------------ Event of Default specified in Section 6.01(7) or (8)) occurs and is continuing, the Trustee by notice to the CompanyIssuers, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company Issuers and the Trustee, may declare the principal of and the accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occursoccurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without ---- ----- any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Borden Chemicals & Plastics Limited Partnership /De/

Acceleration. If an Event of Default (other than an ------------- Event of Default specified in Section 6.01(76.01(8) or (8)9) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(8) or (8) 9) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso ---- facto become and be immediately due and payable without any declaration or other ----- act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Eagle Family Foods Inc

Acceleration. If an Event of Default (other than an ------------ Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, Company or the Holders of at least 25% in outstanding principal amount Principal Amount of the Securities of such series Notes by notice to the Company and the Trustee, Trustee may declare the principal Principal Amount of and accrued and unpaid interest on all the Securities Notes as of the date of such series declaration (the "Default Amount") to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest Default Amount on all the Securities Notes as of the date of such series Event of Default shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersNoteholders. The Holders of a majority in principal amount Principal Amount of the Securities of such series outstanding Notes by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal Principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Asset Transfer Agreement (Rev Holdings Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(g) or (8)h) with respect to the Parent or the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Securities, by notice to the Company and the TrusteeCompany, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall will be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(g) or (8) h) with respect to the Parent or the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an any such acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Kansas City Southern

Acceleration. (a) If an Event of Default (other than an Event of Default specified in Section 6.01(76.1(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.1(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Doane Pet Care Co

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company or the Issuer) occurs and is continuing, the Trustee by notice to the CompanyIssuer, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company Issuer and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company or the Issuer, occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (GSV Inc /Fl/)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Company and the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment non-payment of principal or interest that has become due solely because of such acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Ric Holding Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount at maturity of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto IPSO FACTO become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount at maturity of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Millenium Seacarriers Inc)

Acceleration. If an Event of Default with respect to the Securities (other than an Event of Default specified in Section 6.01(77.1(6) or (8)7)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding aggregate principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(77.1(6) or (8) occurs7) occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersHolder. The Holders of a majority in aggregate principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree (other than a judgment or decree for the payment of principal or interest or monies due on the Securities) and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of accelerationsuch acceleration and the Trustee has been paid all amounts due to it pursuant to Section 8.7. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Mettler Toledo International Inc/)

Acceleration. If an Event of Default with respect to the Securities (other than an Event of Default specified in Section 6.01(76.1(6) or (8)7)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding aggregate principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal Principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal Principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.1(6) or (8) occurs7) occurs and is continuing, the principal Principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in aggregate principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree (other than a judgment or decree for the payment of Principal or interest or monies due on the Securities) and if all existing Events of Default have been cured or waived except nonpayment of principal Principal or interest that has become due solely because of accelerationsuch acceleration and the Trustee has been paid all amounts due to it pursuant to Section 7.7. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Mettler Toledo International Inc/

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the TrusteeCompany, may declare the principal of of, premium, if any, and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of of, premium, if any, and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment nonpay ment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Volume Services America Holdings Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occursSection 6.01(8) with respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto IPSO FACTO become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an any such acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Texas Petrochemicals Corp)

Acceleration. If an Event of Default (other than an Event ------------ of Default specified in Section 6.01(76.01(g) or (8)h) with respect to the Company) occurs and is continuing, the Trustee by notice to the CompanyCompany and the Trustee, or the Holders Noteholders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the TrusteeCompany, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(g) or (8) h) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso ---- facto become and be immediately due and payable without any declaration or other ----- act on the part of the Trustee or any HoldersNoteholders. The Holders Noteholders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Wki Holding Co Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(77.01(6) or (8)7) (in either case) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(77.01(6) or (8) 7) occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an acceleration with respect to the Securities and its consequences if the rescission would not conflict with any judgment or decree and decree, if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of accelerationacceleration and all payments due to the Trustee under Section 8.07 of this Indenture have been made. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Skyworks Solutions Inc

Acceleration. If an Event of Default (other than an ------------- Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal amount of and accrued and but unpaid interest (if any) on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of amount and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without ---- ----- any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: 21st Century Telecom Group Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto IPSO FACTO become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Contifinancial Corp

Acceleration. If an Event of Default with respect to the Securities (other than an Event of Default specified in Section 6.01(76.1(5) or (8)6)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding aggregate principal amount of the Securities of such series then outstanding by notice to the Company and the Trustee, may declare the principal Principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal Principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.1(5) or (8) occurs6) occurs and is continuing, the principal Principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in aggregate principal amount of the Securities of such series then outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree (other than a judgment or decree for the payment of Principal or interest or monies due on the Securities) and if all existing Events of Default have been cured or waived except nonpayment of principal Principal or interest that has become due solely because of accelerationsuch acceleration and the Trustee has been paid all amounts due to it pursuant to Section 7.7. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Infinity Property & Casualty Corp)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest and any premium on the Securities shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Roto-Rooter Inc

Acceleration. If an Event of Default with respect to the Securities (other than an Event of Default specified in Section 6.01(76.1(6) or (8)7)) occurs and is continuing, the Trustee by notice to the CompanyIssuers, or the Holders of at least 25% in outstanding aggregate principal amount of the outstanding Securities of such series by notice to the Company Issuers and the Trustee, may declare the principal Principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal Principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.1(6) or (8) occurs7) occurs and is continuing, the principal Principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in aggregate principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree (other than a judgment or decree for the payment of Principal or interest or monies due on the Securities) and if all existing Events of Default have been cured or waived except nonpayment of principal Principal or interest that has become due solely because of accelerationsuch acceleration and the Trustee has been paid all amounts due to it pursuant to Section 7.7. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Ticketmaster Corp /Il/

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7clauses (a) or (8)b) of Section 7.1(6) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders Noteholders of at least 25% a majority in outstanding principal amount of the Securities of such series Notes by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series Notes to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7clauses (a) or (8) b) of Section 7.1(6) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersNoteholders. The Holders Noteholders of a majority in principal amount of the Securities of such series outstanding Notes by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Credit Agreement (Primacom Ag)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(g) or (8)h) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, Company or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Notes by notice to the Company and the Trustee, may declare the principal of of, premium, if any, and accrued and but unpaid interest on all the Securities of such series Notes to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(g) or (8) h) with respect to the Company occurs, the principal of of, premium, if any, and accrued and unpaid interest on all the Securities of such series Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding Notes by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Supplemental Indenture (Metals USA Plates & Shapes Southcentral, Inc.)

Acceleration. If an Event of Default (other than ------------ an Event of Default specified in Section 6.01(77.01(g) or (8)h) with respect to the Parent or the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall will be due and payable immediately. If an Event of Default specified in Section 6.01(77.01(g) or (8) h) with respect to the Parent or the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be ---- ----- immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Kansas City Southern Industries Inc

Acceleration. If an Event of Default (other than an ------------- Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee Trustee, by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series Securities, by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and ---- ----- be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Nabco Inc /Mi/)

Acceleration. If an Event of Default (other than an Event ------------ of Default specified in Section 6.01(710.01(v) or (8)vi)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities all outstanding tranches of such series Notes, voting as a single class, by notice to the Company and the Trustee, may declare the principal of and premium and accrued and unpaid interest interest, if any, on all the Securities of such series Notes to be due and payable. Upon such a declaration, such principal and premium and accrued and unpaid interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(710.01(v) or (8) occursvi) occurs and is continuing, the principal of and premium and accrued and unpaid interest on all the Securities of such series shall ipso facto Notes will become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee all outstanding, voting as a single class, may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Note Purchase Agreement (Specialty Products & Insulation Co)

Acceleration. If an Event of Default (other than an Event of Default specified in clause (f) and (g) of Section 6.01(7) or (8)5.1 with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such declaration the principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7clause (f) or (8) g) of Section 5.1 with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of the acceleration. No such rescission rescis sion shall affect any subsequent or other Default or Event of Default or impair any right consequent theretoright.

Appears in 1 contract

Samples: Indenture (Calpine Corp)

Acceleration. If an Event of Default (other than an ------------- Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% a majority in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso ---- facto become and be immediately due and payable without any declaration or other ----- act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Ryder TRS Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal Accreted Value of and accrued and but unpaid interest on all the Securities of such series (the "Default Amount") to be due and payable. Upon such a declaration, such principal and interest the Default Amount shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series Default Amount shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such 50 rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Radio One Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company or FTL-Cayman) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company or FTL-Cayman occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Fruit of the Loom LTD)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.1(vi) or (8)vii)) occurs and is continuing, the Trustee by notice to the Company, or the Holders holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued ac- crued and unpaid interest interest, if any, on all the Securities of such series to be due and payable. Upon such a declaration, such principal and ac- crued and unpaid interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.1(vi) or (8) occursvii) occurs and is continuing, the principal of and accrued and unpaid un- paid interest on all the Securities of such series shall ipso facto will become and be immediately immedi- ately due and payable without any declaration or other act on the part of the Trustee or any Holdersholders. The Holders of a majority ma- jority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except ex- cept nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect af- fect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Atlas Air Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of of, and accrued and unpaid interest interest, if any, on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto IPSO FACTO become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Premier Parks Inc

AutoNDA by SimpleDocs

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount at maturity of the Securities of such series by notice to the Company and the Trustee, may declare the principal Accreted Value of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal Accreted Value of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount at maturity of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Winstar Communications Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.1(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding aggregate principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.1(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in aggregate principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Friendly Ice Cream Corp

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(g) or (8)h) with respect to the Issuer) occurs and is continuing, the Trustee by notice to the CompanyIssuer, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the TrusteeIssuer, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(g) or (8) h) with respect to the Issuer occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto IPSO FACTO become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Acs Infosource Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by written notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto IPSO FACTO become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the outstanding Securities of such series outstanding by written notice to the Trustee may rescind an any such acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Kelley Oil & Gas Corp

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)) occurs and is continuing, the Trustee by notice to the Company, Company or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, Trustee may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occursoccurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an any such acceleration with respect to the Securities and its consequences (including any payment Default that directly resulted from such acceleration) if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Murphy USA Inc.)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Notes by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series Notes to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersNoteholders. The Holders of a majority in principal amount of the Securities of such series outstanding Notes by notice to the Trustee may rescind an acceleration with respect to the Notes and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Joint Operating Agreement (Rutherford-Moran Oil Corp)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.1(7) or (8)) 8) with respect to the Company occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall shall, subject to Section 10.4, be immediately due and payable immediatelypayable. If an Event of Default specified in Section 6.01(76.1(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Viasystems Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal value of and accrued and but unpaid interest on all the Securities of such series (collectively, the "Default Amount") to be due and payable. Upon such a declaration, such principal and interest the Default Amount shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest Default Amount on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Northeast Optic Network Inc

Acceleration. If an Event of Default (other than an ------------ Event of Default specified in clause (7) of Section 6.01(7) or (8)6.01 with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding aggregate principal amount of the outstanding Securities of such series by notice to the Company and the TrusteeCompany, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in clause (7) of Section 6.01(7) or (8) 6.01 with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or ---- ----- other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in aggregate principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment non-payment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Tritel Finance Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.1(a)(6) or (8) occursabove shall occur, the maturity of all Outstanding Notes shall automatically be accelerated and the principal amount of and the Notes, together with accrued and unpaid interest on all the Securities of such series thereon, shall ipso facto become and be immediately due and payable without payable. If any declaration or other act on the part Event of Default shall occur and be continuing, the Trustee or the Holders of not less than 25% of the aggregate principal amount of the Outstanding Notes may, by written notice to the Company (and to the Trustee if given by Holders), declare the principal amount of the Notes, together with accrued interest thereon and any HoldersAdditional Amounts, immediately due and payable. The right of the Holders to give such acceleration notice shall terminate if the event giving rise to such right shall have been cured before such right is exercised. Any such declaration may be annulled and rescinded by written notice from the Trustee or the Holders of a majority in of the aggregate principal amount of the Securities of such series outstanding by notice Outstanding Notes to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and Company if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become amounts then due with respect to the Notes are paid (other than amount due solely because of accelerationsuch declaration) and all other defaults with respect to the Notes are cured or waived. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: sec.report

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(f) or (8)g) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, Company or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Notes by notice to the Company and the Trustee, may declare the principal of of, premium, if any, and accrued and but unpaid interest on all the Securities of such series Notes to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(f) or (8) g) with respect to the Company occurs, the principal of of, premium, if any, and accrued and unpaid interest on all the Securities of such series Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding Notes by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any applicable judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Global Brass & Copper Holdings, Inc.)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(e) or (8)f) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by written notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(e) or (8) f) with respect to the Company occurs, and is continuing the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by written notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Homes America of Wyoming Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01 (vii) or (8)viii) above with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by written notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01 (vii) or (8) viii) above with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by written notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Rio Hotel & Casino Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(5) or (8)6) and except as otherwise provided in Section 6.13) occurs and is continuing, the Trustee Trustee, in its discretion, by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal of amount of, and accrued and unpaid interest on on, all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(5) or (8) occurs6) occurs and is continuing, the principal amount of and accrued and unpaid interest on all the outstanding Securities of such series issued pursuant to this Indenture shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by written notice to the Trustee and the Company may rescind an acceleration of the Securities and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of the principal amount of or interest on the Securities that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Molson Coors Brewing Co)

Acceleration. If an Event of Default (other than an ------------ Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto ---- ----- become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Morrison Knudsen Corp//

Acceleration. If an Event of Default (other than an ------------- Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding aggregate principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto ---- ----- become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in aggregate principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Glenoit Asset Corp)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.1(7) or (8)) 8) with respect to the Company occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall shall, subject to Section 10.4, be immediately due and payable immediatelypayable. If an Event of Default specified in Section 6.01(76.1(7) or (8) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.. 61 55

Appears in 1 contract

Samples: Indenture (Viasystems Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in clauses (e) and (f) of Section 6.01(7) or (8)6.1) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series then outstanding Notes by notice to the Company and ## CT01/SCHIJ/68118.34 31 37 the Trustee, may declare the unpaid principal of and accrued and unpaid interest on all the Securities of such series Notes to be due and payable. Upon such a declaration, such declaration the principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7clause (f) or (8) g) of Section 6.1 occurs, the principal of and accrued and unpaid interest on all the Securities of such series a an amount shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersHolder. The Holders of a majority in principal amount of the Securities of such series then outstanding Notes by written notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of the acceleration. No such rescission recision shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Lomak Petroleum Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(6) or (8)7)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding aggregate principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the 66 58 principal of and accrued and unpaid interest to the date of acceleration on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(6) or (8) 7) occurs, the principal of and accrued and unpaid interest to the date of acceleration on all the Securities of such series shall ipso facto become shall, automatically and be immediately due and payable without any declaration or other act on the part of action by the Trustee or any HoldersHolder, become immediately due and payable. The Holders of a majority in aggregate principal amount of the outstanding Securities of such series outstanding by notice to the Trustee and the Company may rescind an any declaration of acceleration and its consequences if the rescission would not conflict with any judgment or decree decree, and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of the acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Dii Group Inc)

Acceleration. If an any Event of Default (other than an Event ------------ of Default specified in Section 6.01(76.01(4) or (8)5)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Debentures by notice to the Company and the Trustee, may (but shall not be obligated to) declare the principal of and all accrued and unpaid interest on all the Securities of such series Debentures to be due and payablepayable immediately. Upon such a declaration, declaration such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(4) or (8) 5) occurs, the all unpaid principal of and accrued and unpaid interest on all the Securities of such series Debentures then outstanding shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersDebentureholder. The Holders of a majority in principal amount of the Securities of such series outstanding Debentures by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived waived, except nonpayment of principal or interest that has become due solely because of the acceleration, and if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Intervest Mortgage Corp)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of at least 25% in outstanding stated principal amount of the outstanding Securities of such series by written notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the outstanding Securities of such series outstanding by written notice to the Trustee may rescind an any such acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Concorde Gas Marketing Inc

Acceleration. If an Event of Default (other than an ------------- Event of Default specified in Section 6.01(76.01(g) or (8)h) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, Company or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(g) or (8) h) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be ---- ----- immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Commercial Aggregates Transportation & Sales LLC)

Acceleration. If an Event of Default (other than an ------------ Event of Default specified in Section 6.01(76.01(e) or (8)f) with respect to the Company) occurs and is continuing, the Trustee by notice to the CompanyCompany and the Trustee, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the TrusteeCompany, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(e) or (8) f) with respect to the Company or Sub Co-Issuer occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Armkel LLC

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee in its sole discretion and by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto IPSO FACTO become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Interactive Media Corp

Acceleration. If an Event of Default with respect to the Securities (other than an Event of Default specified in Section 6.01(76.1(6) or (8)7)) occurs and is continuing, the Trustee by notice to the CompanyIssuer, or the Holders of at least 25% in outstanding aggregate principal amount of the outstanding Securities of such series by notice to the Company Issuer and the Trustee, may declare the principal Principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal Principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.1(6) or (8) occurs7) occurs and is continuing, the principal Principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in aggregate principal amount of the outstanding Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree (other than a judgment or decree for the payment of Principal or interest or monies due on the Securities) and if all existing Events of Default have been cured or waived except nonpayment of principal Principal or interest that has become due solely because of accelerationsuch acceleration and the Trustee has been paid all amounts due to it pursuant to Section 7.7. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Usani LLC

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.1(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.1(7) or (8) with respect to the Company or a Significant Subsidiary occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (H R Window Supply Inc)

Acceleration. If an Event of Default occurs and is continuing (other than an Event of Default specified in Section 6.01(711(g) or (8)h) occurs and is continuingof the New Notes with respect to the Company or the Guarantor), the Trustee by written notice to the Company, or the Holders holders of at least 25% in outstanding principal amount of the Securities of such series New Notes by written notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series New Notes to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(711(g) or (8) h) with respect to the Company or the Guarantor occurs, the all principal of and accrued and unpaid interest on all the Securities of such series New Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holdersholder. The Holders holders of a majority in principal amount of the Securities of such series outstanding New Notes may by notice to the Trustee may Company rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Trustee Agreement (Avondale Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(g) or (8)h) with respect to the Company) occurs and is continuing, the Trustee by notice to the CompanyCompany and the Trustee, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company and the TrusteeCompany, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(g) or (8) h) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto IPSO FACTO become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Alliant Techsystems Inc

Acceleration. If an Event of Default (other than an Event of Default specified in Section Sections 6.01(7) or (8)6.01(8) with respect to the Issuers) occurs and is continuing, the Trustee by notice to the CompanyIssuers, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Notes by notice to the Company Issuers and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series Notes to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section Sections 6.01(7) or (8) occurs6.01(8) with respect to the Issuers occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersNoteholders. The Holders of a majority in principal amount of the Securities of such series outstanding Notes by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Associated Materials, LLC

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured 57 or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (King Pharmaceuticals Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(6) or (8)7) with respect to an Issuer) occurs and is continuing, the Trustee by notice to the CompanyIssuers, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by notice to the Company Issuers and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(6) or (8) 7) with respect to an Issuer occurs, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of such declaration of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: EnergySolutions, Inc.

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to the Company occurs 72 and is continuing, the principal of and accrued and but unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Supplemental Indenture (Shaw Group Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to Parent or Issuer) occurs and is continuing, the Trustee by notice to the CompanyIssuer, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company Issuer and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to Parent or Issuer occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Warner Chilcott PLC

Acceleration. If an any Event of Default (other than an Event of ------------- Default specified in Section 6.01(76.01(4) or (8)5)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Debentures by notice to the Company and the Trustee, may (but shall not be obligated to) declare the principal of and all accrued and unpaid interest on all the Securities of such series Debentures to be due and payablepayable immediately. Upon such a declaration, declaration such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(4) or (8) 5) occurs, the all unpaid principal of and accrued and unpaid interest on all the Securities of such series Debentures then outstanding shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersDebentureholder. The Holders of a majority in principal amount of the Securities of such series outstanding Debentures by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived waived, except nonpayment of principal or interest that has become due solely because of the acceleration, and if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Intervest Mortgage Corp)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of and accrued and but unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurityholders. The Holders of a majority in principal amount of the Securities of such series outstanding by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Shaw Group Inc)

Acceleration. If an Event of Default occurs and is continuing (other than an Event of Default specified described in Section 6.01(7clause (vii) or (8)viii) occurs and is continuingof Section 6.1 with respect to Terra Capital, Issuer or Parent), the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series by notice to the Company and the Trustee, outstanding Notes may declare the principal of and accrued and but unpaid interest on all the Securities of such series Notes to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified described in Section 6.01(7clause (vii) or (8) occursviii) of Section 6.1 occurs with respect to Issuer or Parent, the principal of and accrued and unpaid interest on all the Securities of such series shall Notes will ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersHolders of the Notes. The Holders of a majority in aggregate principal amount of the Securities of such series outstanding Notes by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Third Supplemental Indenture (Terra Industries Inc)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(7) or (8)8) with respect to the Company) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of at least 25% in outstanding principal amount of the outstanding Securities of such series by written notice to the Company and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or (8) occurswith respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest on all the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any HoldersSecurity holders. The Holders of a majority in principal amount of the outstanding Securities of such series outstanding by written notice to the Trustee may rescind an any such acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Denbury Resources Inc

Acceleration. If an any Event of Default (other than an Event of ------------ Default specified in Section 6.01(76.01(4) or (8)5)) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in outstanding principal amount of the Securities of such series outstanding Debentures by notice to the Company and the Trustee, may (but shall not be obligated to) declare the principal of and all accrued and unpaid interest on all the Securities of such series Debentures to be due and payablepayable immediately. Upon such a declaration, declaration such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(4) or (8) 5) occurs, the all unpaid principal of and accrued and unpaid interest on all the Securities of such series Debentures then outstanding shall ipso ---- facto become and be immediately due and payable without any declaration or other ----- act on the part of the Trustee or any HoldersDebentureholder. The Holders of a majority in principal amount of the Securities of such series outstanding Debentures by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived waived, except nonpayment of principal or interest that has become due solely because of the acceleration, and if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Intervest Mortgage Corp)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(76.01(g) or (8)h) with respect to Holdings) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% aggregate in outstanding principal amount at maturity of the Securities of such series outstanding Notes by notice to the Company Holdings and the Trustee, may declare the principal of and accrued and but unpaid interest on all the Securities of such series Notes to be due and payable. Upon such a declaration, such principal and interest shall will be due and payable immediately. If an Event of Default specified in Section 6.01(76.01(g) or (8) h) with respect to Holdings occurs, the principal of and accrued and unpaid interest on all the Securities of such series Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in aggregate principal amount at maturity of the Securities of such series outstanding Notes by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal of or interest on Notes that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Maxxim Medical Inc/Tx)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!