Common use of Article X Not To Prevent Events of Default or Limit Right To Accelerate Clause in Contracts

Article X Not To Prevent Events of Default or Limit Right To Accelerate. The failure to make a payment in respect of the Securities, whether directly or pursuant to the Subsidiary Guarantee, by reason of any provision in this Article X shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article X shall have any effect on the right of the Securityholders or the Trustee to accelerate the maturity of the Securities, subject, however, to the rights under this Article X of the holders of Senior Indebtedness to receive payments or other distributions otherwise payable to or received by the Securityholders or the Trustee upon the exercise of any remedy in connection with such acceleration.