Common use of Enforcement of Guaranteed Obligations Clause in Contracts

Enforcement of Guaranteed Obligations. Upon the occurrence and during the continuance of an Event of Default, then and in any such event (x) all of the Guaranteed Obligations shall automatically become due and payable (in the case of an Event of Default described in Section 12(g) or (h)), and (y) all or the relevant part of the Guaranteed Obligations may, at the option of the Required Holders (in the case of any Event of Default described in Section 12 other than those described in Section 12(g) or (h)) and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Enforcement of Guaranteed Obligations. Upon the occurrence and during the continuance of an Event of DefaultDefault (as defined in the Indenture), then and in any such event (x) all or any part of the Guaranteed Obligations shall automatically become due and payable (in the case of an Event of Default described in Section 12(g6.01(6) or (h)), and (y7) all or the relevant part of the Guaranteed Obligations Indenture) and may, at the option of the Required Holders as provided in the Indenture (in the case of any Event of Default described in Section 12 6.01 other than those described in Section 12(gSections 6.01(6) or (h)7) of the Indenture) and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.