Common use of Limitation on Acceleration Clause in Contracts

Limitation on Acceleration. For so long as any Obligations are outstanding, the Permitted Subordinated Debt may not be declared to be due and payable before its stated maturity unless all Obligations have become due and payable, whether automatically or by declaration, before its stated maturity and such declaration has not been rescinded. Insolvency, Etc.

Appears in 3 contracts

Samples: Loan Agreement (Macquarie Infrastructure CO Trust), Loan Agreement (Macquarie Infrastructure CO LLC), Loan Agreement (Macquarie Infrastructure CO LLC)

AutoNDA by SimpleDocs

Limitation on Acceleration. For so long as any Obligations Bonds are outstanding, the Permitted Subordinated Debt may not be declared to be due and payable before its stated maturity unless all Obligations Bonds have become due and payable, whether automatically at maturity or at a date fixed for redemption or by declaration or otherwise and, in the case of any such declaration, before its stated maturity and such declaration has not been rescinded. Insolvency, Etc.

Appears in 2 contracts

Samples: Senior Loan Agreement (FTAI Infrastructure Inc.), Senior Loan Agreement (Fortress Transportation & Infrastructure Investors LLC)

AutoNDA by SimpleDocs

Limitation on Acceleration. For so long as any Bond Obligations are outstanding, the Permitted Subordinated Debt may not be declared to be due and payable before its stated maturity unless all Bond Obligations have become due and payable, whether automatically or by declaration, before its stated maturity and such declaration has not been rescinded. Insolvency, Etc.

Appears in 1 contract

Samples: Loan Agreement

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