No Redemption Upon Acceleration. Notwithstanding the foregoing, the Company may not redeem the Securities if the Principal Amount of Securities has been accelerated, and such acceleration has not been rescinded on or prior to such Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Securities).
Appears in 2 contracts
Samples: Indenture (Biovail Corp International), Indenture (Biovail Corp International)
No Redemption Upon Acceleration. Notwithstanding the foregoing, the Company may not redeem the Securities if the Principal Amount principal amount of Securities has been accelerated, and such acceleration has not been rescinded rescinded, on or prior to such Redemption Date (except in the case of an acceleration resulting from a Default default by the Company in the payment of the Redemption Price with respect to such Securities).
Appears in 2 contracts
Samples: Indenture (Gold Reserve Inc), Indenture (Allergan Inc)
No Redemption Upon Acceleration. Notwithstanding the foregoing, the Company may not redeem the Securities if it failed to pay any interest, and such failure to pay is continuing, or if the Principal Amount principal amount of the Securities has been accelerated, and such acceleration has not been rescinded rescinded, on or prior to such Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Securities)Date.
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