Common use of Not to Prevent Defaults or Limit Right to Accelerate Clause in Contracts

Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to the Subordinated Securities, whether directly or pursuant to the Guarantee, by reason of any provision in this Article X shall not be construed as preventing the occurrence of a Default. Nothing in this Article X shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of either the Subordinated Securities or the Securities, as the case may be.

Appears in 8 contracts

Samples: Indenture (Heritage Operating Lp), Indenture (ETC Texas Pipeline, LTD), Indenture (Martin Operating Partnership L.P.)

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Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to the Subordinated Securities, whether directly or pursuant to the Guaranteerelated Guarantees, if any 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 Holders or the Trustee to accelerate the maturity of either the Subordinated Securities or the Securities, as the case may be.

Appears in 1 contract

Samples: Indenture (Crosstex Eunice, LLC)

Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to the Subordinated Debt Securities, whether directly or pursuant to the Guarantee, by reason of any provision in this Article X XII shall not be construed as preventing the occurrence of a Default. Nothing in this Article X XII shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of either the Subordinated Debt Securities or the Debt Securities, as the case may be.

Appears in 1 contract

Samples: Subordinated Indenture (Turkey Creek Pipeline, LLC)

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Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to the Subordinated Securities, whether directly or pursuant to the Guaranteerelated Guarantees, 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 Holders or the Trustee to accelerate the maturity of either the Subordinated Securities or the Securities, as the case may be.

Appears in 1 contract

Samples: Indenture (K-Sea Transportation Inc.)

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