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 any Subordinated Debt Securities, whether directly or pursuant to a Subsidiary Guarantee, by reason of any provision in this Article 11 shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article 11 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 Securities, as the case may be.

Appears in 3 contracts

Samples: Indenture (Access Midstream Partners Lp), Indenture (Access Permian Midstream LLC), Indenture (Chesapeake MLP Operating LLC)

AutoNDA by SimpleDocs

Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to any the Subordinated Debt Securities, whether directly or pursuant to a Subsidiary Guaranteeany Guarantee therefor, by reason of any provision in this Article 11 12 shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article 11 12 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 (Kaneb Pipe Line Operating Partnership Lp)

AutoNDA by SimpleDocs

Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to any Subordinated the Debt Securities, whether directly or pursuant to a Subsidiary Guarantee, Securities by reason of any provision in this Article 11 12 shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article 11 12 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: Indenture (Meridian Industrial Trust Inc)

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