Common use of Not To Prevent Events of Default or Limit Right To Accelerate Clause in Contracts

Not To Prevent Events of Default or Limit Right To Accelerate. The failure to make a payment pursuant to the Securities by reason of any provision in this Article XI shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article XI shall have any effect on the right of the Securityholders or the Trustee to accelerate the maturity of the Securities.

Appears in 2 contracts

Samples: Indenture (NSM Steel Co LTD), Indenture (NSM Steel Co LTD)

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Not To Prevent Events of Default or Limit Right To Accelerate. The failure to ----------------------------------------------------------------------- make a payment pursuant to the Securities by reason of any provision in this Article XI X shall not be construed as preventing the occurrence of a Default or an Event of Default. Nothing in this Article XI X shall have any effect on the right of the Securityholders or the Trustee to accelerate the maturity of the Securities.

Appears in 1 contract

Samples: Indenture (Harborside Healthcare Corp)

Not To Prevent Events of Default or Limit Right To Accelerate. The failure to make a payment pursuant to in respect of the Securities by reason of any provision in this Article XI X shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article XI X shall have any effect on the right of the Securityholders or the Trustee to accelerate the maturity of the Securities.

Appears in 1 contract

Samples: Indenture (Selfix Inc /De/)

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Not To Prevent Events of Default or Limit Right To Accelerate. The failure to make a payment pursuant to the Securities by reason of any provision in this Article XI shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article XI shall have any effect on the right of the Securityholders Holders of Securities or the Trustee to accelerate the maturity of the Securities.

Appears in 1 contract

Samples: Indenture (Macerich Co)

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