Common use of Rescission of Acceleration Clause in Contracts

Rescission of Acceleration. After acceleration of the maturity of the Revolving Loans, if the Borrower pays all accrued interest and all principal due (other than by reason of the acceleration) and all Defaults and Events of Default are otherwise waived in accordance with Section 11.10, the Majority Lenders may elect in their sole discretion, to rescind the acceleration and return any cash collateral. (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the Borrower, even if the described conditions for the Majority Lenders' election may be met.)

Rescission of Acceleration. After acceleration of the maturity of the Revolving Loans, if the Borrower pays Borrowers pay all accrued interest and all principal due (other than by reason of the acceleration) and all Defaults and Events of Default are otherwise remedied or waived in accordance with Section 11.1011.11, the Majority Lenders may elect in their sole discretion, to rescind the acceleration and return any cash collateral. (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the BorrowerBorrowers, even if the described conditions for the Majority Lenders' election may be met.)

Rescission of Acceleration. After acceleration of the maturity of the Revolving Loans, if the Borrower pays Borrowers pay all accrued interest and all principal due (other than by reason of the acceleration) and all Defaults and Events of Default are otherwise remedied or waived in accordance with Section 11.1011.11, the Majority Lenders may elect in their sole discretion, discretion to rescind the acceleration and return any cash collateral. (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the BorrowerBorrowers, even if the described conditions for the Majority Lenders' election may be met.)

Rescission of Acceleration. After acceleration of the maturity of the Revolving Loans, if the Borrower pays all accrued interest and all principal due (other than by reason of the acceleration) and all Defaults and Events of Default are otherwise remedied or waived in accordance with Section 11.1011.11, the Majority Lenders may elect in their sole discretion, to rescind the acceleration and return any cash collateral. (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the Borrower, even if the described conditions for the Majority Lenders' election may be met.)

Rescission of Acceleration. After acceleration of the maturity of the Revolving Loans, if the Borrower pays Borrowers pay all accrued interest and all principal due (other than by reason of the acceleration) and all Defaults and Events of Default are otherwise remedied or waived in accordance with Section 11.1010.11, the Majority Lenders may elect in their sole discretion, to rescind the acceleration and return any cash collateral. (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the BorrowerBorrowers, even if the described conditions for the Majority Lenders' election may be met.)

Rescission of Acceleration. After acceleration of the maturity of the Revolving Loans, if the Borrower pays all accrued interest and all principal due (other than by reason of the acceleration) and all Defaults and Events of Default are otherwise waived in accordance with Section 11.1012.10, the Majority Lenders may elect in their sole discretion, to rescind the acceleration and return any cash collateral. (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the Borrower, even if the described conditions for the Majority Lenders' election may be met.)

Rescission of Acceleration. After acceleration of the maturity of the Revolving Loans, if the each Borrower pays all accrued interest and all principal due (other than by reason of the acceleration) and all Defaults and Events of Default are otherwise remedied or waived in accordance with Section 11.1011.11, the Majority Lenders may elect in their sole discretion, to rescind the acceleration and return any cash collateral. (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the BorrowerBorrowers, even if the described conditions for the Majority Lenders' election may be met.)