Common use of Rescission of Acceleration Clause in Contracts

Rescission of Acceleration. The provisions of SECTION 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of SECTION 6.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 4 contracts

Samples: Note Agreement (Allied Capital Corp), Note Agreement (Allied Capital Corp), Note Agreement (Allied Capital Corp)

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Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of SECTION Section 6.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 3 contracts

Samples: Note Agreement (Wolverine World Wide Inc /De/), Penford Corp, Allied Capital Corp

Rescission of Acceleration. The provisions of SECTION §6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of SECTION §6.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding (without regard to the Series of such Notes) may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 2 contracts

Samples: Note Agreement (Allied Capital Corp), Note Agreement (Allied Capital Corp)

Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal of and accrued interest on all or any the outstanding Notes have Note has been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of SECTION 6.1Default, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding holder may, by written instrument filed with notice to the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 2 contracts

Samples: Note Agreement (Standard Management Corp), Note Agreement (Standard Management Corp)

Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of SECTION Section 6.1, the holders of 66-2/3not less than 75% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, ; provided that at the time such declaration is annulled and rescinded:

Appears in 2 contracts

Samples: Note Agreement (Johnson Worldwide Associates Inc), Note Agreement (Johnson Worldwide Associates Inc)

Rescission of Acceleration. The provisions of SECTION 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, or paragraphs (m) or (n), of SECTION 6.1, the holders of 66-2/355% or more in aggregate principal amount of the outstanding Notes of any series then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereofthereof with respect to such series of the Notes, provided that at the time such declaration is annulled and rescinded:

Appears in 2 contracts

Samples: Guaranty Agreement (Universal Forest Products Inc), Guaranty Agreement (Universal Forest Products Inc)

Rescission of Acceleration. The provisions of SECTION §6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of SECTION §6.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 2 contracts

Samples: Note Agreement (Allied Capital Corp), Note Agreement (Allied Capital Corp)

Rescission of Acceleration. The provisions of SECTION 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, or paragraph (m) of SECTION 6.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Orbital Sciences Corp /De/)

Rescission of Acceleration. The provisions of SECTION 6.3 [SECTION]6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ij), inclusive, of SECTION 6.1[SECTION]6.1, the holders of Holders holding 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Berkshire Gas Co /Ma/)

Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ig), inclusive, of SECTION Section 6.1, the holders of 66-2/3more than 50% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Purchase Agreement (Value Partners LTD /Tx/)

Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ig), inclusive, of SECTION Section 6.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Cleveland Cliffs Inc)

Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, or paragraphs (m) or (n), of SECTION Section 6.1, the holders of 66-2/355% or more in aggregate principal amount of the outstanding Notes of any series then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereofthereof with respect to such series of the Notes, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Universal Forest Products Inc)

Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal Accreted Value of and accrued interest and unpaid interest, if any, on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ij), inclusive, of SECTION Section 6.1, the holders of 66-2/3% a majority in aggregate principal amount Accreted Value of the outstanding Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:.

Appears in 1 contract

Samples: Note Agreement (Family Restaurants)

Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes of a Series have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of SECTION Section 6.1, the holders of Holders holding more than 66-2/3% in aggregate principal amount of the Notes of such Series then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Semco Energy Inc)

Rescission of Acceleration. The provisions of SECTION 6.3 Section6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ih) and (k), inclusive, of SECTION 6.1Section6.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Standard Motor Products Inc)

Rescission of Acceleration. The provisions of SECTION 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of pursuant to either the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, second or third paragraph of SECTION 6.16.3, the holders of Holders holding 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Fuller H B Co)

Rescission of Acceleration. The provisions of SECTION 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (ac) through (ik), inclusive, of SECTION 6.1, the holders of 66-2/367% in aggregate principal amount of the Notes then outstanding (exclusive of any Notes held by a Restricted Subsidiary or Affiliate) may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, ; provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Financial Federal Corp

Rescission of Acceleration. The provisions of SECTION 6.3 Section 7.3 are subject to the condition that if the principal of and accrued interest on all the Notes or any outstanding Notes have either of them has been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ih), inclusive, of SECTION 6.1Section 7.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding Lender may, by written instrument filed with the CompanyBorrower, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Credit and Security Agreement (Computer Outsourcing Services Inc)

Rescission of Acceleration. The provisions of SECTION 6.3 Section 6.2 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of SECTION Section 6.1, the holders of at least 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (AbitibiBowater Inc.)

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Rescission of Acceleration. The provisions of SECTION 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of SECTION 6.1, the holders Holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Remarketing and Contingent Purchase Agreement (Allied Capital Corp)

Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (in), inclusive, of SECTION Section 6.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Connecticut Water Service Inc / Ct)

Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal amount of and accrued interest and unpaid interest, if any, on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ih), inclusive, of SECTION Section 6.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding Majority Holders may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:.

Appears in 1 contract

Samples: Note Agreement (Prandium Inc)

Rescission of Acceleration. The provisions of SECTION 6.3 (S)6.3 are --------------------------------------- subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ij), inclusive, of SECTION 6.1(S)6.1, the holders of 66-2/376% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that -------- at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: U S Rentals Inc

Rescission of Acceleration. The provisions of SECTION 6.3 Section 7.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ih), inclusive, of SECTION 6.1Section 7.1, the holders of 66-2/3% a majority in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and or rescinded:

Appears in 1 contract

Samples: Dental Medical Diagnostic Systems Inc

Rescission of Acceleration. The provisions of SECTION 6.3 (S)6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ih), inclusive, of SECTION 6.1(S)6.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Bwip Inc

Rescission of Acceleration. The provisions of SECTION 6.3 (S)7.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ik), inclusive, of SECTION 6.1(S)7.1, the holders of 66-2/351% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Shade Acquisition Inc)

Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal of and accrued interest and unpaid interest, if any, on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ij), inclusive, of SECTION Section 6.1, the holders of 66-2/3% a majority in aggregate principal amount Accreted Value of the outstanding Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:.

Appears in 1 contract

Samples: Note Agreement (Family Restaurants)

Rescission of Acceleration. The provisions of SECTION §6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes of a Series have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (ik), inclusive, of SECTION §6.1, the holders of 66-2/351 % in aggregate principal amount of the Notes of such Series then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Cabela’s Incorporated (Cabelas Inc)

Rescission of Acceleration. The provisions of SECTION 6.3 Section 6.2 are -------------------------- subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of SECTION 6.1Default, the holders of 66-2/3% a majority in aggregate principal amount of the Notes then outstanding maymay within 90 days of the Notes becoming due and payable, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Purchase Agreement (Worldcorp Inc)

Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (g) inclusive, (i) or (l), inclusive, of SECTION Section 6.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (SJW Corp)

Rescission of Acceleration. The provisions of SECTION Section 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (ad) through (il), inclusive, of SECTION Section 6.1, the holders of Holders holding 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Cherry Corp)

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