Common use of Section 6 Not To Prevent Events of Default Clause in Contracts

Section 6 Not To Prevent Events of Default. The failure to make a payment of any Amount Payable by reason of any provision of this Section 6 shall not be construed as preventing the occurrence of an Event of Default under Section 5.1 hereof, except as provided in Section 6.2(b).

Appears in 2 contracts

Samples: Non Negotiable Subordinated Note (Jordan Industries Inc), Non Negotiable Subordinated Note (Jordan Industries Inc)

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Section 6 Not To Prevent Events of Default. The failure to make a ------------------------------------------ payment of any Amount Amounts Payable by reason of any provision of this Section 6 shall not be construed as preventing the occurrence of an Event of Default under Section 5.1 hereof, except as provided in Section 6.2(b).

Appears in 2 contracts

Samples: Non Negotiable Subordinated Note (Motors & Gears Inc), Non Negotiable Subordinated Note (Motors & Gears Inc)

Section 6 Not To Prevent Events of Default. The failure to make a payment on account of any Amount Payable principal of or interest on the Notes by reason of any provision of this Section 6 shall will not be construed as preventing the occurrence of an Event of Default under Section 5.1 hereof, except as provided in Section 6.2(b)Default.

Appears in 1 contract

Samples: Securities Purchase Agreement (Morgan Stanley Dean Witter & Co)

Section 6 Not To Prevent Events of Default. The failure to make a payment of any Amount Amounts Payable by reason of any provision of this Section 6 shall not be construed as preventing the occurrence Occurrence of an Event of Default under Section 5.1 hereof, except as provided in Section 6.2(b).

Appears in 1 contract

Samples: Subordinated Note (Jordan Industries Inc)

Section 6 Not To Prevent Events of Default. The failure to make a ------------------------------------------ payment of any Amount Payable by reason of any provision of this Section 6 shall not be construed as preventing the occurrence of an Event of Default under Section 5.1 hereof, except as provided in Section 6.2(b).

Appears in 1 contract

Samples: Non Negotiable Subordinated Note (Motors & Gears Inc)

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Section 6 Not To Prevent Events of Default. The failure ------------------------------------------ to make a payment of any Amount Amounts Payable by reason of any provision of this Section 6 shall not be construed as preventing the occurrence of an Event of Default under Section 5.1 hereof, except as provided in Section 6.2(b).

Appears in 1 contract

Samples: Non Negotiable Subordinated Note (Motors & Gears Inc)

Section 6 Not To Prevent Events of Default. The failure to make a payment of any Amount Payable by reason of any provision of this Section 6 shall not be construed as preventing the occurrence of an Event of Default under Section 5.1 hereof, except the failure to pay as provided in a result of Section 6.2(b)) shall not be an Event of Default under Section 5.1.

Appears in 1 contract

Samples: Non Negotiable Subordinated Note (Jordan Industries Inc)

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