Common use of Stay of Acceleration Clause in Contracts

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, by the Parent immediately upon demand by the Secured Parties.

Appears in 8 contracts

Samples: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp), Security Agreement (Suburban Propane Partners Lp)

AutoNDA by SimpleDocs

Stay of Acceleration. If In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent Guarantors who are not subject to such automatic stay immediately upon demand by the Secured PartiesAdministrative Agent.

Appears in 8 contracts

Samples: Assignment and Assumption (American Assets Trust, L.P.), Credit Agreement (American Assets Trust, L.P.), Credit Agreement (Empire State Realty OP, L.P.)

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent immediately upon demand by the Secured Parties.

Appears in 8 contracts

Samples: Credit Agreement (Braemar Hotels & Resorts Inc.), Credit Agreement (Ashford Inc.), Credit Agreement (Braemar Hotels & Resorts Inc.)

Stay of Acceleration. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed, in connection with any case commenced by or against the Parent or the any Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent Guarantors immediately upon demand by the Secured Creditor Parties.

Appears in 6 contracts

Samples: Credit Agreement (W. P. Carey Inc.), Credit Agreement (Kennedy-Wilson Holdings, Inc.), Credit Agreement (Kennedy-Wilson Holdings, Inc.)

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other Domestic Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly payable by such Domestic Loan Party and severally, by the Parent other Domestic Loan Parties immediately upon demand by the Secured Parties.

Appears in 5 contracts

Samples: Credit Agreement (Novanta Inc), Credit Agreement (Novanta Inc), Credit Agreement (Novanta Inc)

Stay of Acceleration. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower Xxxxxxxxx or any other Loan Party Subsidiary Borrower under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent Xxxxxxxxx immediately upon demand by the Secured PartiesLenders.

Appears in 4 contracts

Samples: Credit Agreement (Carpenter Technology Corp), Credit Agreement (Carpenter Technology Corp), Credit Agreement (Carpenter Technology Corp)

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against any Loan Party other than the Parent or the Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent immediately upon demand by the Secured Parties.

Appears in 3 contracts

Samples: Credit Agreement (Ashford Hospitality Trust Inc), Credit Agreement (Ashford Hospitality Trust Inc), Credit Agreement (Ashford Hospitality Trust Inc)

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other a Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payablepayable by each Loan Party, jointly and severally, by the Parent immediately upon demand by the Secured Parties.

Appears in 3 contracts

Samples: Credit Agreement (GRIID Infrastructure Inc.), Credit Agreement (Cleanspark, Inc.), Credit Agreement (Cleanspark, Inc.)

Stay of Acceleration. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed, stayed in connection with any case commenced by or against the Parent or the Borrower Guarantor or any other Loan Party under any Debtor Relief Laws, Law or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent Guarantor immediately upon demand by the Secured PartiesAdministrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Qep Resources, Inc.), Credit Agreement (QEP Midstream Partners, LP), Credit Agreement (QEP Midstream Partners, LP)

Stay of Acceleration. If In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, in connection with any case commenced by or against the Parent or the other Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent immediately upon demand by the Secured PartiesAdministrative Agent.

Appears in 2 contracts

Samples: Parent Guaranty (Rowan Companies PLC), Parent Guaranty (Rowan Companies PLC)

Stay of Acceleration. If In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent immediately upon demand by the Secured PartiesAdministrative Agent.

Appears in 2 contracts

Samples: Parent Guaranty (Rowan Companies PLC), Parent Guaranty (Rowan Companies PLC)

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other Domestic Loan Party under any Debtor 171 Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly payable by such Domestic Loan Party and severally, by the Parent other Domestic Loan Parties immediately upon demand by the Secured Parties.

Appears in 1 contract

Samples: Credit Agreement (Novanta Inc)

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other Loan Party under any Debtor Relief Bankruptcy Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent immediately upon demand by the Secured Parties.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (TLC Vision Corp)

AutoNDA by SimpleDocs

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent immediately upon demand by the Secured PartiesLender.

Appears in 1 contract

Samples: Credit Agreement (PMC Sierra Inc)

Stay of Acceleration. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed, in connection with any case commenced by or against the Parent or the any Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent immediately upon demand by the Secured PartiesAdministrative Agent, the L/C Issuers and the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Ipsco Inc)

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent immediately upon demand by the Secured PartiesLenders, the Administrative Agent or any indemnified party.

Appears in 1 contract

Samples: Term Credit Agreement (Aon Corp)

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case or proceeding commenced by or against the Parent or the any Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent immediately upon demand by the Secured Parties.

Appears in 1 contract

Samples: Term Loan Agreement (LSB Industries Inc)

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against the Parent Xxxxxxx or the Borrower Company or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent Xxxxxxx immediately upon demand by the Secured PartiesLenders.

Appears in 1 contract

Samples: Credit Agreement (Fortive Corp)

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other Loan Party Borrowers under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent immediately upon demand by the Secured PartiesLender.

Appears in 1 contract

Samples: Credit Agreement (Dynasty Financial Partners Inc.)

Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent immediately upon demand by the Secured Parties.

Appears in 1 contract

Samples: Credit Agreement (Braemar Hotels & Resorts Inc.)

Stay of Acceleration. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed, in connection with any case commenced by or against the Parent or the Borrower or any other Loan Party under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable, jointly and severally, payable by the Parent immediately upon demand by the Secured PartiesAdministrative Agent and the Lenders.

Appears in 1 contract

Samples: Bridge Loan Agreement (Ipsco Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.