Common use of Stay of Acceleration Clause in Contracts

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 8 contracts

Samples: Credit Agreement (Energizer Holdings, Inc.), Guarantee and Security Agreement (Cloud Peak Energy Inc.), Guarantee and Collateral Agreement (Inovalon Holdings, Inc.)

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Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative AgentSecured Party.

Appears in 8 contracts

Samples: Guarantee and Pledge Agreement, Credit Agreement, Credit Agreement

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower Company is stayed by reason of the insolvency or receivership of the Borrower Company or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Subsidiary Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 6 contracts

Samples: Credit Agreement (NMI Holdings, Inc.), Credit Agreement (NMI Holdings, Inc.), Guarantee and Security Agreement (CNO Financial Group, Inc.)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agenteither Secured Party.

Appears in 5 contracts

Samples: Guarantee, Pledge and Proceeds Application Agreement, Master Transaction Agreement, Master Transaction Agreement

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed stayed, enjoined or prevented for any reason (including but not limited to by reason of the insolvency or receivership of the Borrower or otherwise), all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement Loan Document shall nonetheless be payable by the Guarantors hereunder Guarantor forthwith on demand by the Administrative Agent.

Appears in 5 contracts

Samples: Credit Agreement (LG&E & KU Energy LLC), Revolving Credit Agreement (PPL Energy Supply LLC), Revolving Credit Agreement (PPL Energy Supply LLC)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the applicable Borrower or the applicable Obligor is stayed by reason of the insolvency or receivership of the applicable Borrower or the applicable Obligor or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 3 contracts

Samples: Guarantee and Collateral Agreement (School Specialty Inc), Guarantee and Collateral Agreement (School Specialty Inc), Guarantee and Collateral Agreement (School Specialty Inc)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower Company is stayed by reason of the insolvency or receivership of the Borrower Company or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative AgentCollateral Representative.

Appears in 3 contracts

Samples: Note Purchase Agreement (Navisite Inc), Note Purchase Agreement (Cmgi Inc), Guarantee and Security Agreement (Navisite Inc)

Stay of Acceleration. If acceleration of the time for payment of any Secured Guaranteed Obligation by the Borrower is stayed by reason of upon the insolvency insolvency, bankruptcy or receivership reorganization of the Borrower or otherwise, all Secured such Guaranteed Obligations otherwise subject to acceleration under the terms of any Secured Agreement Loan Document shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 3 contracts

Samples: Bridge Loan Agreement (Merck & Co Inc), Incremental Credit Agreement (Merck & Co Inc), Asset Sale Facility Agreement (Merck & Co Inc)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Collateral Agent.

Appears in 3 contracts

Samples: Credit Agreement (Huntington Ingalls Industries, Inc.), Guarantee and Security Agreement (Unova Inc), Guarantee and Security Agreement (Unova Inc)

Stay of Acceleration. If acceleration of the time for payment of any Secured Guaranteed Obligation by the Borrower any Obligor is stayed by reason of the insolvency or receivership of the Borrower such Obligor or otherwise, all Secured Guaranteed Obligations otherwise subject to acceleration under the in accordance with their terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder Guarantor forthwith on demand by the Administrative Collateral Agent.

Appears in 2 contracts

Samples: Guarantee Agreement (Nortel Networks Corp), Guarantee Agreement (Nortel Networks LTD)

Stay of Acceleration. If acceleration of the time for payment of any Secured Guaranteed Obligation by the Borrower is stayed by reason upon insolvency, bankruptcy or reorganization of the insolvency or receivership of the Borrower or otherwiseBorrower, all Secured Obligations such amounts otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors each Guarantor hereunder forthwith on demand by the Administrative AgentAgent made at the request of the Required Lenders or, after all Obligations have been repaid in full and the Total Commitment has been terminated, a majority of the holders of all outstanding obligations under Guaranteed Derivatives Agreements.

Appears in 2 contracts

Samples: Credit Agreement (Tekni Plex Inc), Credit Agreement (Tekni Plex Inc)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Collateral Agent.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Advanced Disposal Services, Inc.), Guarantee and Collateral Agreement (GT Solar International, Inc.)

Stay of Acceleration. If acceleration of the time for payment of any Secured Guaranteed Obligation by the Borrower is stayed by reason of upon the insolvency insolvency, bankruptcy or receivership reorganization of the Borrower or otherwise, all Secured Guaranteed Obligations otherwise subject to acceleration under the terms of any Secured the Credit Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 2 contracts

Samples: Collateral and Guaranty Agreement (Pennymac Financial Services, Inc.), Collateral and Guaranty Agreement (Pennymac Financial Services, Inc.)

Stay of Acceleration. If In the event that acceleration of the time for payment of any Secured Guaranteed Obligation by the Borrower is stayed by reason of the upon insolvency or receivership of the Borrower or otherwise, all Secured such Guaranteed Obligations otherwise subject to acceleration under the terms of any Secured this Agreement shall nonetheless be payable by the Guarantors each Guarantor hereunder forthwith on demand by the Administrative Agentdemand.

Appears in 2 contracts

Samples: Credit Agreement (Delhaize Group), Credit Agreement (Delhaize Group)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the any Borrower or any other Guarantor is stayed by reason of the insolvency or receivership of the such Borrower or such other Guarantor or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Tempur Sealy International, Inc.), Credit Agreement (Tempur Sealy International, Inc.)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower or the applicable Obligor is stayed by reason of the insolvency or receivership of the Borrower or the applicable Obligor or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Collateral Agent.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (School Specialty Inc), Guarantee and Collateral Agreement (School Specialty Inc)

Stay of Acceleration. If To the fullest extent permitted under applicable law, if acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured the Credit Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 2 contracts

Samples: Guarantee Agreement, Guarantee Agreement (Fidelity & Guaranty Life)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the any Borrower is stayed by reason of the insolvency or receivership of the such Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Collateral Agent.

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Ryerson Inc.), Guarantee and Security Agreement (Ryerson Tull Inc /De/)

Stay of Acceleration. If acceleration of the time for payment of any Secured Guaranteed Obligation by the Borrower is stayed by reason upon the insolvency, bankruptcy or reorganization of the insolvency or receivership of the Borrower or otherwiseCompany, all Secured such Guaranteed Obligations otherwise subject to acceleration under the terms of any Secured the Credit Agreement shall nonetheless be payable by the Guarantors Guarantor hereunder forthwith on demand by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Merck & Co. Inc.), Guarantee and Joinder Agreement (Merck & Co. Inc.)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the any Borrower is stayed by reason of the insolvency or receivership of the any Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Subsidiary Guarantors hereunder forthwith on demand by the Administrative Collateral Agent.

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Cummins Inc), Indenture (Cummins Inc)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower one or more Borrowers or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 2 contracts

Samples: Security Agreement (Lyondell Chemical Co), Security Agreement (Equistar Chemicals Lp)

Stay of Acceleration. If acceleration of the time for payment of any Secured Guaranteed Obligation by the Borrower a Relevant Obligor is stayed by reason of the insolvency or receivership of the Borrower such Relevant Obligor or otherwise, all Secured other Guaranteed Obligations otherwise subject to acceleration under the in accordance with their terms of any Secured Agreement shall nonetheless be payable by the Guarantors each Guarantor hereunder forthwith on demand by the Administrative Collateral Agent.

Appears in 2 contracts

Samples: Foreign Pledge Agreement (Nortel Networks LTD), Foreign Pledge Agreement (Nortel Networks Corp)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the any Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the U.S. Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Cloud Peak Energy Resources LLC)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower or the applicable Obligor is stayed by reason of the insolvency or receivership of the Borrower or the applicable Obligor or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (School Specialty Inc)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement Loan Document shall nonetheless be payable by the Guarantors Holdings hereunder forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Holdings Guaranty (Spectrum Brands, Inc.)

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Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower or the applicable Obligor is stayed by reason of the insolvency or receivership of the Borrower or the applicable Obligor or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative AgentSecured Party.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Electronic Cigarettes International Group, Ltd.)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Subsidiary Guarantors hereunder forthwith on upon demand by the Administrative AgentCollateral Agent made, in the case of any Loans, at the request of the Required Lenders or, in the case of obligations under a Designated Interest Rate Agreement, at the request of the relevant Interest Hedge Counterparty.

Appears in 1 contract

Samples: Credit Agreement (Kindred Healthcare Inc)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement Security Document shall nonetheless be payable by the Subsidiary Guarantors hereunder forthwith on demand by the Administrative Collateral Agent.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (AerCap Holdings N.V.)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation Guaranteed Obligations payable by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured such Guaranteed Obligations otherwise subject to acceleration under the terms of any Secured Agreement Loan Document shall nonetheless be payable by each of the Subsidiary Guarantors hereunder forthwith on demand by the Administrative AgentAgent made at the request of the Required Banks.

Appears in 1 contract

Samples: Credit Agreement (Republic Group Inc)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower Company is stayed by reason of the insolvency or receivership of the Borrower Company or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative AgentSecured Party.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Engage Inc)

Stay of Acceleration. If acceleration of the time for payment of any Secured Facility Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Facility Obligations otherwise subject to acceleration under the terms of any Secured Facility Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Collateral Agent.

Appears in 1 contract

Samples: Credit Agreement (Windstream Services, LLC)

Stay of Acceleration. If To the fullest extent permitted under applicable law, if acceleration of the time for payment of any Secured Obligation by the any Borrower is stayed by reason of the insolvency or receivership of the such Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured the Credit Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Guarantee Agreement (FGL Holdings)

Stay of Acceleration. If In the event that acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency Secured Obligations is stayed, upon the insolvency, bankruptcy or receivership reorganization of the Borrower or any other Person, or otherwise, all the Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on immediately upon demand by the Administrative Agent.

Appears in 1 contract

Samples: Guaranty of Payment (ZAGG Inc)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower a Debtor is stayed by reason of the insolvency or receivership of the Borrower such Debtor or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement Related Document shall nonetheless be payable by the Guarantors Subsidiary Debtors hereunder forthwith on demand by the Administrative Collateral Agent.

Appears in 1 contract

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

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the relevant Borrower is stayed by reason of the insolvency or receivership of the such Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Guarantee and Security Agreement (DealerTrack Holdings, Inc.)

Stay of Acceleration. If acceleration of the time for payment of any Secured Guaranteed Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Guaranteed Obligations otherwise subject to acceleration under the terms of any Secured the Credit Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Employers Holdings, Inc.)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative AgentCollateral Agent (acting at the direction of the Majority Lenders).

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Retrophin, Inc.)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Secured Obligations otherwise subject to acceleration under the terms of any Secured Agreement Loan Document shall nonetheless be payable by the Guarantors Limited Recourse Pledgor hereunder forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Genworth Financial Inc)

Stay of Acceleration. If In the event that acceleration of the time for payment of any Secured Guaranteed Obligation by the Borrower is stayed by reason of the upon insolvency or receivership of the Borrower or otherwise, all Secured such Guaranteed Obligations otherwise subject to acceleration under the terms of any Secured this Agreement shall nonetheless be payable by the Guarantors each Subsidiary Guarantor hereunder forthwith on demand by the Administrative Agentdemand.

Appears in 1 contract

Samples: Credit Agreement (Delhaize America Inc)

Stay of Acceleration. If acceleration of the time for payment of any Secured Obligation by the Borrower is stayed by reason upon the insolvency, bankruptcy or reorganization of the insolvency or receivership of the Borrower or otherwiseObligor, all such Secured Obligations otherwise subject to acceleration under the terms of any Secured the Loan Agreement shall nonetheless be payable by the Guarantors Guarantor hereunder forthwith on demand by the Administrative AgentLenders.

Appears in 1 contract

Samples: Guarantee Agreement (China Housing & Land Development, Inc.)

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