Common use of Stay of Acceleration Clause in Contracts

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its Notes is stayed upon insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company hereunder forthwith on demand by the Agent made at the request of the Required Banks.

Appears in 14 contracts

Samples: Credit Agreement (Nortel Networks Corp), Credit Agreement (Nortel Networks LTD), Credit Agreement (Usw-C Inc)

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Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the any Borrower under this Agreement or its Notes is stayed upon insolvency, bankruptcy or reorganization of the such Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company hereunder forthwith on demand by the Administrative Agent made at the request of the Required BanksLenders.

Appears in 9 contracts

Samples: Credit Agreement (Cummins Inc), 364 Day Credit Agreement (Cummins Inc), Credit Agreement (Cummins Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its Notes any other Credit Document is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement or the other Credit Documents shall nonetheless be payable jointly and severally by the Company Guarantors hereunder forthwith on demand by the Administrative Agent made at the request of the Required Banks.

Appears in 9 contracts

Samples: Term Loan Agreement (Jones Lang Lasalle Inc), Multicurrency Credit Agreement (Jones Lang Lasalle Inc), Credit Agreement (Jones Lang Lasalle Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by the Borrower any Eligible Subsidiary under this Agreement or its the Notes is stayed upon the insolvency, bankruptcy or reorganization of the Borrowersuch Eligible Subsidiary, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company hereunder forthwith on demand by the Agent made at the request of the Required Banks.

Appears in 7 contracts

Samples: Multi Year Credit Agreement and 364 Day Credit Agreement (Gillette Co), 364 Day Credit Agreement (Gillette Co), 364 Day Credit Agreement (Gillette Co)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its Notes any Financing Document is stayed upon insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company Guarantor hereunder forthwith on demand by the Agent made at the request of the Required Banks.

Appears in 4 contracts

Samples: 364 Day Credit Agreement (Tyco International LTD /Ber/), 364 Day Credit Agreement (Tyco International LTD /Ber/), Credit Agreement (Tyco International LTD /Ber/)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the any Borrower under this Agreement or its the Notes (if any) is stayed upon the insolvency, bankruptcy or reorganization of the such Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company each applicable Guarantor hereunder forthwith on demand by the Agent made at the request of the Required Banksrequisite proportion of the Lenders specified in Section 6.01 of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Estee Lauder Companies Inc), Credit Agreement (Estee Lauder Companies Inc), Credit Agreement (Estee Lauder Companies Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower any Company under this Agreement Agreement, the Notes or its Notes any other Financing Document is stayed upon the insolvency, bankruptcy or reorganization of the Borrowersuch Company, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company each Guarantor hereunder forthwith on demand by the Agent made at the request of the Required Banksrequisite proportion of the Lenders specified in Article 9 of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Lets Talk Cellular & Wireless Inc), Credit Agreement (Lets Talk Cellular & Wireless Inc), Credit Agreement (Lets Talk Cellular & Wireless Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its orits Notes is stayed upon insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company hereunder forthwith on demand by the Agent made at the request of the Required Banks.

Appears in 2 contracts

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

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower Borrowers under this Agreement or its Notes any other Loan Document is stayed upon the insolvency, bankruptcy or reorganization of the BorrowerBorrowers, all such amounts otherwise subject to acceleration under the terms of this Agreement or the other Loan Documents shall nonetheless be payable jointly and severally by the Company Guarantors hereunder forthwith on demand by the Administrative Agent made at the request of the Required BanksLenders.

Appears in 2 contracts

Samples: Credit Agreement (Rohn Industries Inc), Credit Agreement (Rohn Industries Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower under this the Credit Agreement or its Notes is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this the Credit Agreement nonetheless shall nonetheless be payable by the Company any Guarantor hereunder forthwith on demand by the Collateral Agent made at the request of the Required BanksLenders.

Appears in 2 contracts

Samples: Credit Agreement (Jato Communications Corp), Credit Agreement (Jato Communications Corp)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the a Borrower under this Agreement or its Notes the Note is stayed upon the insolvency, bankruptcy or reorganization of the such Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company Guarantor hereunder forthwith on demand by the Agent made at the request of the Required BanksLender.

Appears in 2 contracts

Samples: Loan, Security, and Guaranty Agreement, Loan, Security, and Guaranty Agreement (Precision Partners Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its Notes Guaranteed Obligation is stayed upon insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement and the Bridge Notes shall nonetheless be by payable by the Company hereunder Guarantors forthwith on demand by the Agent made at the request of the Required Banksany Lender.

Appears in 2 contracts

Samples: Bridge Loan Agreement (Pca International Inc), Bridge Loan Agreement (Windmere Durable Holdings Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its the Notes is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company Guarantor hereunder forthwith on demand by the Administrative Agent made at the request of the Required Banksrequisite proportion of the Banks specified in Section 6.01 of this Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Estee Lauder Companies Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by any Borrowing Subsidiary under any of the Borrower under this Agreement or its Notes Loan Documents is stayed upon the insolvency, bankruptcy or reorganization of the Borrowerany Borrowing Subsidiary, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company Borrower hereunder forthwith on demand by the Agent made at the request of the Required BanksAdministrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Interim Services Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its Notes Guaranteed Obligation is stayed upon insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement and the Term Notes shall nonetheless be by payable by the Company hereunder Guarantors forthwith on demand by the Agent made at the request of the Required Banksany Lender.

Appears in 1 contract

Samples: Term Loan Agreement (Flashnet Communications Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by any of the Borrower under this Agreement or its Notes Borrowers in respect of the Obligations is stayed upon the insolvency, bankruptcy or reorganization of any of the BorrowerBorrowers, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company hereunder Guarantor forthwith on demand by the Agent made at the request of the Required Banks.Lender. ARTICLE XII

Appears in 1 contract

Samples: Term Loan Agreement (MTR Gaming Group Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its Notes any other Loan Document is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement or the other Loan Documents shall nonetheless be payable jointly and severally by the Company Guarantors hereunder forthwith on demand by the Administrative Agent made at the request of the Required Banks.

Appears in 1 contract

Samples: Credit Agreement (Nash Finch Co)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its Notes any Note is stayed upon insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company each Guarantor hereunder forthwith on demand by the Administrative Agent made at the request of the Required Banksrequisite proportion of the Banks specified in Article 6 of the Agreement.

Appears in 1 contract

Samples: Senior Reducing Revolving Credit Facility (Bellwether Exploration Co)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its the Notes is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company Guarantor hereunder forthwith on demand by the Agent made at the request of the Required Banks.

Appears in 1 contract

Samples: Credit Agreement (Cit Group Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the any Borrower Guarantor under this Agreement or its Notes other Loan Document in respect of a Guaranteed Obligation is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, any Borrower Guarantor all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company other Borrower Guarantors hereunder forthwith on demand by the Agent made at the request of the Required BanksAdministrative Agent.

Appears in 1 contract

Samples: Credit and Security Agreement (Instron Lawrence Corp)

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Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the any Borrower under this the Credit Agreement or its Notes is stayed upon the insolvency, bankruptcy or reorganization of the such Borrower, all such amounts otherwise subject to acceleration under the terms of this the Credit Agreement shall nonetheless be payable by the Company Guarantors hereunder forthwith on demand by the Administrative Agent made at the request of the Required Banks.. MISCELLANEOUS

Appears in 1 contract

Samples: Loan Agreement (Holly Corp)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its Notes Guarantied Obligation is stayed upon insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be by payable by the Company hereunder each Guarantor forthwith on demand by the Agent made at the request of the Required Banksany Lender.

Appears in 1 contract

Samples: Senior Secured Loan Facility and Guaranty Agreement (Railamerica Inc /De)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its Notes is stayed upon insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company hereunder forthwith on demand by the Administrative Agent made at the request of the Required BanksLenders.

Appears in 1 contract

Samples: Credit Agreement (Allergan Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower Borrowers under this Agreement or its Notes any other Loan Document is stayed upon the insolvency, bankruptcy or reorganization of any of the BorrowerBorrowers, all such amounts otherwise subject to acceleration under the terms of this Agreement or the other Loan Documents shall nonetheless be payable jointly and severally by the Company Guarantors hereunder forthwith on demand by the Administrative Agent made at the request of the Required BanksLenders.

Appears in 1 contract

Samples: Credit Agreement (Platinum Entertainment Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its Notes any other Financing Document is stayed upon the insolvency, bankruptcy or reorganization of the BorrowerCompany or any other Person, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company hereunder Subsidiary Guarantors forthwith on demand by the Agent made Purchaser at the request of the Required BanksMajority Holders.

Appears in 1 contract

Samples: Note Purchase Agreement (Medaphis Corp)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by the either Borrower under this Agreement or its Notes is stayed upon insolvency, bankruptcy or reorganization of the such Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company other Borrower hereunder forthwith on demand by the Agent made at the request of the Required BanksMajority Lenders.

Appears in 1 contract

Samples: Override Agreement (Morrison Knudsen Corp)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by the Borrower under this Agreement or its Notes Guaranteed Obligation is stayed upon insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement and the Notes shall nonetheless be by payable by the Company hereunder Guarantors forthwith on demand by the Agent made at the request of the Required Banksany Lender.

Appears in 1 contract

Samples: Bridge Loan Agreement (Key Energy Group Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by the a Borrower under this Agreement or its Notes any Financing Document is stayed upon insolvency, bankruptcy or reorganization of the such Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company applicable Guarantor hereunder forthwith on demand by the Agent made at the request of the Required Banksrequisite proportion of the Banks specified in Article 6 of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Aes Corporation)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower Borrowers under this Agreement or its Notes is stayed upon insolvency, bankruptcy or reorganization of the BorrowerBorrowers, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company hereunder forthwith on demand by the Administrative Agent made at the request of the Required BanksLenders.

Appears in 1 contract

Samples: Term Loan Agreement (Jacobs Engineering Group Inc /De/)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the Borrower Company under this Agreement or its Notes any Loan Document is stayed upon the insolvency, bankruptcy or reorganization of the BorrowerCompany, all such amounts otherwise subject to acceleration under the terms of this Agreement the Loan Documents shall nonetheless be payable by the Company Guarantors hereunder forthwith on demand by the Agent made at the request of the Required BanksPost-Petition Agent.

Appears in 1 contract

Samples: Post Petition Credit Agreement (U S Aggregates Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by the a Borrower under this Agreement or its Notes any Financing Document is stayed upon insolvency, bankruptcy or reorganization of the such Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company applicable Guarantor hereunder forthwith on demand by the Agent made at the request of the Required Banksrequisite proportion of the Banks specified in Article VI of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Aes Corporation)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by the any Borrower Guarantor under this Agreement or its Notes other Loan Document or any document in respect of an Affiliate Loan is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, any Borrower Guarantor all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company other Borrower Guarantors hereunder forthwith on demand by the Agent made at the request of the Required BanksAdministrative Agent.

Appears in 1 contract

Samples: Multicurrency Credit and Security Agreement (Erico Products Inc)

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