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 any Eligible Subsidiary under this Agreement or its Notes is stayed upon insolvency, bankruptcy or reorganization of such 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 Required Lenders.

Appears in 6 contracts

Samples: Credit Agreement (Servicemaster Co), 364 Day Credit Agreement (Servicemaster Co), Credit Agreement (Servicemaster Co)

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Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes is stayed upon insolvency, bankruptcy or reorganization of such 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 Administrative Agent made at the request of the Required Lenders.

Appears in 6 contracts

Samples: Credit Agreement (Campbell Soup Co), Credit Agreement (Praxair Inc), Credit Agreement (Allergan Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes is stayed upon insolvency, bankruptcy or reorganization of such 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 Administrative Agent made at the request of the Required Lenders.

Appears in 6 contracts

Samples: Credit Agreement (Johnson Controls Inc), Credit Agreement (Johnson Controls Inc), Credit Agreement (Johnson Controls Inc)

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

Appears in 4 contracts

Samples: Credit Agreement (Intercontinental Exchange, Inc.), Credit Agreement (Intercontinental Exchange, Inc.), Credit Agreement (IntercontinentalExchange Group, Inc.)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes is stayed upon insolvency, bankruptcy or reorganization of such 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 LendersBanks.

Appears in 4 contracts

Samples: Credit Agreement (Lincoln Electric Co), Credit Agreement (Aep Industries Inc), Credit Agreement (Analog Devices Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes any Note is stayed upon insolvency, bankruptcy or reorganization of such 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 Administrative Agent made at the request of the Required LendersBanks.

Appears in 4 contracts

Samples: Credit Agreement (Imc Global Inc), Credit Agreement (Imc Global Inc), Credit Agreement (Imc Global Inc)

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

Appears in 4 contracts

Samples: Credit Agreement (Toro Co), Credit Agreement (Toro Co), Credit Agreement (Toro Co)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes is stayed upon insolvency, bankruptcy or reorganization of such 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 LendersBanks.

Appears in 3 contracts

Samples: Credit Agreement (Boise Cascade Office Products Corp), Credit Agreement (Polaroid Corp), Credit Agreement (Albany International Corp /De/)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes is stayed upon insolvency, bankruptcy or reorganization of such 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 Administrative Agent made at the request of the Required LendersBanks.

Appears in 3 contracts

Samples: 364 Day Credit Agreement (Ck Witco Corp), Credit Agreement (Ck Witco Corp), Credit Agreement (Witco Corp)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes is stayed upon insolvency, bankruptcy or reorganization of such 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 Administrative Agent made at the request of the Required LendersBanks.

Appears in 3 contracts

Samples: Credit Agreement (Universal Health Services Inc), Credit Agreement (Allergan Inc), Credit Agreement (Allergan Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by any Eligible Subsidiary Borrower under this Agreement or its Notes the Loan Documents is stayed upon insolvencyany bankruptcy, bankruptcy insolvency or reorganization of such Eligible SubsidiarySubsidiary Borrower or otherwise, 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 LendersBanks.

Appears in 3 contracts

Samples: Credit Agreement (Foot Locker Inc), Credit Agreement (Foot Locker Inc), Credit Agreement (Foot Locker Inc)

Stay of Acceleration. In the event that If acceleration of the -------------------- time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes is stayed upon the insolvency, bankruptcy or reorganization of such any 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 Required LendersAdministrative Agent made at the request of the requisite proportion of the Banks specified in Article VI.

Appears in 2 contracts

Samples: Credit Agreement (Anheuser-Busch Companies, Inc.), Credit Agreement (Anheuser Busch Companies Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Culligan Water Technologies Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes is stayed upon insolvencyany bankruptcy, bankruptcy insolvency or reorganization of such Eligible SubsidiarySubsidiary or otherwise, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company TyCom hereunder forthwith on demand by the Required LendersLender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Tycom LTD)

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

Appears in 1 contract

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

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes any Note or Bankers' Acceptance is stayed upon insolvency, bankruptcy or reorganization of such 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 Administrative Agent made at the request of the Required LendersBanks.

Appears in 1 contract

Samples: Credit Agreement (Betzdearborn Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes or Yen Notes is stayed upon insolvency, bankruptcy or reorganization of such 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 Administrative Agent made at the request of the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (United States Surgical Corp)

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Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by any Eligible Borrowing Subsidiary under this Agreement or any of its Notes is stayed upon the insolvency, bankruptcy or reorganization of such Eligible Borrowing 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 Required Lenders.Agent for the account of the Banks. ​ ​ ​

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Ecolab Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Toro Co)

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

Appears in 1 contract

Samples: Short Term Credit Agreement (Culligan Water Technologies Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes any Note is stayed upon insolvency, bankruptcy or reorganization of such 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 Senior Managing Agent made at the request of the Required LendersBanks.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Imc Global Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes Subsidiary, as applicable, in respect of the Obligations is stayed upon the insolvency, bankruptcy bankruptcy, arrangement or reorganization of such Eligible SubsidiarySubsidiary or any moratorium affecting the payment of the Obligations, all such amounts that would otherwise be subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company Guarantor hereunder forthwith on demand by the Required LendersBeneficiaries.

Appears in 1 contract

Samples: Credit Agreement (Greenfire Resources Ltd.)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes in respect of the Obligations is stayed upon the insolvency, bankruptcy bankruptcy, arrangement or reorganization of such Eligible SubsidiarySubsidiary or any moratorium affecting the payment of the Obligations, all such amounts that would otherwise be subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company Guarantor hereunder forthwith on demand by the Required LendersBeneficiaries.

Appears in 1 contract

Samples: Credit Agreement (PENGROWTH ENERGY Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Sunbeam Corp/Fl/)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by any Eligible Subsidiary Borrower under this Agreement or its Notes the Loan Documents is stayed upon insolvencyany bankruptcy, bankruptcy insolvency or reorganization of such Eligible SubsidiarySubsidiary Borrower or otherwise, 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 Lenders.

Appears in 1 contract

Samples: Credit Agreement (Venator Group Inc)

Stay of Acceleration. In the event that If acceleration of the time for payment of any amount payable by any Eligible Subsidiary under this Agreement or its Notes is stayed upon the insolvency, bankruptcy or reorganization of such 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 Administrative Agent made at the request of the Required LendersBanks.

Appears in 1 contract

Samples: Revolving Credit Agreement (Eaton Corp)

Stay of Acceleration. In the event that acceleration of the time for payment of any amount payable by any Eligible Borrowing Subsidiary under this ​ ​ ​ Agreement or any of its Notes is stayed upon the insolvency, bankruptcy or reorganization of such Eligible Borrowing 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 Required LendersAgent for the account of the Banks.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Ecolab Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Alcan Inc)

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