Acceleration of Maturities. When any Event of Default described in paragraph (a) or (b) of §6.1 has happened and is continuing, any Holder of any Note may declare the entire principal and all interest accrued on such Holder’s Notes to be and such Notes shall thereupon become, forthwith due and payable, without any presentment, demand, protest or other notice of any kind, all of which are hereby waived. When any Event of Default described in paragraphs (a) through (i), inclusive, of §6.1 has happened and is continuing, the Holder or Holders of 51% or more of the principal amount of Notes at the time outstanding may, by notice to the Company, declare the entire principal and all interest accrued on all Notes to be, and all Notes shall thereupon become, forthwith due and payable, without any presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived. When any Event of Default described in paragraph (j) or (k) of §6.1 has occurred, then all outstanding Notes shall immediately become due and payable without presentment, demand or notice of any kind. Upon any Note becoming due and payable as a result of any Event of Default as aforesaid, the Company will forthwith pay to the Holder of such Note the entire principal and interest accrued on such Note and (to the extent permitted by applicable law) an amount as liquidated damages for the loss of the bargain evidenced hereby (and not as a penalty) equal to the applicable Make-Whole Amount which the Company would be obligated to pay if the Notes were being prepaid pursuant to §2.2, determined as of the date on which such Note shall so become due and payable. No course of dealing on the part of the Holder or Holders of any Notes nor any delay or failure on the part of any Holder of Notes to exercise any right shall operate as a waiver of such right or otherwise prejudice such Holder’s rights, powers and remedies. The Company further agrees, to the extent permitted by law, to pay to the Holder or Holders of the Notes all costs and expenses incurred by them in the collection of any Notes upon any default hereunder or thereon, including reasonable compensation to such Holder’s or Holders’ attorneys for all services rendered in connection therewith.
Acceleration of Maturities. When any Event of Default described in clause (i) of paragraph 7(a) has occurred and is continuing, any holder of a Note may, by notice to the Company, declare the entire principal and all interest accrued on the Notes held by such holder to be, and the Notes held by such holder shall thereupon become, forthwith due and payable, without any presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived. In addition to and not in limitation of the foregoing, when any Event of Default described in clauses (i), (ii), (v), (vi), (vii) or (viii) of said paragraph 7(a) has occurred and is continuing, the holder or holders of more than 50% of the principal amount of Notes at the time outstanding may, by notice to the Company, declare the entire principal and all interest accrued on all Notes to be, and all Notes shall thereupon become, forthwith due and payable, without any presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived. When any Event of Default described in clauses (iii) or (iv) of paragraph 7(a) has occurred, then all outstanding Notes shall immediately become due and payable without presentment, demand or notice of any kind. Upon any Notes becoming due and payable as a result of any Event of Default as aforesaid, the Company will forthwith pay to the holders of the Notes then due and payable the entire principal and interest accrued on the Notes and, to the extent not prohibited by applicable law, an amount as liquidated damages for the loss of the bargain evidenced hereby (and not as a penalty) equal to the premium specified in paragraph 2(a) hereof, if any, determined as of the date on which the Notes shall so become due and payable. No course of dealing on the part of the holder or holders of the Notes nor any delay or failure on the part of any holder to exercise any right shall operate as a waiver of such right or otherwise prejudice such holder's rights, powers and remedies. The Company further agrees, to the extent permitted by law, to pay to the holder or holders of the Notes all costs and expenses incurred by them in the collection of any Notes upon any default hereunder or thereon, including reasonable compensation to such holder's or holders' attorneys for all services rendered in connection therewith.
Acceleration of Maturities. (a) Upon the happening and continuance of any Event of Default specified in subsection (c) of Section 802 hereof, the Trustee shall, by a notice in writing to the Authority and the Borrower, declare the principal of all of the Bonds then outstanding (if' not then due and payable), to be immediately due and payable, and upon such declaration the same shall become and be immediately due and payable after the date of such notice, anything contained in the Bonds or in this Agreement to the contrary notwithstanding, and immediately upon declaration of such acceleration shall apply the amounts deposited by the Letter of Credit Issuer or otherwise resulting from the proceeds of a draw under the Letter of Credit to the payment in full of the principal of and interest on the Bonds. -----(b) Upon the happening and continuance of any Event of Default, other than the Event of Default specified in subsection (c) of Section 802 hereof, the Trustee may, and upon the written request of the Holders of not less than twenty-five percent (25%) in aggregate principal amount of the Bonds then outstanding shall, with the written consent of the Letter of Credit Issuer, but only as long as any of the Events of Default specified in clauses (d), (e) or (f) of Section 802 hereof relating to the Letter of Credit Issuer shall not have occurred and be continuing, by a notice in writing to the Authority and the Letter of Credit Issuer, declare the principal of all of the Bonds then outstanding (if not then due and payable), to be immediately due and payable, and upon such declaration the same shall become and be immediately due and payable after the date of such notice, anything contained in the Bonds or in this Agreement to the contrary notwithstanding. -----(c) If at any time after the principal of Bonds shall have been so declared to be due and payable, and before the entry of final judgment or decree in any suit, action or proceeding instituted on account of such default, and before the completion of the enforcement of any other remedy under this Agreement, and before the Letter of Credit Issuer has deposited with the Trustee amounts sufficient to pay the principal of and interest on the Bonds, Eligible Moneys shall have accumulated in the Bond Fund or the Debt Service Reserve Fund sufficient to pay the principal of all Bonds then outstanding (except the principal of any Bonds then due and payable only because of a declaration under this Section 803 and the interest accrued on such B...
Acceleration of Maturities. 48 6.4. Rescission of Acceleration..............................................................49
Acceleration of Maturities. When any Event of Default described in paragraphs (1), (2), (4), (5) or (10) of Section 6(a) has happened, the Investor may, by delivering to Alon Brands a two Business Day prior written notice, declare the Note and all amounts due on account of the Note due and payable, without any presentment, demand, protest or other notice of any kind (other the foregoing notice), all of which are hereby expressly waived. When any Event of Default described in paragraphs (6), (7), (8), (9), (11) or (12) of Section 6(a) has occurred, then all amounts due on account of the Note shall immediately become due and payable without presentment, demand or notice of any kind, all of which are hereby expressly waived. Upon the Note becoming due and payable as a result of any Event of Default as aforesaid, Alon Brands will forthwith pay to the Investor all principal of and interest accrued on the Note. Such amounts shall be supplemented by additional interest accrued thereon at an annual rate of 5% from the date when the Event of Default has occurred and until the payment date. Neither any course of dealing on the part of the Investor nor any delay or failure on the part of the Investor to exercise any right shall operate as a waiver of such right or otherwise prejudice the Investor’s rights, powers and remedies. Alon Brands further agrees to pay the Investor all reasonable expenses which it shall have incurred in implementation of its rights, powers and remedies under this Section 6(c).
Acceleration of Maturities. 27 Section 6.4. Rescission of Acceleration...................27
Acceleration of Maturities. (a) Upon the happening and continuance of any Event of Default, the Trustee may, and upon the written request of the Holders of not less than twenty-five percent (25%) in aggregate principal amount of the Bonds then outstanding shall, by a notice in writing to the Authority, the Borrower and the Guarantor, declare the principal of all of the Bonds then outstanding (if not then due and payable), to be immediately due and payable, and upon such declaration the same shall become and be immediately due and payable after the date of such notice, anything contained in the Bonds or in this Agreement to the contrary notwithstanding.
Acceleration of Maturities. Except as otherwise provided in the Intercreditor Agreement, when an Event of Default has happened and is continuing, Purchaser may, by notice to the Company, declare the entire principal and all interest accrued on the Note to be, and the Note shall thereupon become, forthwith due and payable, without any presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived. Thereupon the Company will forthwith pay to Purchaser the entire principal and interest accrued on the Note. No course of dealing on Purchaser's part nor any delay or failure on its part to exercise any right shall operate as a waiver of such right or otherwise prejudice Purchaser's rights, powers and remedies. The Company further shall, to the extent permitted by law, pay to Purchaser all reasonable costs and expenses incurred by Purchaser in the collection of the Note upon any default hereunder or thereon, including reasonable compensation to Purchaser's attorneys for all services rendered in connection therewith. Nothing herein shall be deemed a waiver of (a) Purchaser's rights under any of the Collateral Documents or (b) its right to xxx the Company or other responsible Persons for loss of profit and other damages suffered if there is an Event of Default under (s) 7.1 (g).
Acceleration of Maturities. 13 Section 6.4. Rescission of Acceleration . . . . . . . . . . . . . . . . . . . . 13
Acceleration of Maturities. When any Event of Default described in paragraph (a) or (b)
