Common use of 2Acceleration Clause in Contracts

2Acceleration. If an Event of Default (other than an Event of Default described in clause (6) of Section 6.1) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in aggregate principal amount of the outstanding Notes by notice to the Issuer, the Company and the Trustee, may, and the Trustee at the request of such Holders shall, declare the principal of, premium, if any, and accrued and unpaid interest, if any, and Additional Amounts, if any, on all the Notes to be due and payable immediately. Upon such a declaration, such principal, premium, accrued and unpaid interest, and Additional Amounts, if any, will be due and payable immediately. If an Event of Default described in clause (6) of Section 6.1 above occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest on all the Notes will become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders.

Appears in 2 contracts

Sources: Indenture (Fresenius Medical Care AG & Co. KGaA), Indenture (Fresenius Medical Care AG & Co. KGaA)

2Acceleration. If an Event of Default (other than an Event of Default described specified in clause (6v) or (vi) of Section 6.16.1 with respect to the Company) occurs and is continuing, unless otherwise specified for Notes of any series in the applicable Notes Supplemental Indenture, as contemplated by Section 2.4, the Trustee by notice to the Company, or the Holders of at least 2530.0% in aggregate principal amount of the outstanding Notes by written notice to the Issuer, the Company and the Trustee, may, (and the Trustee at if given by the request of such Holders shall, Holders) may declare the principal of, premium, if any, and accrued and but unpaid interest, if any, and Additional Amounts, if any, interest on all the Notes to be due and payable immediatelypayable. Upon such a declaration, such principal, premium, accrued principal and unpaid interest, and Additional Amounts, if any, interest will be due and payable immediately. If an Event of Default described in clause arising from Section 6.1(v) or (6) of Section 6.1 above vi), with respect to the Company, occurs and is continuing, unless otherwise specified for Notes of any series in the applicable Notes Supplemental Indenture, as contemplated by Section 2.4, the principal of, premium, if any, and accrued and unpaid interest on all the Notes will become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders.

Appears in 1 contract

Sources: Indenture (Getty Images Holdings, Inc.)