Acceleration by Trustee Clause Samples

Acceleration by Trustee. If an Indenture Event of Default exists under any of Subsections 6.1(d), (e) or (f), the Notes then Outstanding shall automatically become forthwith due and payable. If any other Indenture Event of Default exists, the Trustee upon written request of the Majority Holders, shall declare the entire principal of and all interest accrued on all the Notes then Outstanding and the applicable Make-Whole Amount, if any, to be, and such Notes shall thereupon become, forthwith due and payable together with all interest accrued thereon and the applicable Make-Whole Amount, if any. In either such case, the Outstanding Notes shall become due and payable without any presentment, demand, protest, notice of protest, notice of acceleration or intention to accelerate or any other notice or declaration of any kind, all of which are hereby expressly waived by the Issuer, and the Issuer will forthwith pay to all holders of the Notes then Outstanding the entire principal of and interest accrued on their respective Notes (but specifically excluding unearned interest) and, to the extent permitted by applicable law and for the reasons set forth in the first sentence of Section 3.8, the applicable Make-Whole Amount, if any, for the then entire outstanding principal of the Notes as of the date of such declaration or automatic acceleration.