Common use of Acceleration Event Clause in Contracts

Acceleration Event. Upon the occurrence of an Acceleration Event, the Indenture Trustee shall withdraw all amounts on deposit in the Reserve Account and shall deposit such amounts into the Collection Account for distribution in accordance with Section 6.06 hereof.

Appears in 7 contracts

Sources: Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts International, Inc.)

Acceleration Event. Upon the occurrence of an Acceleration Event, the Indenture Trustee shall withdraw all amounts on deposit in the Reserve Account and shall deposit such amounts into to the Collection Account for distribution in accordance with Section 6.06 6.6 hereof.

Appears in 1 contract

Sources: Indenture (Silverleaf Resorts Inc)