Common use of Acceleration of Payment of Notes Clause in Contracts

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Issuers shall promptly notify the holders of the Designated Senior Indebtedness of the Issuers or the Representative of such Designated Senior Indebtedness of the acceleration; provided that any failure to give such notice shall have no effect whatsoever on the provisions of this Article 10. If any Designated Senior Indebtedness of the Issuers is outstanding, the Issuers may not pay the Notes until five Business Days after the Representatives of all the issuers of such Designated Senior Indebtedness receive notice of such acceleration and, thereafter, may pay the Notes only if this Indenture otherwise permits payment at that time.

Appears in 2 contracts

Samples: Indenture (Avago Technologies Manufacturing (Singapore) Pte. Ltd.), Indenture (Avago Technologies LTD)

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Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Issuers shall promptly notify the holders of the Designated Senior Indebtedness of the Issuers or the Representative of such Designated Senior Indebtedness of the acceleration; provided that any failure to give such notice shall have no effect whatsoever on the provisions of this Article 10XII. If any Designated Senior Indebtedness of the Issuers is outstanding, the Issuers may not pay the Notes until five Business Days after the Representatives of all the issuers of such Designated Senior Indebtedness receive notice of such acceleration and, thereafter, may pay the Notes only if this Indenture otherwise permits payment at that time.

Appears in 1 contract

Samples: Indenture (Valley Telephone Co., LLC)

Acceleration of Payment of Notes. If payment of the -------------------------------- Notes is accelerated because of an Event of Default, the Issuers or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness of the Issuers (or the Representative of such Designated Senior Indebtedness holders) of the acceleration; provided that any failure to give such notice shall have no effect whatsoever on the provisions of this Article 10. If any Designated Senior Indebtedness of the Issuers an Issuer is outstanding, such acceleration will not be effective with respect to such Issuer until the Issuers time specified in Section 602, and such Issuer may not pay the Notes until five Business Days ----------- after such holders or the Representatives Representative of all the issuers of such each Designated Senior Indebtedness of such Issuer receive notice of such acceleration and, thereafter, such Issuer may pay the Notes only if this Indenture Article 14 otherwise permits payment at that ---------- time.

Appears in 1 contract

Samples: Jafra Cosmetics International Sa De Cv

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Issuers Issuer shall promptly notify the holders of the Designated Senior Indebtedness of the Issuers Issuer or the Representative of such Designated Senior Indebtedness of the acceleration; provided that any failure to give such notice shall have no effect whatsoever on the provisions of this Article 10Twelve. If any Designated Senior Indebtedness of the Issuers is outstanding, neither the Issuers Issuer nor any Guarantors may not pay the Notes until five Business Days after the Representatives of all the issuers issues of such Designated Senior Indebtedness receive notice of such acceleration and, thereafter, may pay the Notes only if this Indenture otherwise permits payment at that time.

Appears in 1 contract

Samples: Indenture (International Seaways, Inc.)

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Issuers Issuer shall promptly notify the holders of the Designated Senior Indebtedness of the Issuers Issuer or the Representative of such Designated Senior Indebtedness of the acceleration; provided that any failure to give such notice shall have no effect whatsoever on the provisions of this Article 10. If any Designated Senior Indebtedness of the Issuers Issuer is outstanding, the Issuers Issuer may not pay the Notes until five Business Days after the Representatives of all the issuers of such Designated Senior Indebtedness receive notice of such acceleration and, thereafter, may pay the Notes only if this Indenture otherwise permits payment at that time.

Appears in 1 contract

Samples: Subordinated Notes Indenture (American Tire Distributors Holdings, Inc.)

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Issuers Issuer or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness of the Issuers Issuer or the Representative of such Designated Senior Indebtedness of the acceleration; provided that any failure to give such notice shall have no effect whatsoever on the provisions of this Article 10. If any Designated Senior Indebtedness of the Issuers Issuer is outstanding, the Issuers Issuer may not pay the Notes until five Business Days after the Representatives of all the issuers of such Designated Senior Indebtedness receive notice of such acceleration and, thereafter, may pay the Notes only if this Indenture otherwise permits payment at that time.

Appears in 1 contract

Samples: Indenture (Realogy Corp)

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Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Issuers Issuer shall promptly notify the holders of the Designated Senior Indebtedness of the Issuers Issuer or the Representative of such Designated Senior Indebtedness of the acceleration; provided that any failure to give such notice shall have no effect whatsoever on the provisions of this Article 10Ten. If any Designated Senior Indebtedness of the Issuers Issuer is outstanding, the Issuers Issuer may not pay the Notes until five Business Days after the Representatives of all the issuers Issuer of such Designated Senior Indebtedness receive notice of such acceleration and, thereafter, may pay the Notes only if this Indenture otherwise permits payment at that time.

Appears in 1 contract

Samples: Interline (Interline Brands, Inc./De)

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Issuers shall promptly notify the holders of the Designated Senior Indebtedness of the Issuers or the Representative of such Designated Senior Indebtedness of the acceleration; provided that any failure to give such notice shall have no effect whatsoever on the provisions of this Article 10Ten. If any Designated Senior Indebtedness of the Issuers is outstanding, the Issuers may not pay the Notes until five Business Days after the Representatives of all the issuers Issuers of such Designated Senior Indebtedness receive notice of such acceleration and, thereafter, may pay the Notes only if this Indenture otherwise permits payment at that time.

Appears in 1 contract

Samples: Universal City Travel Partners

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Issuers or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness of the Issuers (or the Representative of such holders) of the acceleration (provided in the case of any such notice by the Trustee that the Trustee shall have received Notice of such Designated Senior Indebtedness of the acceleration; provided that any failure to give such notice shall have no effect whatsoever on the provisions of this Article 10Indebtedness). If any Designated Senior Indebtedness of the Issuers an Issuer is outstanding, such acceleration will not be effective with respect to such Issuer until the Issuers time specified in Section 602, and such Issuer may not pay the Notes until five Business Days after such holders or the Representatives Representative of all the issuers of such each Designated Senior Indebtedness of such Issuer receive notice of such acceleration and, thereafter, such Issuer may pay the Notes only if this Indenture Article 14 otherwise permits payment at that time.

Appears in 1 contract

Samples: Dirsamex Sa De Cv

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