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 Company or the Trustee shall promptly notify the holders of Designated Senior Indebtedness of the Company or the Representative of such holders of the acceleration (in the case of the Trustee, only to the extent of its actual knowledge of such holders or the Representative of such holders). Such notice is in addition to, and not in lieu of, any notice that may be required to be delivered under Section 6.02 prior to the effectiveness of any such acceleration. ARTICLE ELEVEN

Appears in 1 contract

Samples: Indenture (Wellman North America Inc)

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Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the Representative for the holders of the Designated Senior Indebtedness of the Company or the Representative of such holders of the acceleration (in the case of the Trustee, only by written notice to the extent of its actual knowledge of such holders address set forth in Section 13.02 hereof or the Representative of such holders). Such notice is at any other address specified in addition to, and not in lieu of, any notice that may be required to be delivered under Section 6.02 prior writing to the effectiveness of any such acceleration. ARTICLE ELEVENTrustee from time to time.

Appears in 1 contract

Samples: Indenture (Shared Technologies Inc)

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of Designated Senior the Bank Indebtedness of the Company or the Representative of such holders of the acceleration. Such acceleration (in the case of the Trustee, only to the extent of its actual knowledge of will not be effective until five Business Days after such holders or the Representative of such holders). Such holders receive notice is in addition toof such acceleration and, and not in lieu ofthereafter, any notice the Company may pay the Notes only if this Article 14 otherwise permits payment at that may be required to be delivered under Section 6.02 prior to the effectiveness of any such acceleration. ARTICLE ELEVENtime.

Appears in 1 contract

Samples: Refinancing Agreement (Relocation Management Systems Inc)

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of Designated Senior Indebtedness of the Company or the Representative of such holders of the acceleration (in the case of the Trustee, only to the extent of its actual knowledge of such holders or the Representative of such holders). Such notice is in addition to, and not in lieu of, any notice that may be required to be delivered under Section 6.02 prior to the effectiveness of any such acceleration. ARTICLE ELEVENELEVEN GUARANTEES 77

Appears in 1 contract

Samples: Indenture (Terex Corp)

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness of the Company or the Representative of such holders of the acceleration (in the case of the Trustee, only by written notice to the extent of its actual knowledge of such holders or the Representative of such holders). Such notice is address specified in addition to, and not in lieu of, any notice that may be required to be delivered under Section 6.02 prior writing to the effectiveness of any such acceleration. ARTICLE ELEVENTrustee from time to time.

Appears in 1 contract

Samples: Indenture (Purina Mills Inc)

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee (provided, that the Trustee shall have received written notice from the Issuer, on which notice the Trustee shall be entitled to conclusively rely) shall promptly notify the holders of the Designated Senior Indebtedness Debt of the Company Issuers (or the Representative of such holders their Representative) of the acceleration (in the case of the Trustee, only to the extent of its actual knowledge of such holders or the Representative of such holders). Such notice is in addition to, and not in lieu of, any notice that may be required to be delivered under Section 6.02 prior to the effectiveness of any such acceleration. ARTICLE ELEVEN.

Appears in 1 contract

Samples: Indenture (Graham Packaging Holdings Co)

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Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of Designated Senior Indebtedness of the Company any Issuer or the Representative of such holders of the acceleration (in the case of the Trustee, only to the extent of its actual knowledge of such holders or the Representative of such holders). Such notice is in addition to, and not in lieu of, any notice that may be required to be delivered under Section 6.02 prior to the effectiveness of any such acceleration. ARTICLE ELEVEN.

Appears in 1 contract

Samples: Supplemental Indenture (Muzak Finance Corp)

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness of the Company (or their Representatives) of the Representative acceleration. The Trustee shall give notice of such acceleration, of which it has actual knowledge, to all holders of the acceleration (in the case Designated Senior Indebtedness of the Trustee, only Company. Prior to the extent Trustee's giving such notice, the Company shall notify the Trustee of its actual knowledge of such holders or the Representative of such holders). Such notice is in addition to, name and not in lieu of, any notice that may be required to be delivered under Section 6.02 prior to the effectiveness address of any such acceleration. ARTICLE ELEVENholder of Designated Senior Indebtedness of the Company.

Appears in 1 contract

Samples: Applied Power Inc

Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of Designated Senior Indebtedness of the Company any Issuer or the Representative of such holders of the acceleration (in the case of the Trustee, only to the extent of its actual knowledge of such holders or the Representative of such holders). Such notice no- xxxx is in addition to, and not in lieu of, any notice that may be required to be delivered under Section 6.02 prior to the effectiveness of any such acceleration. ARTICLE ELEVEN.

Appears in 1 contract

Samples: Supplemental Indenture (Muzak Finance Corp)

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