Common use of Acceleration of Payment of Securities Clause in Contracts

Acceleration of Payment of Securities. If payment of the Securities of any series is accelerated because of an Event of Default, the Issuer or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their Representative) of the acceleration. If any Designated Senior Indebtedness is outstanding, the Issuer shall not pay the Securities until five Business Days after such holders or the Representative of the Designated Senior Indebtedness receive notice of such acceleration and, thereafter, shall pay the Securities only if this Article Four otherwise permits payment at that time.

Acceleration of Payment of Securities. If payment of the Securities of any series is accelerated because of an Event of Default, the Issuer or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their Representative) of the acceleration. If Default and if any Designated Senior Indebtedness is outstanding, the Issuer Guarantor shall not pay the Securities until five Business Days after such the holders or the Representative of the Designated Senior Indebtedness receive receives notice of such acceleration as provided in the Indenture and, thereafter, shall may pay the Securities only if this Article Four III otherwise permits payment payments at that time.

Acceleration of Payment of Securities. If payment of the Securities of any series is accelerated because of an Event of Default, the Issuer Issuers or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their Representative) of the acceleration. If any Designated Senior Indebtedness is outstanding, the Issuer shall Issuers may not pay the Securities until five Business Days after such holders or the Representative of the Designated 108 101 Senior Indebtedness receive notice of such acceleration and, thereafter, shall may pay the Securities only if this Article Four 10 otherwise permits payment at that time.

Acceleration of Payment of Securities. If payment of the Securities of any series is accelerated because of an Event of Default, the Issuer Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their RepresentativeRepresentatives) of the acceleration. If any Designated Senior Indebtedness is outstanding, the Issuer shall Company may not pay the Securities until five Business Days after such holders or the Representative Representatives of the Designated Senior Indebtedness receive notice of such acceleration and, thereafter, shall may pay the Securities only if this Article Four Twelve otherwise permits payment payments at that time.