Common use of Acceleration Clause in Contracts

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 24 contracts

Samples: Indenture (Highway Holdings LTD), Indenture (Celcuity Inc.), Indenture (Nephros Inc)

AutoNDA by SimpleDocs

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(46.1(6) or (57)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding may by written notice to the Company and the Trustee, may Trustee declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDEDprovided, HOWEVERhowever, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, or interest that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(46.1(6) or (57) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 18 contracts

Samples: Indenture (GTC Biotherapeutics Inc), Indenture (GTC Biotherapeutics Inc), Indenture (Axcelis Technologies Inc)

Acceleration. If an Event of Default with respect to any Securities of any Series series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (5) or (5)6) of Section 6.01 hereof) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the then outstanding Securities of the series affected by that Series default (or, in the case of an Event of Default described in clause (4) of Section 6.01, if outstanding Securities of other series are affected by that Default, then at least 25% in principal amount of the then outstanding Securities so affected) by written notice to the Company and the Trustee, may declare the principal of (or, if any of those Securities are Original Issue Discount Securities, that portion of the entire principal amount of all as may be specified in the Securities terms of that Series then outstanding plus series) and all accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the all then outstanding Securities of that Series series or of all series, as the case may rescind be, to be due and annul payable. Upon any such acceleration declaration, the amounts due and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become payable on those Securities shall be due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreepayable immediately. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified in Section 6.1(4clause (5) or (56) with respect to the Company of Section 6.01 hereof occurs, such principal, premium, if any, those amounts shall ipso facto become and interest amount with respect to all of the Securities of that Series shall be immediately due and payable immediately without any declaration declaration, notice or other act on the part of the Trustee or the any Holder. The Holders of a majority in principal amount of the then outstanding Securities of the series affected by that default or all series, as the case may be, by written notice to the Trustee may rescind an acceleration and its consequences (other than nonpayment of principal of or premium or interest on or any Additional Amounts with respect to the Securities) if the rescission would not conflict with any judgment or decree and if all existing Events of Default with respect to Securities of that Seriesseries (or of all series, as the case may be) have been cured or waived, except nonpayment of principal, premium, interest or any Additional Amounts that has become due solely because of the acceleration.

Appears in 16 contracts

Samples: Senior Indenture (Post Holdings, Inc.), Indenture (McDermott International Inc), McDermott International Inc

Acceleration. If Subject to Article XII, if an Event of Default with respect to any series of outstanding Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (iv) or (5)v) of Section 6.01 hereof) occurs and is continuing, the Trustee or the Holders of at least 51% in aggregate principal amount of the outstanding Securities of the applicable series, by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice and to the Company and the TrusteeTrustee if notice is given by such Holders, may declare that due and payable the entire unpaid principal amount of all the Securities of that Series then outstanding such series plus any unpaid premium or accrued and unpaid interest, if any, to the date of payment. Upon a declaration of acceleration, such principal, premium and accrued and unpaid interest to the date of acceleration are payment shall be due and payable. If an Event of Default specified in clause (iv) or (v) of Section 6.01 hereof occurs, all unpaid principal, premium and accrued interest on the Securities shall become and be immediately due and payablepayable without any notice, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment declaration or decree based other action on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of any outstanding series of Securities by written notice to the outstanding Securities of that Series Trustee may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, premium or interest or premium, if any, that has on the Securities which have become due solely because of the acceleration, have been cured or waived, waived and (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction. No such Such rescission shall affect or annulment will not extend to any subsequent or other Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesright.

Appears in 14 contracts

Samples: Subordinated Indenture (Universal Travel Group), Subordinated Indenture (ZST Digital Networks, Inc.), Subordinated Indenture (Winner Medical Group Inc)

Acceleration. If an Event of Default with respect to any series of outstanding Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (iv) or (5)v) of Section 6.01 hereof) occurs and is continuing, the Trustee or the Holders of at least 51% in aggregate principal amount of the outstanding Securities of the applicable series, by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice and to the Company and the TrusteeTrustee if notice is given by such Holders, may declare that due and payable the entire unpaid principal amount of all the Securities of that Series then outstanding such series plus any unpaid premium or accrued and unpaid interest, if any, to the date of payment. Upon a declaration of acceleration, such principal, premium and accrued and unpaid interest to the date of acceleration are payment shall be due and payable. If an Event of Default specified in clause (iv) or (v) of Section 6.01 hereof occurs, all unpaid principal, premium and accrued interest on the Securities shall become and be immediately due and payablepayable without any notice, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment declaration or decree based other action on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of any outstanding series of Securities by written notice to the outstanding Securities of that Series Trustee may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, premium or interest or premium, if any, that has on the Securities which have become due solely because of the acceleration, have been cured or waived, waived and (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction. No such Such rescission shall affect or annulment will not extend to any subsequent or other Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesright.

Appears in 13 contracts

Samples: Senior Indenture (Winner Medical Group Inc), Senior Indenture (Kingold Jewelry, Inc.), Senior Indenture (Orient Paper Inc.)

Acceleration. If (a) Subject to Section 6.02(b), if applicable, if an Event of Default with respect to Securities of any Series at the time outstanding (other than excluding an Event of Default arising under specified in Section 6.1(46.01(g) or (5Section 6.01(h)) occurs has occurred and is continuing, either the Trustee Trustee, by written notice to the Company, or the Holders of not less than at least twenty five percent (25% %) in aggregate principal amount of the Securities of that Series then outstanding outstanding, by written notice to the Company and the Trustee, may declare that 100% of the entire principal amount of all the Securities of that Series then outstanding plus of, and accrued and unpaid interest on, all the Securities to the date of acceleration are be immediately due and payablepayable in full. Upon such declaration, the principal of, and any accrued and unpaid interest on, all Securities shall be due and payable immediately. If an Event of Default specified in which case such amounts Section 6.01(g) or Section 6.01(h) occurs, 100% of the principal of, and accrued and unpaid interest on, all the Securities shall ipso facto become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series by written notice to the Trustee may rescind and or annul such an acceleration and its consequences if (i) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction, (ii) all existing Events of Default, other than except the nonpayment of accelerated principal, principal or interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, waived (iior are waived concurrently with such rescission or annulment) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) all amounts due to the rescission would not conflict with Trustee under Section 7.06 have been paid. Upon any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event annulment, the Events of Default specified in Section 6.1(4) or (5) with respect that were the subject of such acceleration shall cease to the Company occurs, such principal, premium, if any, exist and interest amount with respect deemed to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Serieshave been cured for every purpose.

Appears in 10 contracts

Samples: Indenture (Nu Skin Enterprises Inc), Covenants (NortonLifeLock Inc.), Investment Agreement (NortonLifeLock Inc.)

Acceleration. If an any Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuingcontinuing and is known to the Trustee, the Trustee by written notice to the CompanyIssuers, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding Notes, by written notice to the Company Issuers and the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding plus Notes to be due and payable immediately. Upon any such declaration, the Notes shall become due and payable immediately, together with all accrued and unpaid interest and premium, if any, thereon. Notwithstanding the preceding, if an Event of Default specified in Section 6.01(a)(ix) or (x) occurs with respect to the date Company, Finance Corp., any of acceleration are immediately the Company’s Restricted Subsidiaries that is a Significant Subsidiary of the Company or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary of the Company, all outstanding Notes shall become due and payablepayable immediately without further action or notice, in which case such amounts shall become immediately due together with all accrued and payable; PROVIDEDunpaid interest and premium, HOWEVERif any, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the thereon. The Holders of a majority in aggregate principal amount of the then outstanding Securities Notes by notice to the Trustee may on behalf of that Series may all of the Holders rescind and annul such an acceleration and its consequences if (i) the rescission would not conflict with any judgment or decree; (ii) all existing Events of Default, other than the Default (except with respect to nonpayment of accelerated principal, interest or premium, if any, that has have become due solely because of the acceleration, ) have been cured or waived, ; (iiiii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise other than by such declaration of acceleration, has been paid paid; and (iiiiv) the rescission would not conflict with any judgment or decreeIssuers have paid the Trustee its reasonable compensation and reimbursed the Trustee for its expenses, disbursements and advances. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 8 contracts

Samples: Supplemental Indenture (Genesis Energy Lp), Supplemental Indenture (Genesis Energy Lp), Supplemental Indenture (Genesis Energy Lp)

Acceleration. If an Event of Default (other than an Event of Default with respect to Securities of any Series at the time outstanding Company resulting from sub-clauses (other than an Event of Default arising under Section 6.1(47) or (58) above)) occurs , shall have occurred and is continuingbe continuing under the Indenture, the Trustee by written notice to the Company, or the Holders of not less than 25% at least 25 percent in aggregate principal amount of the Securities of that the applicable Series then outstanding by written notice to the Company and the Trustee, may declare that all Securities of such Series to be due and payable immediately. Upon such declaration of acceleration, the entire principal amount of all amounts due and payable on the Securities of that such Series then outstanding plus accrued will be due and unpaid interest payable immediately. If an Event of Default with respect to the date Company specified in sub-clauses (7) or (8) above occurs, all amounts due and payable on the Securities of acceleration are such Series will ipso facto become and be immediately due and payablepayable without any declaration, in which case such amounts shall become immediately due notice or other act on the part of the Trustee and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment the Company or decree based on such acceleration is obtained by the Trustee, the any Holder. The Holders of a majority in aggregate principal amount of the Securities of such Series then outstanding by written notice to the Trustee and the Company may waive any Default or Event of Default (other than any Default or Event of Default in payment of principal or interest) with respect to such Series of Securities under the Indenture. Holders of a majority in principal amount of the then outstanding Securities of that such Series may rescind and annul an acceleration with respect to such acceleration Series and its consequences if consequence (i) all existing Events of Default, other than the except an acceleration due to nonpayment of accelerated principal, principal or interest or premium, if any, that has become due solely because of on the acceleration, have been cured or waived, (ii) to the extent the payment Securities of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iiiSeries) if the rescission would not conflict with any judgment or decreedecree and if all existing Events of Default have been cured or waived. No such rescission shall extend to or shall affect any subsequent Default Event of Default, or shall impair any right or power consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesthereon.

Appears in 8 contracts

Samples: Indenture (MDC Holdings Inc), Indenture (Horton D R Inc /De/), Indenture (Richmond American Homes of Northern California Inc)

Acceleration. If an Event of Default with respect as to the Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) a series occurs and is continuing, unless the principal of all of the Securities of the series has already become due and payable, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series the series then outstanding by written notice to the Company and the Trustee, may declare the principal of and accrued interest, if any, on all the Securities of the series to be due and payable. Upon such a declaration, that principal and interest will be due and payable immediately. If an Event of Default specified in Section 6.01(4) or (5) occurs, the entire principal of, premium, if any, and accrued interest, if any, on all the Securities will automatically become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Securityholders. The Holders of a majority in principal amount of the Securities of a series then outstanding, on behalf of the Holders of all the Securities of that Series then outstanding plus accrued and unpaid interest the series, by notice to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series Trustee may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the Default have been cured or waived except nonpayment of accelerated principal, interest premium, if any, or premiuminterest, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall will affect any subsequent Default default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesright.

Appears in 8 contracts

Samples: Indenture (Ryerson Holding Corp), Indenture (Exela Technologies, Inc.), Indenture (Exela Technologies, Inc.)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25[ ]% in aggregate principal amount of the Securities of that Series then outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 8 contracts

Samples: MingZhu Logistics Holdings LTD, Cellular Biomedicine Group, Inc., AnPac Bio-Medical Science Co., Ltd.

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.01(4) or (5)) occurs and is continuingcontinuing with respect to Securities of any series at the time outstanding, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the outstanding Securities of that Series then outstanding series by written notice to the Company and the Trustee, may declare that to be due and payable immediately (1) the entire principal amount of all (or, if the Securities of that Series series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of the Securities of that series) of all of the Securities of that series then outstanding plus and (2) interest, if any, accrued and unpaid interest to the date of acceleration. Upon such declaration, such principal amount (or specified amount) and interest, if any, shall be due and payable immediately. If an Event of Default specified in Section 6.01 (4) or (5) occurs and is continuing, (1) the principal amount (or, if the Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of the Securities of that series) of all of the Securities of that series then outstanding and (2) interest, if any, accrued to the date of such acceleration are shall become and be immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or Securityholders. The Holders of a majority in aggregate principal amount of the outstanding Securities of that Series the series with respect to which an acceleration applies by notice to the Trustee may rescind and annul such an acceleration and its consequences with respect to such series if (i) all existing Events of Default, Default (other than the nonpayment non-payment of accelerated principal, interest or premiumthe principal of and accrued interest, if any, on Securities that has have become due solely because by such acceleration) with respect to Securities of the acceleration, that series have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest waived and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesconsequence thereon.

Appears in 7 contracts

Samples: Circus Finance Ii, Xl Capital LTD, Tci Communications Financing Iv

Acceleration. If an any Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (6) or (5)7) of Section 6.01 hereof with respect to the Issuer) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than 25at least 30.0% in aggregate principal amount of the Securities of that Series then total outstanding Notes by written notice to the Company and the Trustee, Issuer may declare that the entire principal amount of principal, premium, if any, interest and any other monetary obligations on all the Securities of that Series then outstanding plus accrued Notes to be due and unpaid payable immediately. Upon the effectiveness of such declaration, the principal of, premium, if any, and interest on the Notes shall be due and payable immediately. The Trustee may withhold from the Holders notice of any continuing Default, except a Default relating to the date payment of principal, premium, if any, or interest, if it determines that withholding notice is in the Holders’ interest. The Trustee shall have no obligation to accelerate the Notes if the Trustee in its best judgment determines that acceleration are immediately is not in the best interests of the Holders. Notwithstanding the foregoing, in the case of an Event of Default arising under clause (6) or (7) of Section 6.01 hereof with respect to the Issuer, all outstanding Notes shall become due and payable, in which case such amounts shall become payable immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment without further action or decree based on such acceleration is obtained by the Trustee, the notice. The Holders of a majority in aggregate principal amount of the then outstanding Securities Notes by written notice to the Trustee may on behalf of that Series may rescind and annul such acceleration the Holders of all of the Notes waive any existing Default and its consequences if under this Indenture (i) all existing Events except a continuing Default in the payment of Defaultinterest on, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because or the principal of the acceleration, have been cured or waived, (iiany Note held by a non-consenting Holder) and rescind any acceleration with respect to the extent the payment of Notes and its consequences (except if such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent theretoof a court of competent jurisdiction). In case an the event of any Event of Default specified in Section 6.1(46.01(4) or (5) with respect to the Company occurshereof, such principalEvent of Default and all consequences thereof (excluding any resulting payment default, premium, if any, and interest amount with respect to all other than as a result of acceleration of the Securities of that Series Notes) shall be due annulled, waived and payable immediately rescinded, automatically and without any declaration or other act on the part of action by the Trustee or the Holders of the Securities of that Series.Holders, if:

Appears in 6 contracts

Samples: Indenture (Quintiles IMS Holdings, Inc.), Indenture (Iqvia Holdings Inc.), Indenture (Iqvia Holdings Inc.)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(46.01(6) or (57)) occurs shall have occurred and is be continuing, then the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series Notes (including Additional Notes, if any) then outstanding may by written notice to the Company and the Trustee, may Trustee declare that to be immediately due and payable the entire principal amount of all the Securities of that Series Notes then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payableacceleration, in which case such amounts shall become immediately due and payable; PROVIDEDprovided, HOWEVERhowever, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series Notes may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, or interest that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(46.01(6) or (57) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series Notes shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that SeriesNotes.

Appears in 6 contracts

Samples: Lamar Media Corp/De, Lamar Advertising Co/New, Lamar Media Corp/De

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event of Default arising under referred to in Section 6.1(46.01(5) or (5Section 6.01(6)) occurs and is continuing), then in every such case the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities outstanding Notes may declare the principal amount of that Series then and accrued and unpaid interest, if any, on all of the Notes to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of Default specified in Section 6.01(5) or 6.01(6) shall occur, the principal amount of and accrued and unpaid interest, if any, on all outstanding Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. At any time after such a declaration of acceleration with respect to any Notes has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter provided in this Article 6, the Holders of a majority in principal amount of the outstanding Notes, by written notice to the Company and the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such declaration of acceleration and its consequences if (i) the recession would not conflict with any judgment or decree and if all existing Events of DefaultDefault with respect to Notes, other than the nonpayment non-payment of accelerated principal, interest or premiumthe principal and interest, if any, that has of Notes which have become due solely because by such declaration of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesthereon.

Appears in 6 contracts

Samples: Indenture (American Airlines, Inc.), Indenture (American Airlines Inc), Indenture (American Airlines Inc)

Acceleration. If an Event of Default (other than an Event of Default with respect to Securities of any Series at the time outstanding Company resulting from sub-clauses (other than an Event of Default arising under Section 6.1(44) or (5) above)) occurs , shall have occurred and is continuingbe continuing under the Indenture, the Trustee by written notice to the Company, or the Holders of not less than 25% at least 25 percent in aggregate principal amount of the Securities of that the applicable Series then outstanding by written notice to the Company and the Trustee, may declare that all Securities of such Series to be due and payable immediately. Upon such declaration of acceleration, the entire principal amount of all amounts due and payable on the Securities of that such Series then outstanding plus accrued will be due and unpaid interest payable immediately. If an Event of Default with respect to the date Company specified in sub-clauses (4) or (5) above occurs, all amounts due and payable on the Securities of acceleration are such Series will ipso facto become and be immediately due and payablepayable without any declaration, in which case such amounts shall become immediately due notice or other act on the part of the Trustee and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment the Company or decree based on such acceleration is obtained by the Trustee, the any Holder. The Holders of a majority in aggregate principal amount of the Securities of such Series then outstanding by written notice to the Trustee and the Company may waive any Default or Event of Default (other than any Default or Event of Default in payment of principal or interest) with respect to such Series of Securities under the Indenture. Holders of a majority in principal amount of the then outstanding Securities of that such Series may rescind and annul an acceleration with respect to such acceleration Series and its consequences if consequence (i) all existing Events of Default, other than the except an acceleration due to nonpayment of accelerated principal, principal or interest or premium, if any, that has become due solely because of on the acceleration, have been cured or waived, (ii) to the extent the payment Securities of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iiiSeries) if the rescission would not conflict with any judgment or decreedecree and if all existing Events of Default have been cured or waived. No such rescission shall extend to or shall affect any subsequent Default Event of Default, or shall impair any right or power consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesthereon.

Appears in 6 contracts

Samples: Collins & Aikman Products Co, Collins & Aikman Products Co, MDC Holdings Inc

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(46.01(6) or (57)) occurs shall have occurred and is be continuing, then the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series Notes (including Additional Notes, if any) then outstanding may by written notice to the Company and the Trustee, may Trustee declare that to be immediately due and payable the entire principal amount of all the Securities of that Series Notes then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payableacceleration, in which case either (i) such amounts shall become immediately due and payable; PROVIDEDor (ii) if there are any amounts outstanding under or in respect of the Senior Credit Facility, HOWEVERsuch amounts shall become due and payable upon the first to occur of an acceleration under or in respect of the Senior Credit Facility or five Business Days after receipt by the Company and the agent for the lenders under the Senior Credit Facility of notice of the acceleration of the Notes; provided, however, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series Notes may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, or interest that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(46.01(6) or (57) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series Notes shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that SeriesNotes.

Appears in 5 contracts

Samples: Indenture (Lamar Advertising Co/New), Lamar Advertising Co/New, Lamar Advertising Co/New

Acceleration. If an Event of Default with respect to Securities Notes of any Series at the time outstanding occurs and is continuing (other than an Event of Default arising under Section 6.1(4referred to in Sections 6.01(7) or (5)8) hereof) occurs and is continuing, then in every such case the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities outstanding Notes of that Series then may declare the principal amount (or, if any Notes of that Series are Discount Notes, such portion of the principal amount as may be specified in the terms of such Notes) of and accrued and unpaid interest, if any, on all of the Notes of that Series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of Default specified in Sections 6.01(7) or (8) hereof shall occur, the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all outstanding Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. At any time after such a declaration of acceleration with respect to any Series has been made, the Holders of a majority in principal amount of the outstanding Notes of that Series, by written notice to the Company and the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration declaration and its consequences if (i) the rescission would not conflict with any judgment or decree and if all existing Events of Default, other than the Default (except nonpayment of accelerated principal, interest or premium, if any, premium that has become due solely because of the acceleration, ) have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesthereon.

Appears in 5 contracts

Samples: Indenture (Genco Shipping & Trading LTD), Indenture (Genco Shipping & Trading LTD), Indenture (Genco Shipping & Trading LTD)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under described in clause (7) of Section 6.1(4) or (5)6.1) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the outstanding Securities of that Series then outstanding by written notice to the Company and the Trustee, may may, and the Trustee at the request of such Holders shall, declare that the entire principal amount of of, premium, if any, and accrued and unpaid interest, if any, on all the Securities of that Series then outstanding plus to be due and payable. Upon such a declaration, such principal, premium and accrued and unpaid interest to shall be due and payable immediately. In the date event of a declaration of acceleration are immediately due of the Securities because an Event of Default described in clause (6) of Section 6.1 has occurred and payableis continuing, in which case the declaration of acceleration of the Securities shall be automatically annulled if the event of default or payment default triggering such amounts Event of Default pursuant to clause (6) of Section 6.1 shall become immediately due be remedied or cured by the Company or a Restricted Subsidiary or waived by the holders of the relevant Indebtedness within 20 days after the declaration of acceleration with respect thereto and payable; PROVIDED, HOWEVER, that after such if (1) the annulment of the acceleration but before a of the Securities would not conflict with any judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount court of the outstanding Securities of that Series may rescind competent jurisdiction and annul such acceleration and its consequences if (i2) all existing Events of Default, other than the except nonpayment of accelerated principal, premium or interest or premium, if any, on the Securities that has become became due solely because of the accelerationacceleration of the Securities, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified described in clause (7) of Section 6.1(4) or (5) with respect to 6.1 occurs and is continuing, the Company occurs, such principalprincipal of, premium, if any, and accrued and unpaid interest amount with respect to on all of the Securities of that Series shall become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesany Holders.

Appears in 4 contracts

Samples: Credit Agreement (Cornell Companies Inc), Indenture (J.M. Tull Metals Company, Inc.), Indenture (Ryerson Tull Inc /De/)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.01(4) or (5)) occurs and is continuingcontinuing with respect to Securities of any series at the time outstanding, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the outstanding Securities of that Series then outstanding series by written notice to the Company and the Trustee, may declare that to be due and payable immediately (1) the entire principal amount of all (or, if the Securities of that Series series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of the Securities of that series) of all of the Securities of that series then outstanding plus and (2) interest, if any, accrued and unpaid interest to the date of acceleration. Upon such declaration, such principal amount (or specified amount) and interest, if any, shall be due and payable immediately. If an Event of Default specified in Section 6.01(4) or (5) occurs and is continuing, (1) the principal amount (or, if the Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of the Securities of that series) of all of the Securities of that series then outstanding and (2) interest, if any, accrued to the date of such acceleration are shall become and be immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or Securityholders. The Holders of a majority in aggregate principal amount of the outstanding Securities of that Series the series with respect to which an acceleration applies by notice to the Trustee may rescind and annul such an acceleration and its consequences with respect to such series if (i) all existing Events of Default, Default (other than the nonpayment non-payment of accelerated principal, interest or premiumthe principal of and accrued interest, if any, on Securities that has have become due solely because by such acceleration) with respect to Securities of the acceleration, that series have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest waived and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default default or impair any right consequent theretothereon. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series6.03.

Appears in 4 contracts

Samples: Indenture (Tele Communications Inc /Co/), Indenture (Tele Communications Inc /Co/), Indenture (Tele Communications Inc /Co/)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.01(4) or (5)) occurs and is continuingcontinuing with respect to Securities of any series at the time outstanding, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the outstanding Securities of that Series then outstanding series by written notice to the Company and the Trustee, may declare that to be due and payable immediately (1) the entire principal amount of all (or, if the Securities of that Series series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of the Securities of that series) of all of the Securities of that series then outstanding plus and (2) interest, if any, accrued and unpaid interest to the date of acceleration. Upon such declaration, such principal amount (or specified amount) and interest, if any, shall be due and payable immediately. If an Event of Default specified in Section 6.01(4) or (5) occurs and is continuing, (1) the principal amount (or, if the Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of the Securities of that series) of all of the Securities of that series then outstanding and (2) interest, if any, accrued to the date of such acceleration are shall become and be immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or Securityholders. The Holders of a majority in aggregate principal amount of the outstanding Securities of that Series the series with respect to which an acceleration applies by notice to the Trustee may rescind and annul such an acceleration and its consequences with respect to such series if (i) all existing Events of Default, Default (other than the nonpayment non-payment of accelerated principal, the principal of and accrued interest or premium, if any, on Securities that has have become due solely because by such acceleration) with respect to Securities of the acceleration, that series have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest waived and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default default or impair any right consequent theretothereon. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series6.03.

Appears in 4 contracts

Samples: Tele Communications Inc /Co/, Tele Communications Inc /Co/, Tele Communications Inc /Co/

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) with respect to the Company) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount (and premium, if any, on) of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 4 contracts

Samples: Indenture (Novavax Inc), Indenture (Verastem, Inc.), Paratek Pharmaceuticals, Inc.

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clauses (e) or (5)f) of Section 6.1) occurs and is continuing, the Trustee by written notice to the Company, Company or the Holders of not less than 25% at least a majority in aggregate principal amount of the Securities of that Series then outstanding Securities by written notice to the Company and the Trustee, Trustee may declare that the entire unpaid principal amount of and any accrued interest on all the Securities to be due and payable. Upon such declaration, all unpaid principal of and accrued interest on all Securities shall be due and payable immediately; provided, however, that Series then if any Indebtedness or Obligation is outstanding plus accrued pursuant to, or with respect to, the Senior Debt, such a declaration of acceleration by the Holders shall not become effective until the earlier of (i) the day which is five Business Days after the receipt by each of the Company and unpaid interest to the holders of Senior Debt of such written notice of acceleration or (ii) the date of acceleration are immediately due of any Indebtedness under any Senior Debt; and payableprovided, in which case further, that, so long as any Senior Debt is outstanding, any such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained declaration by the Trustee, Trustee or the Holders of a majority in aggregate principal amount shall not become effective if any period during which the Company is not permitted to make payment on account of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) pursuant to the extent the payment of such interest Section 10.3 is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreethen in effect. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified in Section 6.1(4clause (e) or (5f) with respect to the Company of Section 6.1 occurs, such principal, premium, if any, all unpaid principal of and accrued interest amount with respect to on all of the Securities of that Series shall ipso facto become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesany Holder.

Appears in 4 contracts

Samples: Indenture (Sten Corp), Indenture (Twin Cities Power Holdings, LLC), Indenture (Advanced Environmental Recycling Technologies Inc)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.01(3) or (54)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount Principal Amount of the Securities of that Series then at the time outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding plus Issue Price and accrued and unpaid interest Original Issue Discount to the date of acceleration are declaration (and Liquidated Damages, if any) on all the Securities to be immediately due and payable. Upon such a declaration, in which case such amounts Issue Price and accrued Original Issue Discount shall become immediately and be due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreepayable immediately. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified in Section 6.1(46.01(3) or (54) with respect to occurs and is continuing, the Company occurs, such principal, premiumIssue Price and accrued Original Issue Discount (and Liquidated Damages, if any, and interest amount with respect to ) on all of the Securities of that Series shall become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or the any Holders. The Holders of a majority in aggregate Principal Amount of the Securities at the time outstanding, by notice to the Company and the Trustee (and without notice to any other Holder), may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of the Issue Price and accrued Original Issue Discount (and Liquidated Damages, if any) that Serieshave become due solely as a result of acceleration and if all amounts due to the Trustee under Section 7.07 have been paid. No such rescission shall affect any subsequent or other Default or Event of Default or impair any consequent right.

Appears in 4 contracts

Samples: Indenture (Ingram Micro Inc), Aspect Telecommunications Corp, Aspect Telecommunications Corp

Acceleration. If Subject to the terms of the Subordination Agreement (Senior) and the Subordination Agreement (Junior) if an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(4) or (55.1(f)) occurs and is continuing, the Trustee may, by written notice to the Company, Issuer or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding may, by written notice to the Company Issuer and the Trustee, may and Trustee shall, upon the request of such Holders, declare that the entire aggregate principal amount of all the Securities of that Series then outstanding plus outstanding, together with accrued and but unpaid interest thereon to the date of acceleration are payment, to be due and payable and, upon any such declaration, the same shall become and be due and payable. If an Event of Default specified in Section 5.1(f) occurs, all unpaid principal and accrued interest on the Securities then outstanding shall INDENTURE (16% Junior Subordinated) ipso facto become and be immediately due and payablepayable without any declaration or other act on the part of Trustee or any Holder. Upon payment of such principal amount, in which case such amounts interest, and premium, if any, all of Issuer's obligations under the Securities and this Indenture, other than obligations under Section 6.7, shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the terminate. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series by notice to Trustee may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment non-payment of accelerated principal, the principal and interest or premium, if any, that has on the Securities which have become due solely because by such declaration of the acceleration, have been cured or waivedwaived as provided in Section 5.4, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid paid, and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event decree of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all a court of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriescompetent jurisdiction.

Appears in 4 contracts

Samples: Scott Cable Communications Inc, Scott Cable Communications Inc, Scott Cable Communications Inc

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (h), (i) or (5)j)(B)(x) above that occurs with respect to the Company) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than 25at least 25.0% in aggregate principal amount of the Securities Notes then outstanding, by written notice to the Company (and to the Trustee if such notice is given by the Holders), may, and the Trustee at the request of that Series such Holders shall, declare the principal of, premium, if any, and accrued interest on the Notes to be immediately due and payable. Upon a declaration of acceleration, such principal of, premium, if any, and accrued interest shall be immediately due and payable. In the event of a declaration of acceleration because an Event of Default set forth in clause (e) above has occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (e) shall be remedied or cured by the Company or its Significant Subsidiary or waived by the holders of the Indebtedness within 60 days after the declaration of acceleration with respect thereto. If an Event of Default specified in clause (h), (i) or (j)(B)(x) above occurs with respect to the Company and is continuing, the principal of, premium, if any, and accrued interest on the Notes then outstanding shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. The Holders of at least a majority in principal amount of the outstanding Notes, by written notice to the Company and to the Trustee, may declare that the entire principal amount of waive all the Securities of that Series then outstanding plus accrued past defaults and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such a declaration of acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principalthe principal of, interest or premium, if any, and interest on the Notes that has have become due solely because by such declaration of the acceleration, have been cured or waived, waived and (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event decree of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all a court of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriescompetent jurisdiction.

Appears in 4 contracts

Samples: Kansas City Southern, Kansas City Southern De Mexico, S.A. De C.V., Kansas City Southern De Mexico, S.A. De C.V.

Acceleration. If an any Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (f) or (5)g) occurs of Section 6.1 hereof with respect to the Company) shall occur and is be continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding Notes by written notice to the Company (and the Trustee, if such notice is given by such Holders) may declare the principal of and accrued and unpaid interest on all Notes to be due and payable immediately, which notice shall specify the respective Events of Default and that it is a "notice of acceleration" (the "Acceleration Notice"), and upon proper delivery of the Acceleration Notice, the entire principal amount of all the Securities of that Series then outstanding plus and accrued and unpaid interest to and Additional Interest, if any, on the date of acceleration are immediately due and payable, in which case such amounts Notes (1) shall become immediately due and payable; PROVIDED, HOWEVERor (2) if there are any amounts outstanding under the Credit Agreement, that shall become immediately due and payable upon the first to occur of an acceleration under the Credit Agreement or 5 Business Days after such acceleration but before a judgment or decree based on such acceleration is obtained receipt by the Trustee, Company and the Holders Representative under the Credit Agreement of a majority in aggregate principal amount such Acceleration Notice but only if such Event of Default is then continuing. Notwithstanding the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premiumforegoing, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4clause (f) or (5g) of Section 6.1 hereof with respect to the Company occursoccurs and is continuing, such principal, then all unpaid principal of and premium, if any, and accrued and unpaid interest amount with respect to on all of the Securities of that Series outstanding Notes shall ipso facto become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or any Holder. At any time after a declaration of acceleration with respect to the Notes as described in the preceding paragraph, the Holders of not less than a majority in aggregate principal amount of the Securities then outstanding Notes by written notice to the Company and the Trustee may, on behalf of that Series.the Holders of all of the Notes, rescind and cancel an acceleration and its consequences:

Appears in 4 contracts

Samples: Dole Food Co Inc, Dole Food Company Inc, Dole Food Co Inc

Acceleration. If an Event of Default (other than an Event of Default with respect to Securities of any Series at the time outstanding Company resulting from sub-clauses (other than an Event of Default arising under Section 6.1(47) or (5)8) above) occurs shall have occurred and is continuingbe continuing under the Indenture, the Trustee by written notice to the Company, or the Holders of not less than 25% at least 25 percent in aggregate principal amount of the Securities of that the applicable Series then outstanding by written notice to the Company and the Trustee, may declare that all Securities of such Series to be due and payable immediately. Upon such declaration of acceleration, the entire principal amount of all amounts due and payable on the Securities of that such Series then outstanding plus accrued will be due and unpaid interest payable immediately. If an Event of Default with respect to the date Company specified in sub-clauses (7) or (8) above occurs, all amounts due and payable on the Securities of acceleration are such Series will ipso facto become and be immediately due and payablepayable without any declaration, in which case such amounts shall become immediately due notice or other act on the part of the Trustee and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment the Company or decree based on such acceleration is obtained by the Trustee, the any Holder. The Holders of a majority in aggregate principal amount of the Securities of such Series then outstanding by written notice to the Trustee and the Company may waive any Default or Event of Default (other than any continuing Default or Event of Default in payment of principal or interest) with respect to such Series of Securities under the Indenture. Holders of a majority in principal amount of the then outstanding Securities of that such Series may rescind and annul an acceleration with respect to such acceleration Series and its consequences if consequence (i) all existing Events of Default, other than the except an acceleration due to nonpayment of accelerated principal, principal or interest or premium, if any, that has become due solely because of on the acceleration, have been cured or waived, (ii) to the extent the payment Securities of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iiiSeries) if the rescission would not conflict with any judgment or decreedecree and if all existing Events of Default have been cured or waived. No such rescission shall extend to or shall affect any subsequent Default Event of Default, or shall impair any right or power consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesthereon.

Appears in 4 contracts

Samples: Indenture (Standard Pacific Corp /De/), Indenture (Standard Pacific Corp /De/), Standard Pacific Corp /De/

Acceleration. If an Event of Default with respect to any series of outstanding Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (iv) or (5)v) of Section 6.1 hereof) occurs and is continuing, the Trustee or the Holders of at least 51% in aggregate principal amount of the outstanding Securities of the applicable series, by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice and to the Company and the TrusteeTrustee if notice is given by such Holders, may declare that due and payable the entire unpaid principal amount of all the Securities of that Series then outstanding such series plus any unpaid premium or accrued and unpaid interest, if any, to the date of payment. Upon a declaration of acceleration, such principal, premium and accrued and unpaid interest to the date of acceleration are payment shall be due and payable. If an Event of Default specified in clause (iv) or (v) of Section 6.1 hereof occurs, all unpaid principal, premium and accrued interest on the Securities shall become and be immediately due and payablepayable without any notice, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment declaration or decree based other action on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of any outstanding series of Securities by written notice to the outstanding Securities of that Series Trustee may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, premium or interest or premium, if any, that has on the Securities which have become due solely because of the acceleration, have been cured or waived, waived and (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction. No such Such rescission shall affect or annulment will not extend to any subsequent or other Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesright.

Appears in 4 contracts

Samples: Senior Indenture (Fuelcell Energy Inc), Senior Indenture (Fuelcell Energy Inc), Senior Indenture (Fuelcell Energy Inc)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% a majority in aggregate principal amount of the Securities of that Series then outstanding may by written notice to the Company and the Trustee, may Trustee declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDEDprovided, HOWEVERhowever, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, or interest that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 3 contracts

Samples: Indenture (Cytomedix Inc), Indenture (Us Dataworks Inc), Indenture (Cytomedix Inc)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) specified in clause (8) or (5)9) of Section 7.01 that occurs with respect to an Issuer) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series Notes then outstanding outstanding, by written notice to the Company Issuers and Paying Agent (and to the Trustee and Paying Agent if such notice is given by the Holders), may, and the Trustee, may declare that Trustee at the entire principal amount request of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority at least 25% in aggregate principal amount of the Notes then outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Defaultshall, other than declare the nonpayment of accelerated principalprincipal of, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of accrued interest and overdue principalAdditional Amounts, which has become if any, on the Notes to be immediately due otherwise than by such and payable. Upon a declaration of acceleration, such principal of, premium, if any, accrued interest and Additional Amounts, if any, shall be immediately due and payable. In the event of a declaration of acceleration because an Event of Default set forth in clause (6) of Section 7.01 has been paid occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (iii6) of Section 7.01 shall be remedied or cured by the rescission would not conflict relevant Issuer or Significant Subsidiary or waived by the Holders of the relevant Indebtedness within 60 days after the declaration of acceleration with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent respect thereto. In case If an Event of Default specified in Section 6.1(4) clause (8) or (59) of Section 7.01 occurs with respect to an Issuer, the Company occurs, such principalprincipal of, premium, if any, accrued interest and interest amount with respect to all of Additional Amounts, if any, on the Securities of that Series Notes then outstanding shall automatically become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or the any Holder. The Holders of at least a majority in principal amount of the Securities outstanding Notes by written notice to the Issuers and to the Trustee may waive all past Defaults and rescind and annul a declaration of that Series.acceleration and its consequences if:

Appears in 3 contracts

Samples: Eleventh Supplemental Indenture (MPT Operating Partnership, L.P.), Eighth Supplemental Indenture (MPT Operating Partnership, L.P.), First Supplemental Indenture (MPT Operating Partnership, L.P.)

Acceleration. If an Event of Default (other than an Event of Default with respect to Securities of any Series at the time outstanding Company specified in clause (other than an Event of Default arising under Section 6.1(47) or (5)8) of Section 11.1) occurs and is continuing, the Trustee may, by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding may, by written notice to the Company and the Trustee, may declare that all unpaid principal of plus interest (including Additional Interest, if any) accrued and unpaid through the entire principal amount date of such declaration on all the Securities of that Series then outstanding to be due and payable upon any such declaration, and the same shall thereupon become and be immediately due and payable. If an Event of Default with respect to the Company specified in clause (7) or (8) of Section 11.1 occurs, all unpaid principal of plus accrued and unpaid interest to (including Additional Interest, if any) on all the date of acceleration are Securities then outstanding shall ipso facto become and be immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series or the Holders originally causing the acceleration by notice to the Trustee may rescind and annul such an acceleration of Securities and its consequences before a judgment or decree for the payment of money has been obtained by the Trustee if (ia) the rescission would not conflict with any existing order or decree, (b) all existing Events of Default, other than the nonpayment of accelerated principal, the principal of plus accrued and unpaid interest or premium, if any, on the Securities that has become due solely because by such declaration of the acceleration, have been cured or waived, waived and (iic) all payments due to the extent the payment of such interest is lawful, interest on overdue installments of interest Trustee and overdue principal, which has become due otherwise than by such declaration of acceleration, has any predecessor Trustee under Section 12.6 have been paid and (iii) the rescission would not conflict with any judgment or decreemade. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 3 contracts

Samples: Purchase Agreement (C&d Technologies Inc), Indenture (C&d Technologies Inc), C&d Technologies Inc

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (f) or (5)g) of Section 6.01 that occurs with respect to the Company) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series Notes then outstanding outstanding, by written notice to the Company (and to the Trustee if such notice is given by the Holders), may, and the Trustee, may declare that Trustee at the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment request of such interest is lawfulHolders shall, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) declare the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principalprincipal of, premium, if any, and accrued interest amount on the Notes to be immediately due and payable. Upon a declaration of acceleration, such principal of, premium, if any, and accrued interest shall be immediately due and payable. In the event of a declaration of acceleration because an Event of Default set forth in clause (d) of Section 6.01 has occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (d) of Section 6.01 shall be remedied or cured by the Company, the relevant Subsidiary Guarantor or the relevant Significant Subsidiary or waived by the holders of the relevant Indebtedness within 60 days after the declaration of acceleration with respect thereto. If an Event of Default specified in clause (f) or (g) of Section 6.01 occurs with respect to all of the Securities of that Series Company, the principal of, premium, if any, and accrued interest on the Notes then outstanding shall automatically become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or any Holder. Any time after such declaration of acceleration, but before a judgment or decree for the payment of money due has been obtained by the Trustee, the Holders of at least a majority in principal amount of the Securities outstanding Notes by written notice to the Company and to the Trustee may waive all past defaults and rescind and annul a declaration of acceleration and its consequences if (a) all existing Events of Default, other than the nonpayment of the principal of, premium, if any, and interest on the Notes that Serieshave become due solely by such declaration of acceleration, have been cured or waived and (b) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction.

Appears in 3 contracts

Samples: Indenture (SPX FLOW, Inc.), Indenture (SPX FLOW, Inc.), SPX Corp

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding may by written notice to the Company and the Trustee, may Trustee declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, or interest that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 3 contracts

Samples: Stemcells Inc, Lumera Corp, Antigenics Inc /De/

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4described in clause (7) or (5)above) occurs and is continuing, the Trustee by written notice to the Company, or the Holders holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding Notes by written notice to the Company and the Trustee, may may, and the Trustee at the request of such holders shall, declare that the entire principal amount of of, premium, if any, and accrued and unpaid interest, if any, on all the Securities of that Series then outstanding plus Notes to be due and payable. Upon such a declaration, such principal, premium and accrued and unpaid interest to will be due and payable immediately. In the date event of a declaration of acceleration are immediately due of the Notes because an Event of Default described in clause (6) under “Events of Default” has occurred and payableis continuing, in which case the declaration of acceleration of the Notes shall be automatically annulled if the event of default or payment default triggering such amounts Event of Default pursuant to clause (6) shall become immediately due be remedied or cured by the Company or a Restricted Subsidiary of the Company or waived by the holders of the relevant Indebtedness within 20 days after the declaration of acceleration with respect thereto and payable; PROVIDED, HOWEVER, that after such if (1) the annulment of the acceleration but before a of the Notes would not conflict with any judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount court of the outstanding Securities of that Series may rescind competent jurisdiction and annul such acceleration and its consequences if (i2) all existing Events of Default, other than the except nonpayment of accelerated principal, premium or interest or premium, if any, on the Notes that has become became due solely because of the accelerationacceleration of the Notes, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified described in Section 6.1(4clause (7) or (5) with respect to above occurs and is continuing, the Company occurs, such principalprincipal of, premium, if any, and accrued and unpaid interest amount with respect to on all of the Securities of that Series shall Notes will become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or the Holders any holders. The holders of a majority in principal amount of the Securities outstanding Notes may waive all past defaults (except with respect to nonpayment of principal, premium or interest) and rescind any such acceleration with respect to the Notes and its consequences if (1) rescission would not conflict with any judgment or decree of a court of competent jurisdiction and (2) all existing Events of Default, other than the nonpayment of the principal of, premium, if any, and interest on the Notes that Serieshave become due solely by such declaration of acceleration, have been cured or waived.

Appears in 3 contracts

Samples: Indenture (Star Gas Finance Co), Indenture (Star Gas Partners Lp), Star Gas Partners Lp

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.1(7) or (5)8)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the outstanding Securities of that Series then outstanding by written notice to the Company and the Trustee, may may, and the Trustee at the request of such Holders shall, declare that the entire principal amount of of, premium, if any, and accrued and unpaid interest, if any, on all the Securities of that Series then outstanding plus to be due and payable. Upon such a declaration, such principal, premium and accrued and unpaid interest shall, subject to the date Section 10.4 of acceleration are this Indenture, be immediately due and payable. In the event of a declaration of acceleration of the Securities because an Event of Default set forth in Section 6.1(6) above has occurred and is continuing, in which case such amounts declaration of acceleration shall become immediately due be automatically rescinded and payable; PROVIDED, HOWEVER, that annulled if the event of default or payment default triggering such Event of Default pursuant to Section 6.1(6) shall be remedied or cured by the Company or a Restricted Subsidiary or waived by the Holders of the relevant Indebtedness within 20 days after such the declaration of acceleration but before a with respect thereto and if (1) the annulment of the acceleration of the Securities would not conflict with any judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount court of the outstanding Securities of that Series may rescind competent jurisdiction and annul such acceleration and its consequences if (i2) all existing Events of Default, other than the nonpayment of accelerated principal, premium or interest or premium, if any, on the Securities that has become due solely because of the such acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified in Section 6.1(46.1(7) or (5) 8) with respect to the Company occursoccurs and is continuing, such principalthe principal of, premium, if any, and accrued and unpaid interest amount with respect to on all of the Securities of that Series shall will become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or the Holders any Holders. No such rescission shall affect any subsequent Default or Event of the Securities of that SeriesDefault or impair any right consequent thereto.

Appears in 3 contracts

Samples: Indenture (Nebraska Book Co), Indenture (Nebraska Book Co), Indenture (NBC Acquisition Corp)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (4) or (5)) of Section 8.1) occurs and is continuing, the Trustee may, by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding may, by written notice to the Company and the Trustee, may declare that the entire all unpaid principal amount of all on the Securities of that Series then outstanding plus accrued (if not then due and unpaid interest payable) to be due and payable upon any such declaration, and the date of acceleration are same shall become and be immediately due and payable. If an Event of Default specified in clause (4) or (5) of Section 8.1 occurs, in which case such amounts all unpaid principal of the Securities then outstanding shall ipso facto become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series by notice to the Trustee may rescind and annul such an acceleration and its consequences if (ia) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that the principal of the Securities which has become due solely because by such declaration of the acceleration, have been cured or waived, ; (iib) to the extent the payment of such interest is lawful, interest (calculated at the rate per annum borne by the Securities) on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and paid; (iiic) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction; and (d) all payments due to the Trustee and any predecessor Trustee under Section 9.7 have been made. No such rescission shall affect any subsequent Default default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 3 contracts

Samples: Indenture (Rf Micro Devices Inc), Rf Micro Devices Inc, Bisys Group Inc

Acceleration. If an Event of Default with in respect to of the Securities of any a particular Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (4) or (5)) of Section 6.1) occurs and is continuing, then the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the then outstanding Securities of that such Series then issued pursuant to this Indenture (including any additional Securities of such Series issued pursuant to this Indenture after the Issue Date) may declare the principal (or, in the case of Discounted Securities, such amount of principal as may be provided for in such Securities) of all of such outstanding Securities and any accrued interest on such Securities to be due and payable immediately by written a notice in writing to the Company Corporation (and to the TrusteeTrustee if given by the Holders); provided, may declare however, that if an Event of Default specified in clause (4) or (5) of Section 6.1 occurs and is continuing, then the entire principal amount of and accrued and unpaid interest on all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the any Holders; provided further, however, that Holders of a majority in aggregate principal amount of the then outstanding Securities of a Series issued pursuant to this Indenture (including any additional Securities of such Series issued pursuant to this Indenture after the Issue Date), by notice to the Trustee, may rescind and annul a declaration of acceleration (and upon such rescission any Event of Default caused by such acceleration shall be deemed cured) with respect to that SeriesSeries and its consequences if all existing Events of Default with respect to the Series have been cured or waived, if the rescission and annulment would not conflict with any judgment or decree of a court of competent jurisdiction obtained by the Trustee for the payment of amounts due on the Securities, and if all payments due to the Trustee under Section 7.7 have been made.

Appears in 3 contracts

Samples: Indenture (Martin Marietta Materials Inc), Indenture (Martin Marietta Materials Inc), Indenture (Martin Marietta Materials Inc)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding may by written notice to the Company and the Trustee, may Trustee declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDEDprovided, HOWEVERhowever, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, or interest that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 3 contracts

Samples: Axcelis Technologies Inc, Axcelis Technologies Inc, Axcelis Technologies Inc

Acceleration. If Subject to Article XII, if an Event of Default with respect to any series of outstanding Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (iv) or (5)v) of Section 6.1 hereof) occurs and is continuing, the Trustee or the Holders of at least 51% in aggregate principal amount of the outstanding Securities of the applicable series, by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice and to the Company and the TrusteeTrustee if notice is given by such Holders, may declare that due and payable the entire unpaid principal amount of all the Securities of that Series then outstanding such series plus any unpaid premium or accrued and unpaid interest, if any, to the date of payment. Upon a declaration of acceleration, such principal, premium and accrued and unpaid interest to the date of acceleration are payment shall be due and payable. If an Event of Default specified in clause (iv) or (v) of Section 6.1 hereof occurs, all unpaid principal, premium and accrued interest on the Securities shall become and be immediately due and payablepayable without any notice, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment declaration or decree based other action on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of any outstanding series of Securities by written notice to the outstanding Securities of that Series Trustee may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, premium or interest or premium, if any, that has on the Securities which have become due solely because of the acceleration, have been cured or waived, waived and (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction. No such Such rescission shall affect or annulment will not extend to any subsequent or other Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesright.

Appears in 3 contracts

Samples: Subordinated Indenture (Fuelcell Energy Inc), Subordinated Indenture (Fuelcell Energy Inc), Subordinated Indenture (Fuelcell Energy Inc)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (5) or (5)6) of Section 8.1) occurs and is continuing, the Trustee may, by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding may, by written notice to the Company and the Trustee, may declare that the entire all unpaid principal amount of all on the Securities of that Series then outstanding plus accrued (if not then due and unpaid interest payable) to be due and payable upon any such declaration, and the date of acceleration are same shall become and be immediately due and payable. If an Event of Default specified in clause (5) or (6) of Section 8.1 occurs, in which case such amounts all unpaid principal of the Securities then outstanding shall ipso facto become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series by notice to the Trustee may rescind and annul such an acceleration and its consequences if (ia) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that the principal of the Securities which has become due solely because by such declaration of the acceleration, have been cured or waived, ; (iib) to the extent the payment of such interest is lawful, interest (calculated at the rate per annum borne by the Securities) on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and paid; (iiic) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction; and (d) all payments due to the Trustee and any predecessor Trustee under Section 9.7 have been made. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 3 contracts

Samples: Brooks Automation Inc, Mediacom Communications Corp, Barnes & Noble Inc

Acceleration. If an Event of Default (other than an Event of Default with respect to Securities of any Series at the time outstanding Company specified in clauses (other than an Event of Default arising under Section 6.1(4g) or (5)h) of Section 8.01) occurs and is continuing, the Trustee may, by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding may, by written notice to the Company and the Trustee, may declare that all unpaid principal of, plus interest accrued and unpaid through the entire principal amount date of such declaration on, all the Securities of that Series then outstanding plus accrued to be due and unpaid interest to payable upon any such declaration, and the date of acceleration are same shall thereupon become and be immediately due and payable. If an Event of Default with respect to the Company specified in clause (g) or (h) of Section 8.01 occurs, in which case all unpaid principal of, plus interest accrued and unpaid through the date of such amounts default on, all the Securities then outstanding shall become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series or the Holders originally causing the acceleration by notice to the Trustee may rescind and annul such an acceleration of Securities and its consequences before a judgment or decree for the payment of money has been obtained by the Trustee if (ia) the rescission would not conflict with any existing order or decree, (b) all existing Events of Default, other than the nonpayment of accelerated principalthe principal of, plus accrued and unpaid interest or premiumon, if any, the Securities that has become due solely because by such declaration of the acceleration, have been cured or waived, waived and (iic) all payments due to the extent the payment of such interest is lawful, interest on overdue installments of interest Trustee and overdue principal, which has become due otherwise than by such declaration of acceleration, has any predecessor Trustee under Section 9.06 have been paid and (iii) the rescission would not conflict with any judgment or decreemade. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Indenture (Blackboard Inc), Blackboard Inc

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) specified in clause (8) or (5)9) of Section 7.01 that occurs with respect to an Issuer) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series Notes then outstanding outstanding, by written notice to the Company Issuers and Paying Agent (and to the Trustee and Paying Agent if such notice is given by the Holders), may, and the Trustee, may declare that Trustee at the entire principal amount request of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority at least 25% in aggregate principal amount of the Notes then outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Defaultshall, other than declare the nonpayment of accelerated principalprincipal of, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of accrued interest and overdue principalAdditional Amounts, which has become if any, on the Notes to be immediately due otherwise than by such and payable. Upon a declaration of acceleration, such principal of, premium, if any, accrued interest and Additional Amounts, if any, shall be immediately due and payable. In the event of a declaration of acceleration because an Event of Default set forth in clause (6) of Section 7.01 has been paid occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (iii6) of Section 7.01 shall be remedied or cured by the rescission would not conflict relevant Issuer or Significant Subsidiary or waived by the Holders of the relevant Indebtedness within 60 days after the declaration of acceleration with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent respect thereto. In case If an Event of Default specified in Section 6.1(4) clause (8) or (59) of Section 7.01 occurs with respect to an Issuer, the Company occurs, such principalprincipal of, premium, if any, accrued interest and interest amount with respect to all of Additional Amounts, if any, on the Securities of that Series Notes then outstanding shall automatically become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or any Holder. In the event of any Event of Default specified in clause (6) of Section 7.01, such Event of Default and all consequences thereof (excluding any resulting payment default, other than as a result of acceleration of the Notes) shall be annulled, waived and rescinded, automatically and without any action by the Trustee or the Holders, if within 20 days after such Event of Default arose the Issuers deliver an Officer’s Certificate to the Trustee stating that (i) the Indebtedness or Guarantee that is the basis for such Event of Default has been discharged; (ii) holders thereof have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event of Default; or (iii) the default that is the basis for such Event of Default has been cured. For the avoidance of doubt, if a Default for a failure to report or failure to deliver a required certificate in connection with another default (the “Initial Default”) occurs, then at the time such Initial Default is cured, such Default for a failure to report or failure to deliver a required certificate in connection with another Default that resulted solely because of that Initial Default will also be cured without any further action, even though such delivery is not within the prescribed period specified in this Indenture. The Holders of at least a majority in principal amount of the Securities outstanding Notes by written notice to the Issuers and to the Trustee may waive all past Defaults and rescind and annul a declaration of that Series.acceleration and its consequences if:

Appears in 2 contracts

Samples: Fourteenth Supplemental Indenture (MPT Operating Partnership, L.P.), Supplemental Indenture (MPT Operating Partnership, L.P.)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (g) or (5)h) of Section 6.01 that occurs with respect to the Company) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities Notes then outstanding, by written notice to the Company (and to the Trustee if such notice is given by the Holders), may, and the Trustee at the request of that Series such Holders shall, declare the principal amount of, premium, if any, and accrued interest on the Notes to be immediately due and payable. Upon a declaration of acceleration, such principal amount of, premium, if any, and accrued interest shall be immediately due and payable. In the event of a declaration of acceleration because an Event of Default set forth in clause (e) of Section 6.01 has occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (e) shall be remedied or cured by the Company or the relevant Significant Subsidiary or waived by the holders of the relevant Indebtedness within 60 days after the declaration of acceleration with respect thereto. If an Event of Default specified in clause (g) or (h) of Section 6.01 occurs with respect to the Company, the principal amount of, premium, if any, and accrued interest on the Notes then outstanding shall IPSO FACTO become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. The Holders of at least a majority in principal amount of the outstanding Notes, by written notice to the Company and to the Trustee, may declare that the entire principal amount of waive all the Securities of that Series then outstanding plus accrued past defaults and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such a declaration of acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principalthe principal of, interest or premium, if any, and interest on the Notes that has have become due solely because by such declaration of the acceleration, have been cured or waived, waived and (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event decree of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all a court of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriescompetent jurisdiction.

Appears in 2 contracts

Samples: Viatel Inc, Viatel Inc

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(46.01(6) or (57)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series Notes (including Additional Notes, if any) then outstanding may by written notice to the Company and the Trustee, may Trustee declare that the entire principal amount of all the Securities of that Series Notes then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case either (i) such amounts shall become immediately due and payable; PROVIDEDor (ii) if there are any amounts outstanding under or in respect of the Senior Credit Facility, HOWEVERsuch amounts shall become due and payable upon the first to occur of an acceleration under or in respect of the Senior Credit Facility or five Business Days after receipt by the Company and the agent for the lenders under the Senior Credit Facility of notice of the acceleration of the Notes; provided, however, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series Notes may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, or interest that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(46.01(6) or (57) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series Notes shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that SeriesNotes.

Appears in 2 contracts

Samples: Lamar Advertising Co/New, Lamar Media Corp/De

Acceleration. If an any Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice to the Company and the Trustee, Securities may declare that the entire principal amount of all the Securities of to be due and payable immediately; provided, that Series then outstanding plus accrued and unpaid interest so long as any Indebtedness permitted to be incurred pursuant to the date Senior Secured Credit Agreement shall be outstanding, such acceleration shall not be effective until the earlier of (i) an acceleration of any such Indebtedness under the Senior Secured Credit Agreement or (ii) five business days after receipt by the Company of written notice of such acceleration under this Indenture. Notwithstanding the foregoing, in the case of an Event of Default described in clause (8) or (9) of Section 6.1, all outstanding Securities will become due and payable without further action or notice. In the event of a declaration of acceleration are immediately due of the Securities because an Event of Default described in clause (5) of Section 6.1 has occurred and payableis continuing, in which case the declaration of acceleration of the Securities shall be automatically annulled if the event of default or Payment Default triggering such amounts Event of Default pursuant to clause (5) shall become immediately due be remedied or cured by the Company or a Restricted Subsidiary or waived by the Holders of the relevant Indebtedness within 20 days after the declaration of acceleration with respect thereto and payable; PROVIDED, HOWEVER, that after such if (a) the annulment of the acceleration but before a of the Securities would not conflict with any judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount court of the outstanding Securities of that Series may rescind competent jurisdiction and annul such acceleration and its consequences if (ib) all existing Events of Default, other than the except nonpayment of accelerated principal, premium or interest or premium, if any, on the Securities that has become became due solely because of the accelerationacceleration of the Securities, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Indenture (Portola Packaging Inc), Indenture (Portola Packaging, Inc. Mexico, S.A. De C.V.)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) specified in clause (8) or (5)9) of Section 7.01 that occurs with respect to an Issuer) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series Notes then outstanding outstanding, by written notice to the Company Issuers and Paying Agent (and to the Trustee and Paying Agent if such notice is given by the Holders), may, and the Trustee, may declare that Trustee at the entire principal amount request of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority at least 25% in aggregate principal amount of the Notes then outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Defaultshall, other than declare the nonpayment of accelerated principalprincipal of, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of accrued interest and overdue principalAdditional Amounts, which has become if any, on the Notes to be immediately due otherwise than by such and payable. Upon a declaration of acceleration, such principal of, premium, if any, accrued interest and Additional Amounts, if any, shall be immediately due and payable. In the event of a declaration of acceleration because an Event of Default set forth in clause (6) of Section 7.01 has been paid occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (iii6) of Section 7.01 shall be remedied or cured by the rescission would not conflict relevant Issuer or Significant Subsidiary or waived by the Holders of the relevant Indebtedness within 60 days after the declaration of acceleration with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent respect thereto. In case If an Event of Default specified in Section 6.1(4) clause (8) or (59) of Section 7.01 occurs with respect to an Issuer, the Company occurs, such principalprincipal of, premium, if any, accrued interest and interest amount with respect to all of Additional Amounts, if any, on the Securities of that Series Notes then outstanding shall automatically become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or any Holder. In the event of any Event of Default specified in clause (6) of Section 7.01, such Event of Default and all consequences thereof (excluding any resulting payment default, other than as a result of acceleration of the Notes) shall be annulled, waived and rescinded, automatically and without any action by the Trustee or the Holders, if within 20 days after such Event of Default arose the Issuers deliver an Officer’s Certificate to the Trustee stating that (i) the Indebtedness or Guarantee that is the basis for such Event of Default has been discharged; (ii) holders thereof have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event of Default; or (iii) the default that is the basis for such Event of Default has been cured. For the avoidance of doubt, if a Default for a failure to report or failure to deliver a required certificate in connection with another default (the “Initial Default”) occurs, then at the time such Initial Default is cured, such Default for a failure to report or failure to deliver a required certificate in connection with another Default that resulted solely because of that Initial Default will also be cured without any further action, even though such delivery is not within the prescribed period specified in this Indenture. Any notice of Default, notice of acceleration or instruction to the Trustee to provide a notice of Default, notice of acceleration or take any other action (a “Noteholder Direction”) provided by any one or more Holders (each a “Directing Holder”) in accordance with this Indenture must be accompanied by a written representation from each such Holder delivered to the Issuers and the Trustee that such Holder is not (or, in the case such Holder is the Depositary or its nominee, that such Holder is being instructed solely by beneficial owners that are not) Net Short (a “Position Representation”), which representation, in the case of a Noteholder Direction relating to the delivery of a notice of Default shall be deemed a continuing representation until the resulting Event of Default is cured or otherwise ceases to exist or the Notes are accelerated. In addition, each Directing Holder is deemed, at the time of providing a Noteholder Direction, to covenant to provide the Issuers with such other information as the Issuers may reasonably request from time-to-time in order to verify the accuracy of such Holder’s Position Representation within five (5) Business Days of request therefor (a “Verification Covenant”). In any case in which the Holder is the Depositary or its nominee, any Position Representation or Verification Covenant required hereunder shall be provided by the beneficial owner of the Notes in lieu of the Depositary or its nominee and the Depositary or its nominee shall be entitled to conclusively rely on such Position Representation and Verification Covenant in delivering its direction to the Trustee. If, following the delivery of a Noteholder Direction, but prior to acceleration of the Notes, the Issuers determine in good faith that there is a reasonable basis to believe a Directing Holder was, at any relevant time, in breach of its Position Representation and provides to the Trustee an Officer’s Certificate stating that the Issuers have initiated litigation (“Litigation”) in a court of competent jurisdiction seeking a determination that such Directing Holder was, at such time, in breach of its Position Representation, and seeking to invalidate any Default or Event of Default (or notice thereof) that resulted from the applicable Noteholder Direction, the cure period with respect to such Default shall be automatically stayed and the cure period with respect to such Event of Default shall be automatically reinstituted and any remedy stayed pending a final and non-appealable determination of a court of competent jurisdiction on such matter (a “Final Decision”). Once such Officer’s Certificate has been provided to the Trustee, the Trustee shall take no future action pursuant to the related Noteholder Direction until it receives notices of a Final Decision. If, following the delivery of a Noteholder Direction, but prior to acceleration of the Notes, the Issuers provide to the Trustee an Officer’s Certificate stating that a Directing Holder failed to satisfy its Verification Covenant (a “Verification Officer’s Certificate”), the cure period with respect to such Default shall be automatically stayed and the cure period with respect to any Event of Default that resulted from the applicable Noteholder Direction shall be automatically reinstituted and any remedy stayed pending satisfaction of such Verification Covenant, and the Trustee shall take no further action pursuant to the related Noteholder Direction until the Issuers provide a subsequent Officer’s Certificate to the Trustee that such Verification Covenant has been satisfied (a “Covenant Satisfaction Officer’s Certificate”). The Issuers shall promptly deliver a Covenant Satisfaction Officer’s Certificate following satisfaction by the applicable Directing Holder of its Verification Covenant and then the Trustee shall be permitted to act in accordance with such Noteholder Direction. Any breach of the Position Representation shall result in such Holder’s participation in such Noteholder Direction being disregarded; and, if, without the participation of such Holder, the percentage of Notes held by the remaining Holders that provided such Noteholder Direction would have been insufficient to validly provide such Noteholder Direction, such Noteholder Direction shall be void ab initio, with the effect that such Event of Default shall be deemed never to have occurred, acceleration voided and rescinded and the Trustee shall be deemed not to have received such Noteholder Direction or any notice of such Default or Event of Default and shall not be permitted to act thereon. Notwithstanding the above, if such Directing Holder’s participation is not required to achieve the requisite level of consent of Holders required under the Indenture to give such Noteholder Direction, the Trustee shall be permitted to act in accordance with such Noteholder Direction notwithstanding any action taken or to be taken by the Issuers (as described above). Notwithstanding anything in the preceding two paragraphs to the contrary, any Noteholder Direction delivered to the Trustee during the pendency of an Event of Default as the result of a bankruptcy or similar proceeding shall not require compliance with the foregoing paragraphs. For the avoidance of doubt, the Trustee shall be entitled to conclusively rely on any Noteholder Direction delivered to it in accordance with this Indenture, shall have no duty to inquire as to or investigate the accuracy of any Position Representation, enforce compliance with any Verification Covenant, verify any statements in any Officer’s Certificate delivered to it, or otherwise make calculations, investigations or determinations with respect to Derivative Instruments, Net Shorts, Long Derivative Instruments, Short Derivative Instruments or otherwise and shall have no liability for ceasing to take any action, staying any remedy or otherwise failing to act in accordance with a Noteholder Direction during the pendency of any Litigation or a Noteholder Direction after a Verification Officer’s Certificate has been provided to it but prior to receipt of a Covenant Satisfaction Officer’s Certificate. The Trustee shall have no liability to the Issuers, any Holder or any other Person in acting in good faith on a Noteholder Direction. The Trustee shall have no obligation to inquire if the Issuers will seek action to determine if a Directing Holder has breached its Position Representation or monitor any court proceedings undertaken in connection therewith or to monitor or investigate whether any Default or Event of Default has been publicly reported. Each Holder, by accepting a Note, will be deemed to acknowledge and agree that the Trustee (and any Agent) shall not be liable to any party for acting or refraining to act in accordance with (i) the foregoing provisions, (ii) any Noteholder Direction, (iii) any Officer’s Certificate or Verification Officer’s Certificate described above or (iv) its duties under the Indenture. The Holders of at least a majority in principal amount of the Securities outstanding Notes by written notice to the Issuers and to the Trustee may waive all past Defaults and rescind and annul a declaration of that Series.acceleration and its consequences if:

Appears in 2 contracts

Samples: Supplemental Indenture (MPT Operating Partnership, L.P.), Seventeenth Supplemental Indenture (MPT Operating Partnership, L.P.)

Acceleration. If an Event of Default (other than an Event of Default with respect to Securities of any Series at the time outstanding Company resulting from sub-clauses (other than an Event of Default arising under Section 6.1(47) or (58) above)) occurs , shall have occurred and is continuingbe continuing under the Indenture, the Trustee by written notice to the Company, or the Holders of not less than 25% at least 25 percent in aggregate principal amount of the Securities of that the applicable Series then outstanding by written notice to the Company and the Trustee, may declare that all Securities of such Series to be due and payable immediately. Upon such declaration of acceleration, the entire principal amount of all amounts due and payable on the Securities of that such Series then outstanding plus accrued will be due and unpaid interest payable immediately. If an Event of Default with respect to the date Company specified in sub-clauses (7) or (8) above occurs, all amounts due and payable on the Securities of acceleration are such Series will ipso facto become and be immediately due and payablepayable without any declaration, in which case such amounts shall become immediately due notice or other act on the part of the Trustee and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment the Company or decree based on such acceleration is obtained by the Trustee, the any Holder. The Holders of a majority in aggregate principal amount of the Securities of such Series then outstanding by written notice to the Trustee and the Company may waive any Default or Event of Default (other than any continuing Default or Event of Default in payment of principal or interest) with respect to such Series of Securities under the Indenture. Holders of a majority in principal amount of the then outstanding Securities of that such Series may rescind and annul an acceleration with respect to such acceleration Series and its consequences if consequence (i) all existing Events of Default, other than the except an acceleration due to nonpayment of accelerated principal, principal or interest or premium, if any, that has become due solely because of on the acceleration, have been cured or waived, (ii) to the extent the payment Securities of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iiiSeries) if the rescission would not conflict with any judgment or decreedecree and if all existing Events of Default have been cured or waived. No such rescission shall extend to or shall affect any subsequent Default Event of Default, or shall impair any right or power consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesthereon.

Appears in 2 contracts

Samples: Standard Pacific Corp /De/, Standard Pacific Corp /De/

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.01(4) or (5)) occurs and is continuingcontinuing with respect to Securities of any series at the time outstanding, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the outstanding Securities of that Series then outstanding series by written notice to the Company and the Trustee, may declare that to be due and payable immediately (1) the entire principal amount (or, if Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of Securities of that series) of all of the Securities of that Series series then outstanding plus and (2) interest, if any, accrued and unpaid interest to the date of acceleration acceleration. Upon such declaration, such principal amount (or specified amount) and interest, if any, shall be due and payable immediately. If an Event of Default specified in Section 6.01(4) or (5) occurs and is continuing, (1) the principal amount (or, if the Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of the Securities of that series) of all of the Securities of that series then outstanding and (2) interest, if any, accrued to the date of such acceleration, shall become and be immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or Securityholders. The Holders of a majority in aggregate principal amount of the outstanding Securities of that Series the series with respect to which an acceleration applies by notice to the Trustee may rescind and annul such an acceleration and its consequences with respect to such series if (i) all existing Events of Default, Default (other than the nonpayment non-payment of accelerated principal, interest or premiumthe principal of and accrued interest, if any, on Securities that has have become due solely because by such acceleration) with respect to Securities of the acceleration, that series have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest waived and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Tele Communications Inc /Co/, Tele Communications Inc /Co/

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (5) or (5)6) of Section 8.1) occurs and is continuing, the Trustee may, by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding may, by written notice to the Company and the Trustee, may declare that the entire all unpaid principal amount of all on the Securities of that Series then outstanding plus accrued (if not then due and unpaid interest payable) to be due and payable upon any such declaration, and the date of acceleration are same shall become and be immediately due and payable. If an Event of Default specified in clause (5) or (6) of Section 8.1 occurs, in which case such amounts all unpaid principal of the Securities then outstanding shall ipso facto become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series by notice to the Trustee may rescind and annul such an acceleration and its consequences if (ia) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that the principal of the Securities which has become due solely because by such declaration of the acceleration, have been cured or waived, ; (iib) to the extent the payment of such interest is lawful, interest (calculated at the rate per annum borne by the Securities) on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid paid; and (iiic) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Registration Rights Agreement (Citigroup Inc), Citigroup Inc

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4described in clause (7) or (5)8) of Section 6.1) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the outstanding Securities of that Series then outstanding by written notice to the Company and the Trustee, may may, and the Trustee at the request of such Holders shall, declare that the entire principal amount of all the Securities of that Series then outstanding plus of, premium, if any, Additional Amounts, if any, and accrued and unpaid interest (including Additional Interest), if any, on all the Securities to the date of acceleration are immediately be due and payable. Upon such a declaration, in which case such amounts principal, premium, Additional Amounts and accrued and unpaid interest shall become immediately be due and payable; PROVIDEDpayable immediately. In the event of a declaration of acceleration of the Securities because an Event of Default described in clause (6) of Section 6.1 has occurred and is continuing, HOWEVER, that the declaration of acceleration of the Securities shall be automatically annulled if the Default triggering such Event of Default pursuant to clause (6) of Section 6.1 shall be remedied or cured by the Company or a Restricted Subsidiary or waived by the holders of the relevant Indebtedness within 20 days after such the declaration of acceleration but before a with respect thereto and if (1) the annulment of the acceleration of the Securities would not conflict with any judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount court of the outstanding Securities of that Series may rescind competent jurisdiction and annul such acceleration and its consequences if (i2) all existing Events of Default, other than the except nonpayment of accelerated principal, premium or interest or premium, if any, on the Securities that has become became due solely because of the accelerationacceleration of the Securities, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified described in Section 6.1(4clause (7) or (5) with respect to 8) of Section 6.1 occurs and is continuing, the Company occurs, such principalprincipal of, premium, if any, Additional Amounts, if any, and accrued and unpaid interest amount with respect to (including Additional Interest) on all of the Securities of that Series shall will become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesany Holders.

Appears in 2 contracts

Samples: Indenture (Cellu Tissue Holdings, Inc.), Indenture (Cellu Tissue - CityForest LLC)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.1(f) or (5g)) occurs and is continuing, the Trustee by written notice to the Company, Company or the Holders of not less than at least 25% in aggregate original principal amount of the Securities of that Series then at the time outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount then Accreted Principal Amount of all the Securities of that Series then outstanding plus all accrued and unpaid interest to (including Stated Interest, Contingent Interest and Deferred Interest) thereon, if any, through the date of acceleration are declaration to be immediately due and payable. Upon such a declaration, in which case such amounts Accreted Principal Amount plus all accrued interest (including Stated Interest, Contingent Interest and Deferred Interest) thereon, if any, shall become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment . If an Event of Default specified in Section 6.1(f) or decree based on such acceleration is obtained by the Trustee(g) occurs, the Accreted Principal Amount of all the Securities plus all accrued interest (including Stated Interest, Contingent Interest and Deferred Interest) thereon, if any, shall become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in aggregate original principal amount of the outstanding Securities of that Series at the time outstanding, by notice to the Trustee (and without notice to any other Holder), may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree, (ii) all existing Events of Default have been cured or waived except nonpayment of the Accreted Principal Amount plus all accrued interest thereon, if any, that have become due solely as a result of acceleration, and (iii) all amounts due to the Trustee under Section 7.7 have been paid. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Indenture (Amerus Group Co/Ia), Indenture (Amerus Group Co/Ia)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (f) or (5)g) of Section 6.01 that occurs with respect to the Company) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding outstanding, by written notice to the Company (and to the Trustee if such notice is given by the Holders), may, and the TrusteeTrustee at the request of such Holders shall, may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payableof, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, and accrued interest on overdue installments of interest the Securities to be immediately due and overdue principal, which has become due otherwise than by such payable. Upon a declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and accrued interest amount shall be immediately due and payable. In the event of a declaration of acceleration because an Event of Default set forth in clause (d) of Section 6.01 has occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (d) shall be remedied or cured by the Company or the relevant Significant Subsidiary or waived by the holders of the relevant Indebtedness within 60 days after the declaration of acceleration with respect thereto. If an Event of Default specified in clause (f) or (g) of Section 6.01 occurs with respect to all of the Company, the principal of, premium, if any, and accrued interest on the Securities of that Series then outstanding shall ipso facto become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or any Holder. At any time after such a declaration of acceleration, but before a judgment or decree for the payment of the money due has been obtained by the Trustee, the Holders of at least a majority in principal amount of the outstanding Securities, by written notice to the Company and to the Trustee, may waive all past Defaults and rescind and annul such declaration of acceleration and its consequences if (a) the Company has paid or deposited with the Trustee a sum sufficient to pay (i) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, (ii) all overdue interest on all Securities, (iii) the principal of and premium, if any, on any Securities that have become due otherwise than by such declaration or occurrence of acceleration and interest thereon at the rate prescribed therefor by such Securities, and (iv) to the extent that payment of such interest is lawful, interest upon overdue interest at the rate prescribed therefor by such Securities, (b) all existing Events of Default, other than the nonpayment of the principal of, premium, if any, and accrued interest on the Securities that have become due solely by such declaration of that Seriesacceleration, have been cured or waived and (c) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction.

Appears in 2 contracts

Samples: Indenture (Winstar Communications Inc), Indenture (Winstar Communications Inc)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.01(3) or (54)) occurs and is continuing, unless the Principal Amount of all the Securities shall have already become due and payable, either the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount Principal Amount of the Securities of that Series then at the time outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount Issue Price and accrued Original Issue Discount through the date of declaration on all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are be immediately due and payable, whereupon such Issue Price and accrued Original Issue Discount shall be due and payable immediately; provided that, if an Event of Default specified in which case Section 6.01(3) or (4) occurs and is continuing, the Issue Price and accrued Original Issue Discount on all the Securities through the date of the occurrence of such amounts Event of Default shall become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Securityholders. The Holders of a majority in aggregate principal amount Principal Amount of the outstanding Securities of that Series at the time outstanding, by notice to the Trustee (and without notice to any other Securityholder) may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreedecree and if all existing Events of Default have been cured or waived except nonpayment of the Issue Price and accrued Original Issue Discount that have become due solely as a result of acceleration and if all amounts due to the Trustee under Section 7.06 have been paid. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Talk Radio Network Inc, Multiverse Acquisition Corp

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (Default, other than an Event of Default arising under Section 6.1(4) or (5)) a Bankruptcy Default, occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities Original Principal Amount of that Series the Notes then outstanding outstanding, by written notice to the Company (and to the Trustee), may, and the TrusteeTrustee at the written request of such Holders may, may declare that the entire principal amount then Accreted Principal Amount of all the Securities of that Series then outstanding plus accrued and unpaid interest Notes to the date of acceleration are be immediately due and payable. Upon a declaration of acceleration, in which case such amounts shall Accreted Principal Amount will become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before . If a judgment or decree based on such acceleration is obtained by the TrusteeBankruptcy Default occurs, the Holders of a majority in aggregate principal amount Accreted Principal Amount of the Notes then outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has will become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be immediately due and payable immediately automatically without any declaration or other act on the part of the Trustee or any Holder. If the Holders Accreted Principal Amount of any Note is not paid when due (whether upon acceleration pursuant to this Section 6.02, upon the date set for payment of the Securities Fundamental Change Repurchase Price pursuant to Article 3 hereof or upon the Maturity Date), then in each such case the overdue amount shall, to the extent permitted by law, bear cash interest at the rate of that Series2.00% per annum (“Default Interest”), compounded quarterly, which interest shall accrue from the date the Accreted Principal Amount was originally due to the payment date of such amount has been made or duly provided for.

Appears in 2 contracts

Samples: Indenture (Cadiz Inc), Indenture (Cadiz Inc)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (i) or (5)j) of Section 6.1 hereof with respect to the Company) with respect to the Notes occurs and is continuing, the Trustee may, by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series Notes then outstanding may, by written notice to the Company and the Trustee, may declare that the entire all unpaid principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are on the Notes then outstanding (if not then due and payable) to be due and payable upon any such declaration, and the same shall become and be immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified in Section 6.1(4clause (i) or (5j) of Section 6.1 hereof with respect to the Company occurs, such principalall unpaid principal (including, without limitation, any premium, if any, then outstanding), and interest amount with respect to all of accrued interest, if any, on the Securities of that Series Notes then outstanding shall ipso facto become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or the any Holder. The Holders of a majority in aggregate principal amount of Notes then outstanding by notice to the Securities Trustee may rescind an acceleration and its consequences if (a) all existing Events of that SeriesDefault, other than the nonpayment of the principal of Notes which has become due solely by such declaration of acceleration, have been cured or waived; (b) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and (c) all payments due to the Trustee and any predecessor Trustee under Section 7.7 hereof in respect of the Notes have been made. No such rescission shall affect any subsequent default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Indenture (Bausch Health Companies Inc.), Valeant Pharmaceuticals International, Inc.

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) with respect to the Company) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount (and any premium, if any, on) of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Ironwood Pharmaceuticals Inc, TransMedics Group, Inc.

Acceleration. If an any Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (6) or (5)7) of Section 6.01 hereof with respect to the Issuer) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than 25at least 25.0% in aggregate principal amount of the Securities of that Series then total outstanding Notes by written notice to the Company and the Trustee, Issuer may declare that the entire principal amount of principal, premium, if any, interest and any other monetary obligations on all the Securities of that Series then outstanding plus accrued Notes to be due and unpaid payable immediately. Upon the effectiveness of such declaration, such principal of and premium, if any, and interest shall be due and payable immediately. The Trustee may withhold from the Holders notice of any continuing Default, except a Default relating to the date payment of principal, premium, if any, or interest, if it determines that withholding notice is in the Holders’ interest. The Trustee shall have no obligation to accelerate the Notes if the Trustee in its best judgment determines that acceleration are immediately is not in the best interests of the Holders. Notwithstanding the foregoing, in the case of an Event of Default arising under clause (6) or (7) of Section 6.01 hereof with respect to the Issuer, all outstanding Notes shall become due and payable, in which case such amounts shall become payable immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment without further action or decree based on such acceleration is obtained by the Trustee, the notice. The Holders of a majority in aggregate principal amount of the then outstanding Securities Notes by written notice to the Trustee may on behalf of that Series may rescind and annul such acceleration the Holders of all of the Notes waive any existing Default and its consequences if under this Indenture (i) all existing Events except a continuing Default in the payment of Defaultinterest on, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because or the principal of the acceleration, have been cured or waived, (iiany Note held by a non-consenting Holder) and rescind any acceleration with respect to the extent the payment of Notes and its consequences (except if such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent theretoof a court of competent jurisdiction). In case an the event of any Event of Default specified in Section 6.1(46.01(4) or (5) with respect to the Company occurshereof, such principalEvent of Default and all consequences thereof (excluding any resulting payment default, premium, if any, and interest amount with respect to all other than as a result of acceleration of the Securities of that Series Notes) shall be due annulled, waived and payable immediately rescinded, automatically and without any declaration or other act on the part of action by the Trustee or the Holders of the Securities of that Series.Holders, if:

Appears in 2 contracts

Samples: Indenture (Quintiles IMS Holdings, Inc.), Indenture (Quintiles IMS Holdings, Inc.)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (5) or (5)6) of Section 8.1) occurs and is continuing, the Trustee may, by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding may, by written notice to the Company and the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding amount, plus accrued and unpaid interest and Additional Interest, if any, on the Securities then outstanding (if not then due and payable) to be due and payable upon any such declaration, and the date of acceleration are same shall become and be immediately due and payable. If an Event of Default specified in clause (5) or (6) of Section 8.1 occurs, in which case such amounts the principal amount, plus accrued and unpaid interest and Additional Interest, if any, on the Securities then outstanding shall ipso facto become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series by notice to the Trustee may rescind and annul such an acceleration and its consequences if (ia) all existing Events of Default, other than the nonpayment of accelerated the principal, interest or premium, if any, that interest or Additional Interest, if any on the Securities which has become due solely because by such declaration of the acceleration, have been cured or waived, ; (iib) to the extent the payment of such interest is lawful, interest (calculated at 1% per annum) on overdue installments of interest interest, Additional Interest, if any, and overdue principal, which has become due otherwise than by such 57 declaration of acceleration, has been paid and paid; (iiic) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction; and (d) all payments due to the Trustee and any predecessor Trustee under Section 9.7 have been made. No such rescission shall affect any subsequent Default default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Indenture (Veritas Software Corp /De/), Indenture (Symantec Corp)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (7) or (5)8) of Section 8.01 with respect to the Company) occurs and is continuing, the Trustee may, by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding may, by written notice to the Company and the Trustee, may declare that the entire all unpaid principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are on the Securities then outstanding (if not then due and payable) to be due and payable upon any such declaration, and the same shall become and be immediately due and payable. If an Event of Default specified in clause (7) or (8) of Section 8.01 occurs with respect to the Company, in which case such amounts all unpaid principal of the Securities then outstanding shall IPSO FACTO become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series by notice to the Trustee may rescind and annul such an acceleration and its consequences if (ia) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that the principal of the Securities which has become due solely because by such declaration of the acceleration, have been cured or waived, ; (iib) to the extent the payment of such interest is lawful, interest (calculated at the rate per annum borne by the Securities) on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and paid; (iiic) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction; and (d) all payments due to the Trustee and any predecessor Trustee under Section 9.07 have been made. No such rescission shall affect any subsequent Default default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Integra Lifesciences Holdings Corp, Integra Lifesciences Holdings Corp

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.01(f) or (5)g) with respect to either of the Issuers or a Significant Subsidiary) occurs and is continuing, the Trustee upon written request of Holders of at least 25% in principal amount of outstanding Securities, by notice to the Issuers shall declare that the principal of, premium, if any, and accrued but unpaid interest on all the Securities is due and payable; provided, however, that so long as any Bank Indebtedness remains outstanding, no such acceleration shall be effective until the earlier of (i) five (5) Business Days after the giving of written notice to the CompanyIssuers and the Representative under the Credit Agreement and the trustee for the Second Lien Notes and (ii) the day on which any Bank Indebtedness or Indebtedness represented by the Second Lien Notes is accelerated. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(f) or (g) with respect to either of the Issuers or a Significant Subsidiary occurs, the principal of, premium, if any, and interest on all the Securities shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of not less than 25% a majority in aggregate principal amount of the Securities of that Series then outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series Trustee may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreedecree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an the event of any Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs6.01(e), such principalEvent of Default and all consequences thereof (excluding, premiumhowever, if any, and interest amount with respect to all of the Securities of that Series any resulting payment default) shall be due annulled, waived and payable immediately rescinded, automatically and without any declaration or other act on the part of action by the Trustee or the Holders of the Securities, if within 20 days after such Event of Default arose the Issuers deliver an Officers’ Certificate to the Trustee stating that (x) the Indebtedness or guarantee that is the basis for such Event of Default has been discharged or (y) the holders thereof have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event of Default or (z) the default that is the basis for such Event of Default has been cured, it being understood that in no event shall an acceleration of the principal amount of the Securities as described above be annulled, waived or rescinded upon the happening of that Seriesany such events.

Appears in 2 contracts

Samples: Supplemental Indenture (Verso Sartell LLC), Supplemental Indenture (Verso Paper Corp.)

Acceleration. If an any Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (6) or (5)7) of Section 6.01 hereof with respect to the Issuer) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than 25at least 25.0% in aggregate principal amount of the Securities of that Series then total outstanding Notes by written notice to the Company and the Trustee, Issuer may declare that the entire principal amount of principal, premium, if any, interest and any other monetary obligations on all the Securities of that Series then outstanding plus accrued Notes to be due and unpaid payable immediately. Upon the effectiveness of such declaration, such principal of and premium, if any, and interest shall be due and payable immediately. The Trustee may withhold from the Holders notice of any continuing Default, except a Default relating to the date payment of principal, premium, if any, or interest, if it determines that withholding notice is in the Holders’ interest. The Trustee shall have no obligation to accelerate the Notes if the Trustee in its best judgment determines that acceleration are immediately is not in the best interests of the Holders. Notwithstanding the foregoing, in the case of an Event of Default arising under clause (6) or (7) of Section 6.01 hereof with respect to the Issuer, all outstanding Notes shall be due and payable, in which case such amounts shall become payable immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment without further action or decree based on such acceleration is obtained by the Trustee, the notice. The Holders of a majority in aggregate principal amount of the then outstanding Securities Notes by written notice to the Trustee may on behalf of that Series may the Holders of all of the Notes rescind and annul such any acceleration with respect to the Notes and its consequences if (i) such rescission would not conflict with any judgment of a court of competent jurisdiction and if all existing Events of DefaultDefault (except non-payment of interest on, other than the nonpayment of accelerated principal, interest or premium, if any, or the principal of any Note held by a non-consenting Holder that has become due solely because of the acceleration, ) have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an the event of any Event of Default specified in Section 6.1(46.01(4) or (5) with respect to the Company occurshereof, such principalEvent of Default and all consequences thereof (excluding any resulting payment default, premium, if any, and interest amount with respect to all other than as a result of acceleration of the Securities of that Series Notes) shall be due annulled, waived and payable immediately rescinded, automatically and without any declaration or other act on the part of action by the Trustee or the Holders Holders, if within 20 days after such Event of the Securities of that Series.Default arose:

Appears in 2 contracts

Samples: Indenture (IMS Health Holdings, Inc.), Indenture (IMS Health Holdings, Inc.)

AutoNDA by SimpleDocs

Acceleration. If an any Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (j) or (5)k) of Section 7.01) occurs and is continuing, the Trustee or the Holders of at least 25% in Principal Amount of the then outstanding Notes may declare all the Notes to be due and payable immediately. Upon any such declaration, the Notes shall become due and payable immediately. Notwithstanding the foregoing, if an Event of Default specified in clause (j) or (k) of Section 7.01 hereof occurs, all outstanding Notes shall be due and payable immediately without further action or notice. The Majority Holders by written notice to the CompanyTrustee may, or the Holders on behalf of not less than 25% in aggregate principal amount all of the Securities of that Series then outstanding by written notice to the Company and the TrusteeHolders, may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such an acceleration and its consequences if (i) the rescission would not conflict with any judgment or decree and if all existing Events of Default, other than the Default (except nonpayment of accelerated principalPrincipal, interest Interest or premium, if any, premium that has become due solely because of the acceleration, ) have been cured or waived. In the event of a declaration of acceleration of the Notes solely because an Event of Default described in Section 7.01(h) has occurred and is continuing, (ii) to the extent declaration of acceleration of the Notes shall be automatically rescinded and annulled if the payment default or acceleration triggering such Event of such interest is lawful, interest on overdue installments Default pursuant to Section 7.01(h) shall be remedied or cured or waived by the holders of interest and overdue principal, which has become due otherwise than by such the relevant debt within 20 Business Days after the declaration of acceleration, has been paid acceleration with respect thereto and (iii) if the rescission and annulment of the acceleration of the Notes would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event decree of Default specified in Section 6.1(4) or (5) with respect to a court of competent jurisdiction obtained by the Company occurs, such principal, premium, if any, and interest amount with respect to all Trustee for the payment of the Securities of that Series shall be amounts due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that SeriesNotes.

Appears in 2 contracts

Samples: Indenture (Akoustis Technologies, Inc.), Indenture (Akoustis, Inc.)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (5) or (5)6) of Section 8.1) occurs and is continuing, the Trustee may, by written notice to the CompanyObligors, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding of any series may, by written notice to the Company Obligors and the Trustee, may declare that the entire all unpaid principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are on the Securities then outstanding of such series (if not then due and payable) to be due and payable upon any such declaration, and the same shall become and be immediately due and payable. If an Event of Default specified in clause (5) or (6) of Section 8.1 occurs, all unpaid principal (including, without limitation, any premium, in which case such amounts any), and accrued interest and additional amounts, if any on the Securities of the applicable series then outstanding shall ipso facto become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the outstanding Securities of that Series the applicable series then outstanding by notice to the Trustee may rescind and annul such an acceleration and its consequences with respect to that series if (ia) all existing Events of DefaultDefault with respect to that series, other than the nonpayment of accelerated principal, interest or premium, if any, that the principal of the Securities which has become due solely because by such declaration of the acceleration, have been cured or waived, ; (iib) to the extent the payment of such interest is lawful, interest at a rate of 1% per annum over the amount of interest otherwise payable on such Security on overdue installments of interest and Additional Interest, if any, and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and paid; (iiic) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction; and (d) all payments due to the Trustee and any predecessor Trustee under Section 9.7 have been made. No such rescission shall affect any subsequent Default default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Valeant Pharmaceuticals International, Inc., Valeant Pharmaceuticals International

Acceleration. If (a) Subject to Section 6.02(b), if applicable, if an Event of Default with respect to Securities of any Series at the time outstanding (other than excluding an Event of Default arising under specified in Section 6.1(46.01(f) or (5Section 6.01(g)) occurs has occurred and is continuing, either the Trustee Trustee, by written notice to the Company, or the Holders of not less than at least twenty five percent (25% %) in aggregate principal amount of the Securities of that Series then outstanding outstanding, by written notice to the Company and the Trustee, may declare that 100% of the entire principal amount of all the Securities of that Series then outstanding plus of, and accrued and unpaid interest on, all the Securities to the date of acceleration are be immediately due and payablepayable in full. Upon such declaration, the principal of, and any accrued and unpaid interest on, all Securities shall be due and payable immediately. If an Event of Default specified in which case such amounts Section 6.01(f) or Section 6.01(g) occurs, 100% of the principal of, and accrued and unpaid interest on, all the Securities shall ipso facto become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series by written notice to the Trustee may rescind and or annul such an acceleration and its consequences if (i) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction, (ii) all existing Events of Default, other than except the nonpayment of accelerated principal, principal or interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, waived (iior are waived concurrently with such rescission or annulment) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) all amounts due to the rescission would not conflict with Trustee under Section 7.06 have been paid. Upon any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event annulment, the Events of Default specified in Section 6.1(4) or (5) with respect that were the subject of such acceleration shall cease to the Company occurs, such principal, premium, if any, exist and interest amount with respect deemed to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Serieshave been cured for every purpose.

Appears in 2 contracts

Samples: Indenture (Motorola Solutions, Inc.), Motorola Solutions, Inc.

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (g) or (5)h) of Section 6.01 that occurs with respect to the Company) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series Notes then outstanding outstanding, by written notice to the Company (and to the Trustee if such notice is given by the Holders), may, and the Trustee, may declare that Trustee at the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment request of such interest is lawfulHolders shall, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) declare the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principalprincipal of, premium, if any, and accrued interest amount on the Notes to be immediately due and payable. Upon a declaration of acceleration, such principal of, premium, if any, and accrued and unpaid interest shall be immediately due and payable. In the event of a declaration of acceleration because an Event of Default set forth in clause (e) of Section 6.01 has occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (e) shall be remedied or cured by the Company or the relevant Significant Subsidiary or waived by the holders of the relevant Indebtedness within 60 days after the declaration of acceleration with respect thereto. If an Event of Default specified in clause (g) or (h) of Section 6.01 occurs with respect to all of the Securities of that Series Company, the principal of, premium, if any, and accrued and unpaid interest on the Notes then outstanding shall IPSO FACTO become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or any Holder. At any time after such declaration of acceleration, but before a judgment or decree for the payment of the money due has been obtained by the Trustee, the Holders of at least a majority in principal amount of the Securities outstanding Notes by written notice to the Company and to the Trustee, may waive all past Defaults and rescind and annul a declaration of acceleration and its consequences if (a) the Company has paid or deposited with the Trustee a sum sufficient to pay (i) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances (if any) of the Trustee, its agents and counsel, (ii) all overdue interest on all Notes, (iii) the principal of and premium, if any, on any Notes that Serieshave become due otherwise than by such declaration or occurrence of acceleration and interest thereon at the rate prescribed therefor by such Notes, and (iv) to the extent that payment of such interest is lawful, interest upon overdue interest, if any, at the rate prescribed therefor by such Notes, (b) all existing Events of Default, other than the non-payment of the principal of, premium, if any, and accrued interest on the Notes that have become due solely by such declaration of acceleration, have been cured or waived and (c) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction.

Appears in 2 contracts

Samples: Indenture (Carrier1 International S A), Carrier1 International S A

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) with respect to the Company) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount of of, and premium, if any, on all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDEDprovided, HOWEVERhowever, that after such acceleration acceleration, but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that such Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, or interest that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) occurs with respect to the Company occursCompany, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Biogen Inc., Biogen Inc.

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under described in Section 6.1(4) or (57.1(vi)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the outstanding Securities of that Series then outstanding by written notice to the Company and the Trustee, may may, and the Trustee at the request of such Holders shall, declare that the entire principal amount of of, premium, if any, and accrued and unpaid interest, if any, on all the Securities of that Series then outstanding plus to be due and payable. Upon such a declaration, such principal, premium and accrued and unpaid interest to will be due and payable immediately. In the date event of a declaration of acceleration are immediately due of the Securities because an Event of Default described in Section 7.1(v) has occurred and payableis continuing, in which case the declaration of acceleration of the Securities shall be automatically annulled if the Event of Default or payment default triggering such amounts Event of Default pursuant to Section 7.1(v) shall become immediately due be remedied or cured by the Company or a Restricted Subsidiary or waived by the Holders of the relevant Indebtedness within 20 days after the declaration of acceleration with respect thereto and payable; PROVIDED, HOWEVER, that after such if (1) the annulment of the acceleration but before a of the Securities would not conflict with any judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount court of the outstanding Securities of that Series may rescind competent jurisdiction and annul such acceleration and its consequences if (i2) all existing Events of Default, other than the except nonpayment of accelerated principal, premium or interest or premium, if any, on the Securities that has become became due solely because of the accelerationacceleration of the Securities, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified described in Section 6.1(47.1(vi) or (5) with respect to occurs and is continuing, the Company occurs, such principalprincipal of, premium, if any, and accrued and unpaid interest amount with respect to on all of the Securities of that Series shall will become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesany Holders.

Appears in 2 contracts

Samples: Indenture (Deluxe Corp), Deluxe Corp

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an ------------ Event of Default arising under specified in Section 6.1(46.01(7) or (5)8) with respect to the Company) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount of and accrued but unpaid interest on all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately be due and payable; PROVIDEDprovided, HOWEVERhowever, that after so -------- ------- long as any Bank Indebtedness remains outstanding, no such acceleration but before shall be effective until the earlier of (1) five Business Days after the giving of written notice to the Company and the administrative agent (or similar agent if there is no administrative agent) under the Credit Agreement and (2) the day on which any Bank Indebtedness is accelerated. Upon such a judgment declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(7) or decree based on such acceleration (8) with respect to the Company occurs and is obtained by the Trusteecontinuing, the principal of and interest on all the Securities shall ipso facto become and be immediately due and payable without any declaration or ---- ----- other act on the part of the Trustee or any Securityholders. The Holders of a majority in aggregate principal amount of the outstanding Securities of that Series by notice to the Trustee may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreedecree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely be- cause of acceleration. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Blum Capital Partners Lp, Fs Equity Partners Iii Lp

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.01(f) or (5)g) with respect to the Parent or the Company) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the outstanding Securities, by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount of and accrued but unpaid interest on all the Securities to be due and payable. Upon such a declaration, such principal and interest will be due and payable immediately. In the event a declaration of that Series then outstanding plus accrued acceleration because an Event of Default set forth in Section 6.01(e) has occurred and unpaid interest is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to Section 6.01(e) shall be remedied or cured by the Parent or its Significant Subsidiary or waived by the holders of the Indebtedness within 60 days after the declaration of acceleration with respect thereto. If an Event of Default specified in Section 6.01(f) or (g) with respect to the date Parent or the Company occurs, the principal of acceleration are and interest on all the Securities shall ipso facto become and be immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holders. The Holders of a majority in aggregate principal amount of the outstanding Securities of that Series by notice to the Trustee may rescind and annul any such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreedecree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 2 contracts

Samples: Kansas City Southern, Kansas City Southern

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding may by written notice to the Company and the Trustee, may Trustee declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDEDprovided, HOWEVERhowever, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, or interest that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(46.1(6) or (57) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 1 contract

Samples: Moog Inc

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (e), (f) or (5)g) of Section 8.1.1 occurs and is continuingcontinuing with respect to the Company, the Trustee may, by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding may, by written notice to the Company and the Trustee, may declare that the entire principal amount and accrued and unpaid interest, if any, through the date of declaration on all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are be immediately due and payable. Upon such a declaration, such principal amount and such accrued and unpaid interest, if any, shall be due and payable immediately. If an Event of Default specified in which case such amounts Section 8.1.1(e), 8.1.1(f) or 8.1.1(g) occurs in respect of the Company and is continuing, the principal amount and accrued but unpaid interest, if any, on all the Securities shall become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holders of Securities. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series by notice to the Trustee may rescind and annul such an acceleration and its consequences if (ia) all existing Events of Default, other than the nonpayment non-payment of accelerated principal, interest or premium, if any, that has the principal of the Securities which have become due solely because by such declaration of the acceleration, have been cured or waived, ; (iib) to the extent the payment of such interest is lawful, interest (calculated at the rate per annum borne by the Securities) on overdue installments instalments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and paid; (iiic) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction; and (d) all payments due to the Trustee and any predecessor Trustee under Section 8.8 have been made. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 1 contract

Samples: Great Basin Gold LTD

Acceleration. If In the case of an Event of Default specified in clause (7) or (8) of Section 6.01 hereof, with respect to Securities the Company, any Guarantor that is a Significant Subsidiary or any group of Guarantors that, taken together, would constitute a Significant Subsidiary, all outstanding Notes will become due and payable immediately without further action or notice. If any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice to the Company and the Trustee, Notes may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest Notes to the date of acceleration are immediately be due and payablepayable immediately. Upon any such declaration, in which case such amounts the Notes shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the payable immediately. The Holders of a majority in aggregate principal amount of the then outstanding Securities Notes by written notice to the Trustee may, on behalf of that Series may all of the Holders, rescind and annul such an acceleration and its consequences consequences, if (i) the rescission would not conflict with any judgment or decree and if all existing Events of Default, other than the Default (except nonpayment of accelerated principal, interest or premiumpremium or Liquidated Damages, if any, that has become due solely because of the acceleration, ) have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified in occurs on or after February 15, 2016 by reason of any willful action (or inaction) taken (or not taken) by or on behalf of the Company with the intention of avoiding payment of the premium that the Company would have had to pay if the Company then had elected to redeem the Notes pursuant to Section 6.1(4) or (5) with respect 3.07 hereof, then, upon acceleration of the Notes, an equivalent premium shall also become and be immediately due and payable, to the Company occursextent permitted by law, such principalanything in this Indenture or in the Notes to the contrary notwithstanding. If an Event of Default occurs prior to February 15, premium, if any, and interest amount with respect to all 2016 by reason of any willful action (or inaction) taken (or not taken) by or on behalf of the Securities Company with the intention of avoiding the prohibition on redemption of the Notes prior to such date, then, upon acceleration of the Notes, an additional premium shall also become and be immediately due and payable, to the extent permitted by law, in an amount, for each of the years beginning on February 15 of the years set forth below, as set forth below (expressed as a percentage of the principal amount of the Notes on the date of payment that Series shall would otherwise be due and payable immediately without any declaration or other act on but for the part provisions of the Trustee or the Holders of the Securities of that Series.this sentence): Year Percentage 2013 7.750 % 2014 6.458 % 2015 5.167 %

Appears in 1 contract

Samples: Indenture (Vector Group LTD)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (g) or (5)h) above that occurs with respect to the Company) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount at maturity of the Securities of that Series Notes, then outstanding outstanding, by written notice to the Company (and to the Trustee if such notice is given by the Holders), may, and the TrusteeTrustee at the request of such Holders shall, may declare that the entire principal amount of all Accreted Value of, premium, if any, and accrued interest on the Securities of that Series then outstanding plus accrued and unpaid interest Notes to the date of acceleration are be immediately due and payable. Upon a declaration of acceleration, in which case such amounts Accreted Value of, premium, if any, and accrued interest shall become be immediately due and payable; PROVIDED. In the event of a declaration of acceleration because an Event of Default set forth in clause (e) above has occurred and is continuing, HOWEVERsuch declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (e) shall be remedied or cured by the Company or the relevant Significant Group Member or waived by the holders of the relevant Indebtedness within 60 days after the declaration of acceleration with respect thereto. If an Event of Default specified in clause (g) or (h) above occurs with respect to the Company, that the Accreted Value of, premium, if any, and accrued interest on the Notes then outstanding shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. At any time after such acceleration a declaration of acceleration, but before a judgment or decree based on such acceleration is for the payment of the money due has been obtained by the Trustee, the Holders of at least a majority in aggregate principal amount of the outstanding Securities of that Series Notes by written notice to the Company and to the Trustee, may waive all past Defaults and rescind and annul such declaration of acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment non-payment of accelerated principalthe principal of, interest or premium, if any, and accrued interest on the Notes that has have become due solely because by such declaration of the acceleration, have been cured or waived, waived and (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event decree of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all a court of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriescompetent jurisdiction.

Appears in 1 contract

Samples: Indenture (McCaw International LTD)

Acceleration. If an any Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuingcontinuing and is known to the Trustee (as set forth in Section 11.03(j)), the Trustee by written notice to the CompanyIssuers, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding Notes, by written notice to the Company Issuers and the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest Notes to the date of acceleration are immediately be due and payablepayable immediately. Upon any such declaration, in which case such amounts the Notes shall become immediately due and payable; PROVIDEDpayable immediately. Notwithstanding the preceding, HOWEVERif an Event of Default specified in Section 6.01(a)(ix) or (x) occurs, that after such acceleration but before a judgment all outstanding Notes shall become due and payable immediately without further action or decree based on such acceleration is obtained by the Trustee, the notice. The Holders of a majority in aggregate principal amount of the then outstanding Securities Notes by notice to the Trustee may on behalf of that Series may all of the Holders rescind and annul such an acceleration and its consequences if (i) the rescission would not conflict with any judgment or decree; (ii) all existing Events of Default, other than the Default (except with respect to nonpayment of accelerated principal, interest or premium, if any, that has have become due solely because of the acceleration, ) have been cured or waived, ; (iiiii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise other than by such declaration of acceleration, has been paid paid; and (iiiiv) the rescission would not conflict with any judgment or decreeIssuers have paid the Trustee its compensation and reimbursed the Trustee for its expenses, disbursements and advances. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 1 contract

Samples: Indenture (USA Compression Partners, LP)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (g) or (5)h) of Section 6.01 that occurs with respect to the Company or any Subsidiary Guarantor) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities Notes of that Series the applicable series then outstanding outstanding, by written notice to the Company (and to the Trustee if such notice is given by the Holders), may, and the TrusteeTrustee at the request of such Holders shall, may declare that the entire principal (or, if the Notes of such series are Original Issue Discount Notes, such portion of the principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series as may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default be specified in Section 6.1(4) or (5) with respect to the Company occurs, such principalseries) of, premium, if any, and accrued interest amount on the applicable series of Notes to be immediately due and payable. Upon a declaration of acceleration, such principal of, premium, if any, and accrued interest shall be immediately due and payable. In the event of a declaration of acceleration because an Event of Default set forth in clause (e) of Section 6.01 has occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (e) of Section 6.01 shall be remedied or cured by the Company or the relevant Significant Subsidiary or waived by the holders of the relevant Indebtedness within 60 days after the declaration of acceleration with respect thereto. If an Event of Default specified in clause (g) or (h) of Section 6.01 occurs with respect to all the Company, the principal of, premium, if any, and accrued interest on the Notes of the Securities of that Series each series then outstanding shall automatically become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or the any Holder. The Holders of at least a majority in principal amount of the Securities outstanding Notes of the applicable series by written notice to the Company and to the Trustee, may waive all past defaults and rescind and annul a declaration of acceleration and its consequences if (x) all existing Events of Default, other than the nonpayment of the principal of, premium, if any, and interest on the applicable series of Notes that Serieshave become due solely by such declaration of acceleration, have been cured or waived and (y) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction. For all purposes under this Indenture, if a portion of the principal of any Original Issue Discount Notes shall have been accelerated and declared due and payable pursuant to the provisions hereof, then, from and after such declaration, unless such declaration has been rescinded and annulled, the principal amount of such Original Issue Discount Notes shall be deemed, for all purposes hereunder, to be such portion of the principal thereof as shall be due and payable as a result of such acceleration, and payment of such portion of the principal thereof as shall be due and payable as a result of such acceleration, together with interest, if any, thereon and all other amounts owing thereunder, shall constitute payment in full of such Original Issue Discount Notes.

Appears in 1 contract

Samples: E TRADE FINANCIAL Corp

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in paragraph (f) or (5)g) occurs of Section 6.01 relating to the Company) shall occur and is be continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of outstanding Notes may declare the Securities principal of that Series then outstanding and accrued interest on all the Notes to be due and payable by written notice in writing to the Company and the TrusteeTrustee specifying the respective Event of Default and that it is a "notice of acceleration" (the "Acceleration Notice"), may declare that and the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts same shall become immediately due and payable; PROVIDED. If an Event of Default specified in paragraph (f) or (g) of Section 6.01 relating to the Company occurs and is continuing, HOWEVERthen all unpaid principal of, that and premium, if any, and accrued and unpaid interest and Additional Interest, if any, on all of the outstanding Notes shall IPSO FACTO become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. At any time after such a declaration of acceleration but before a judgment or decree based on such acceleration is obtained by with respect to the TrusteeNotes as described in the preceding paragraph, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series Notes may rescind and annul cancel such acceleration declaration and its consequences if (i) if the rescission would not conflict with any judgment or decree, (ii) if all existing Events of Default, other than the Default have been cured or waived except nonpayment of accelerated principal, principal or interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (iiiii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iiiiv) if the rescission would not conflict with Company has paid the Trustee its reasonable compensation and reimbursed the Trustee for its expenses, disbursements and advances and any judgment or decreeother amounts due to the Trustee pursuant to the provisions of Section 7.07. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 1 contract

Samples: Power Ten

Acceleration. If an Event of Default with in respect to Securities of any the Notes of a particular Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (4) or (5)) of Section 6.1) occurs and is continuing, then the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding Notes of such Series issued pursuant to this Indenture (including any Additional Notes of such Series issued pursuant to this Indenture after the Issue Date) may declare the principal of all of such outstanding Notes and any accrued interest on such Notes to be due and payable immediately by written a notice in writing to the Company (and the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date Trustee if given by the Holders) (and, for the avoidance of acceleration are immediately doubt, any amounts otherwise due and payablepayable at the time of such acceleration, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or including premium, if any, shall continue to be due and payable following such acceleration); provided, however, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case if an Event of Default specified in Section 6.1(4clause (4) or (5) with respect to of Section 6.1 occurs and is continuing, then the Company occurs, such principalprincipal of, premium, if any, and accrued and unpaid interest amount with respect to on all of the Securities Notes of that Series shall be become immediately due and payable immediately without any declaration or other act on the part of the Trustee or the any Holders; provided further, however, that Holders of a majority in aggregate principal amount of the Securities then outstanding Notes of a Series issued pursuant to this Indenture (including any Additional Notes of such Series issued pursuant to this Indenture after the Issue Date), by notice to the Trustee, may rescind and annul a declaration of acceleration (and upon such rescission any Event of Default caused by such acceleration shall be deemed cured) with respect to that SeriesSeries and its consequences if all existing Events of Default with respect to the Series have been cured or waived, if the rescission and annulment would not conflict with any judgment or decree of a court of competent jurisdiction obtained by the Trustee for the payment of amounts due on the Notes, and if all payments due to the Trustee under Section 7.7 have been made.

Appears in 1 contract

Samples: Indenture (Martin Marietta Materials Inc)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under described in clauses (7) and (8) of Section 6.1(4) or (5)6.1) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding Notes by written notice to the Company and the Trustee, may may, and the Trustee at the request of such Holders shall, declare that the entire principal amount of of, premium, if any, and accrued and unpaid interest, if any, on all the Securities of that Series then outstanding plus Notes to be due and payable. Upon such a declaration, such principal, premium and accrued and unpaid interest to shall be due and payable immediately. In the date event of a declaration of acceleration are immediately due of the Notes because an Event of Default described in clause (6) of Section 6.1 has occurred and payableis continuing, in which case the declaration of acceleration of the Notes shall be automatically annulled if the event of default or payment default triggering such amounts Event of Default pursuant to clause (6) of Section 6.1 shall become immediately due be remedied or cured by the Company or a Restricted Subsidiary or waived by the holders of the relevant Indebtedness within 30 days after the declaration of acceleration with respect thereto and payable; PROVIDED, HOWEVER, that after such if (1) the annulment of the acceleration but before a of the Notes would not conflict with any judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount court of the outstanding Securities of that Series may rescind competent jurisdiction and annul such acceleration and its consequences if (i2) all existing Events of Default, other than the except nonpayment of accelerated principal, premium or interest or premium, if any, on the Notes that has become became due solely because of the accelerationacceleration of the Notes, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified described in clauses (7) and (8) of Section 6.1(4) or (5) with respect to 6.1 occurs and is continuing, the Company occurs, such principalprincipal of, premium, if any, and accrued and unpaid interest amount with respect to on all of the Securities of that Series Notes shall become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesany Holders.

Appears in 1 contract

Samples: Tango of Arundel, Inc.

Acceleration. If an any Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuingcontinuing and is known to the Trustee (as set forth in Section 11.03(j)), the Trustee Trustee, by written notice to the CompanyIssuers, or the Holders of not less than 25at least 30% in aggregate principal amount of the Securities of that Series then outstanding Notes, by written notice to the Company Issuers and the Trustee, may declare that all of the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest Notes to the date of acceleration are immediately be due and payablepayable immediately. Upon any such declaration, in which case such amounts the Notes shall become immediately due and payable; PROVIDEDpayable immediately. Notwithstanding the preceding, HOWEVERif an Event of Default specified in Section 6.01(a)(ix) or (x) occurs, that after such acceleration but before a judgment then all outstanding Notes shall become due and payable immediately without further action or decree based on such acceleration is obtained by the Trustee, the notice. The Holders of a majority in aggregate principal amount of the then outstanding Securities Notes by notice to the Trustee may, on behalf of that Series may all of the Holders of all of the Notes, rescind and annul such an acceleration and its consequences if (i) the rescission would not conflict with any judgment or decree; (ii) all existing Events of Default, other than the Default (except with respect to nonpayment of accelerated principal, interest or premium, if any, that has have become due solely because of the acceleration, ) have been cured or waived, ; (iiiii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise other than by such declaration of acceleration, has been paid paid; and (iiiiv) the rescission would not conflict with any judgment or decreeIssuers have paid the Trustee its compensation and reimbursed the Trustee for its fees, expenses, disbursements, damages, losses, liabilities and advances (including reasonable and documented attorney’s fees and expenses). No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 1 contract

Samples: Indenture (USA Compression Partners, LP)

Acceleration. If an Event of Default (other than an Event of Default with respect to Securities of any Series at the time outstanding Company specified in clause (other than an Event of Default arising under Section 6.1(4vi) or (5)vi) of Section 6.1) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding Securities by written notice to the Company and the Trustee, may declare that all Securities to be due and payable immediately. Upon such declaration the entire principal amount amounts due and payable on the Securities, as determined in the next succeeding paragraph, shall be due and payable immediately. If an Event of all the Securities of that Series then outstanding plus accrued and unpaid interest Default with respect to the date Company specified in clause (vi) or (vi) of acceleration are Section 6.1 occurs, such an amount shall ipso facto become and be immediately due and payablepayable without any declaration, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment notice or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the then outstanding Securities of that Series by written notice to the Trustee may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event decree and if all existing Events of Default specified in Section 6.1(4) (except nonpayment of principal of, or (5) with respect to the Company occurs, such principal, premium, if any, and or interest on the Securities or that resulted from a failure to comply with Section 4.10 in which case a rescission may be effected only by Holders of an aggregate principal amount with respect of Securities then outstanding greater than or equal to all that aggregate principal amount of Securities which would be necessary to waive the Default or Event of Default resulting in such acceleration pursuant to Section 6.4) have been cured or waived. In the event that the maturity of the Securities is accelerated pursuant to this Section 6.2, 100% of that Series the principal amount thereof and premium, if any, shall be become due and payable immediately without any declaration or other act plus accrued interest to the date of payment plus interest on defaulted interest to the part of the Trustee or the Holders of the Securities of that Seriesextent provided herein.

Appears in 1 contract

Samples: Indenture (Integrated Health Services Inc)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in clause (8) of Section 6.1(4) or (5)8.1 with respect to the Issuer) occurs and is continuing, the Trustee may, by written notice to the CompanyIssuer, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding may, by written notice to the Company Issuer and the Trustee, may declare that all unpaid principal plus accrued and unpaid interest (including Additional Interest), if any, to the entire principal amount date of all acceleration on the Securities then outstanding (if not then due and payable) to be due and payable upon any such declaration, and the same shall become and be immediately due and payable. If an Event of that Series Default specified in clause (8) of Section 8.1 occurs with respect to the Issuer, all unpaid principal of the Securities then outstanding plus accrued and unpaid interest to the date of acceleration are (including Additional Interest), if any, shall ipso facto become and be immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series by notice to the Trustee may rescind and annul such an acceleration and its consequences if (ia) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that the principal of the Securities which has become due solely because by such declaration of the acceleration, have been cured or waived, ; (iib) to the extent the payment of such interest is lawful, interest (calculated at the rate per annum borne by the Securities) on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and paid; (iiic) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction; and (d) all payments due to the Trustee and any predecessor Trustee under Section 9.7 have been made. No such rescission shall affect any subsequent Default default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 1 contract

Samples: Indenture (Wynn Resorts LTD)

Acceleration. If an Event of Default (other than an Event of Default specified in Section 7.01(5) or (6)) with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuing, the Trustee may, by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the such Securities of that such Series then outstanding may, by written notice to the Company and the Trustee, may and the Trustee shall, upon the request of such Holders, declare that all unpaid principal (or, if such Securities are Original Issue Discount Securities, such portion of the entire principal amount of all as may then be payable on acceleration as provided in the Securities of that Series then outstanding plus terms thereof) and accrued and unpaid interest to the date of acceleration are on all such Securities of such Series then outstanding (if not then due and payable) to be due and payable and, upon any such declaration, the same shall become and be immediately due and payable. If an Event of Default specified in Section 7.01(5) or (6) occurs, all unpaid principal (or, if any Securities are Original Issue Discount Securities, such portion of the principal amount as may then be payable on acceleration as provided in which case such amounts the terms thereof) and accrued interest on all Securities of every Series then outstanding shall IPSO FACTO become and be immediately due and payable; PROVIDEDpayable without any declaration or other act on the part of the Trustee or any Securityholder. Upon payment of such principal amount and interest, HOWEVERall of the Company's obligations under such Securities of such Series and this Indenture with respect to such Securities of such Series, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trusteeother than obligations under Section 8.07, the shall terminate. The Holders of a majority in aggregate principal amount of the outstanding Securities of that such Series then outstanding by notice to the Trustee may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment non-payment of accelerated principal, interest or premium, if any, that the principal of the Securities of such Series which has become due solely because by such declaration of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and paid, (iii) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction and (iv) all payments due to the Trustee and any predecessor Trustee under Section 8.07 have been made. No such rescission Anything herein contained to the contrary notwithstanding, in the event of any acceleration pursuant to this Section 7.02, the Company shall affect not be obligated to pay any subsequent Default or impair premium in connection with any right consequent thereto. In case repayment arising from an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that SeriesDefault.

Appears in 1 contract

Samples: Forest Oil Corp

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.01 (f) or (5)g) occurs relating to the Company) shall occur and is be continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of outstanding Notes may declare the Securities principal of that Series then outstanding and accrued interest on all the Notes to be due and payable by written notice in writing to the Company and the TrusteeTrustee specifying the respective Event of Default and that it is a declaration of acceleration, may declare that and the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts same shall become immediately due and payable; PROVIDED. If an Event of Default specified in Section 6.01 (f) or (g) with respect to the Company occurs and is continuing, HOWEVERthen all unpaid principal of, that and premium, if any, and accrued and unpaid interest on all of the outstanding Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. At any time after such a declaration of acceleration but before a judgment or decree based on such acceleration is obtained by with respect to the TrusteeNotes as described in the preceding paragraph, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series Notes may rescind and annul cancel such acceleration declaration and its consequences (a) if the rescission would not conflict with any judgment or decree, (ib) if all existing Events of Default, other than the Default have been cured or waived except nonpayment of accelerated principal, principal or interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (iic) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid, (d) if the Company has paid the Trustee its reasonable compensation and reimbursed the Trustee for its expenses, disbursements and advances and (iiie) in the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all event of the Securities of that Series shall be due and payable immediately without any declaration cure or other act on the part of the Trustee or the Holders of the Securities of that Series.waiver

Appears in 1 contract

Samples: Vista Eyecare Inc

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (g) or (5)h) of Section 6.01 that occurs with respect to the Company) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series Notes, then outstanding outstanding, by written notice to the Company (and to the Trustee if such notice is given by the Holders), may, and the TrusteeTrustee at the request of such Holders shall, may declare that the entire principal amount of all of, premium, if any, and accrued interest on the Securities of that Series then outstanding plus accrued and unpaid interest Notes to the date of acceleration are be immediately due and payable. Upon a declaration of acceleration, in which case such amounts principal of, premium, if any, and accrued interest shall become be immediately due and payable; PROVIDED. In the event of a declaration of acceleration because an Event of Default set forth in clause (e) of Section 6.01 has occurred and is continuing, HOWEVERsuch declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (e) shall be remedied or cured by the Company or the relevant Significant Subsidiary or waived by the holders of the relevant Indebtedness within 60 days after the declaration of acceleration with respect thereto. If an Event of Default specified in clause (g) or (h) of Section 6.01 occurs with respect to the Company, that the principal of, premium, if any, and accrued interest on the Notes then outstanding 56 50 shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. At any time after such acceleration a declaration of acceleration, but before a judgment or decree based on such acceleration is for the payment of the money due has been obtained by the Trustee, the Holders of at least a majority in aggregate principal amount of the outstanding Securities of that Series Notes by written notice to the Company and to the Trustee, may waive all past Defaults and rescind and annul such declaration of acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment non-payment of accelerated principalthe principal of, interest or premium, if any, and accrued interest on the Notes that has have become due solely because by such declaration of the acceleration, have been cured or waived, waived and (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event decree of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all a court of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriescompetent jurisdiction.

Appears in 1 contract

Samples: Allegiance Telecom Inc

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.1(7) or (5)8) with respect to the Company) occurs and is continuingcontinuing (the Event of Default not having been cured or waived as provided in this Article 6), the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then at the time outstanding by written notice to the Company and the TrusteeCompany, may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest interest, including Additional Amounts, if any, on all the Securities to the date of acceleration are be immediately due and payable. Upon such a declaration, such accelerated amount shall be due and payable immediately. If an Event of Default specified in which case such amounts Section 6.1(7) or (8) occurs (with respect to the Company) and is continuing, the principal amount plus accrued and unpaid interest, including Additional Amounts, if any, on all the Securities shall become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Securityholders. The Holders of a majority in aggregate principal amount of the outstanding Securities of that Series at the time outstanding, by notice to the Trustee (and without notice to any other Securityholder) may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreedecree and if all existing Events of Default have been cured or waived except nonpayment of the principal amount plus accrued and unpaid interest, including Additional Amounts, if any, that have become due solely as a result of acceleration and if all amounts due to the Trustee under Section 7.7 have been paid. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 1 contract

Samples: Indenture (Memberworks Inc)

Acceleration. If an Event of Default (other than an Event of Default with respect to Securities of any Series at the time outstanding Company specified in clauses (other than an Event of Default arising under Section 6.1(4h) or (5)i) of Section 7.01) occurs and is continuing, the Trustee may, by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding may, by written notice to the Company and the Trustee, may declare that all unpaid principal of, plus interest (including Additional Interest, if any) accrued and unpaid through the entire principal amount date of such declaration on, all the Securities of that Series then outstanding plus accrued to be due and unpaid interest to payable upon any such declaration, and the date of acceleration are same shall thereupon become and be immediately due and payable. If an Event of Default with respect to the Company specified in clause (g) or (i) of Section 7.01 occurs, in which case all unpaid principal of, plus interest (including Additional Interest, if any) accrued and unpaid through the date of such amounts default on, all the Securities then outstanding shall ipso facto become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority two-thirds in aggregate principal amount of the Securities then outstanding Securities of that Series or the Holders originally causing the acceleration by notice to the Trustee may rescind and annul such an acceleration of Securities and its consequences before a judgment or decree for the payment of money has been obtained by the Trustee if (ia) the rescission would not conflict with any existing order or decree, (b) all existing Events of Default, other than the nonpayment of accelerated principalthe principal of, plus accrued and unpaid interest or premium(including Additional Interest, if any) on, the Securities that has become due solely because by such declaration of the acceleration, have been cured or waived, waived and (iic) all payments due to the extent Trustee and any predecessor Trustee under Section 6.7 of the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has Base Indenture have been paid and (iii) the rescission would not conflict with any judgment or decreemade. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 1 contract

Samples: Radisys Corp

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clauses (6) or (5)7) of Section 8.1) occurs and is continuing, the Trustee may, by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding may, by written notice to the Company and the Trustee, may declare that the entire all unpaid principal amount of all on the Securities of that Series then outstanding plus accrued (if not then due and unpaid interest payable) to be due and payable upon any such declaration, and the date of acceleration are same shall become and be immediately due and payable. If an Event of Default specified in clauses (6) or (7) of Section 8.1 occurs, in which case such amounts all unpaid principal of the Securities then outstanding shall ipso facto become and be immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment payable without any declaration or decree based other act on such acceleration is obtained by the Trustee, part of the Trustee or any Holder. The Holders of a majority in aggregate principal amount of the Securities then outstanding Securities of that Series by written notice to the Trustee may rescind and annul such an acceleration and its consequences if (ia) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that the principal of the Securities which has become due solely because by such declaration of the acceleration, have been cured or waived, ; (iib) to the extent the payment of such interest is lawful, interest (calculated at the rate per annum borne by the Securities) on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and paid; (iiic) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction; and (d) all payments due to the Trustee and any predecessor Trustee under Section 9.7 have been made. No such rescission shall affect any subsequent Default default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 1 contract

Samples: Indenture (St Mary Land & Exploration Co)

Acceleration. If an any Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4described in clause (7) or (58) of Section 6.1(a)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25at least 30% in aggregate principal amount of the Securities of that Series then outstanding Notes by written notice to the Company and the Trustee, may may, and the Trustee at the request of such Holders shall (subject to the Trustee’s rights under Section 6.5), declare that the entire principal amount of all the Securities of that Series then outstanding plus of, premium, if any, and accrued and unpaid interest interest, if any, on all the Notes to the date of acceleration are be immediately due and payable. Upon such a declaration, in which case such amounts shall become immediately principal, premium and accrued and unpaid interest, will be due and payable; PROVIDEDpayable immediately. In the event of any Event of Default specified in clause (4) of Section 6.1(a), HOWEVERsuch Event of Default and all consequences thereof shall be annulled, that waived and rescinded, automatically and without any action by the Trustee or the Holders, if within 30 days after such Event of Default arose: (1) (x) the Indebtedness that gave rise to such Event of Default shall have been dis- charged in full; or (y) the holders thereof have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event of Default; or (z) if the default that is the basis for such Event of Default has been cured; and (2) (a) the annulment of the acceleration but before a of the Notes would not conflict with any judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount court of the outstanding Securities of that Series may rescind competent jurisdiction; and annul such acceleration and its consequences if (ib) all existing Events of Default, other than the except nonpayment of accelerated principal, interest premium or premiuminterest, if any, on the Notes that has become became due solely because of the accelerationacceleration of the Notes, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified described in Section 6.1(4clause (7) or (58) of Section 6.1(a) with respect to occurs and is continuing, the Company occursprincipal of, such principalpremium and accrued and unpaid interest, premium, if any, on all Notes will become and interest amount with respect to all of the Securities of that Series shall be immediately due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesany Holders. SECTION 6.3.

Appears in 1 contract

Samples: Townsquare Media, Inc.

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under described in Section 6.1(4) or (56.01(a)(6)) occurs and is continuing, the Trustee PIK Facility Agent by written notice to the Company, Company or the Holders of not less than 25at least 51% in the aggregate of the principal amount of the Securities of that Series then outstanding Loans and PIK Notes by written notice to the Company and the TrusteePIK Facility Agent, may may, and this Agreement at the request of such Holders shall, declare that the entire principal amount of all the Securities of that Series then outstanding plus of, premium, if any, and accrued and unpaid interest on all the Loans under this Agreement to the date of acceleration are immediately be due and payable. Upon such a declaration, in which case such amounts shall become immediately principal, premium and accrued and unpaid interest will be due and payable; PROVIDEDpayable immediately. In the event of a declaration of acceleration of the Loans because an Event of Default described in Section 6.01(a)(5) has occurred and is continuing, HOWEVERthe declaration of acceleration of the Loans shall be automatically annulled if the event of default or payment default triggering such Event of Default pursuant to Section 6.01(a)(5) shall be remedied or cured, or waived by the holders of the Indebtedness, or the Indebtedness that gave rise to such Event of Default shall have been discharged in full, within 30 days after such the declaration of acceleration but before a with respect thereto and if (1) the annulment of the acceleration of the Loans would not conflict with any judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount court of the outstanding Securities of that Series may rescind competent jurisdiction and annul such acceleration and its consequences if (i2) all existing Events of Default, other than the except nonpayment of accelerated principal, premium or interest or premium, if any, on the Loans that has become became due solely because of the accelerationacceleration of the Loans, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified described in Section 6.1(46.01(a)(6) or (5) with respect to above occurs and is continuing, the Company occurs, such principalprincipal of, premium, if any, and accrued and unpaid interest amount with respect to on all of the Securities of that Series shall Loans will become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee PIK Facility Agent or the Holders of the Securities of that Seriesany Holders.

Appears in 1 contract

Samples: Agreement (Nordic Telephone CO ApS)

Acceleration. If an Upon the occurrence and during the continuance of any Event of Default with respect to Securities described in the foregoing Subsections 6.1(F) or 6.1(G), the unpaid principal amount of any Series at and accrued interest and fees (including Breakage Fees, if any) on the time outstanding Loans, payments under the Letters of Credit and all other Obligations (other than Obligations under any Related Secured Hedge Agreement to which a Lender or an Event Affiliate of Default arising under Section 6.1(4a Lender is a party, which may be accelerated solely in the discretion of such Lender or Affiliate of a Lender party thereto) or (5)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are shall automatically become immediately due and payable, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other requirements of any kind, all of which are hereby expressly waived by Borrower, and the obligations of Lenders to make Loans and issue Letters of Credit shall thereupon terminate. Upon the occurrence and during the continuance of any other Event of Default, Administrative Agent may and upon written demand of Requisite Lenders shall by written notice to Borrower declare all or any portion of the Loans, all or any Letter of Credit and all or some of the other Obligations (other than Obligations under any Related Secured Hedge Agreement to which a Lender or an Affiliate of a Lender is a party, which may be accelerated solely in which case the discretion of such amounts Lender or Affiliate of a Lender party thereto) to be, and the same shall become forthwith become, immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind payable together with accrued interest and annul such acceleration and its consequences if fees (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premiumincluding Breakage Fees, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if anythereon, and interest amount upon such acceleration the obligations of Lenders to make Loans and issue Letters of Credit shall thereupon terminate and Borrower shall immediately comply with respect to all the provisions of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that SeriesSubsection 1.17.

Appears in 1 contract

Samples: Credit Agreement (Surewest Communications)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(46.1(d) or (5)Section 6.1(e) of the Base Indenture) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that all Series then outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount of all the Securities of that all of the Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that all Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(46.1(d) or (5Section 6.1(e) of the Base Indenture with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that each Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that such Series.

Appears in 1 contract

Samples: First Supplemental Indenture (Rekor Systems, Inc.)

Acceleration. If an Event of Default with respect to the Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clauses (g) or (5)h) of Section 6.01) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series then outstanding Securities, by written notice in writing to the Company (and to the Trustee, Trustee if given by the Holders) may declare that the entire unpaid principal amount of all the Securities of that Series then outstanding plus (and premium, if any) and accrued and unpaid interest to the date of acceleration are immediately on all outstanding Securities to be due and payablepayable immediately and, upon any such declaration, such principal amount (and premium, if any) and accrued interest, notwithstanding anything contained in which case such amounts this Indenture or the Securities to the contrary, shall become immediately due and payable; PROVIDED. If an Event of Default specified in clauses (g) or (h) of Section 6.01 occurs, HOWEVER, that after all unpaid principal of and accrued interest on all outstanding Securities shall ipso facto become immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. Any such acceleration but before a judgment or decree based on such acceleration is obtained declaration with respect to the Securities may be rescinded and annulled by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences by written notice to the Trustee if (i) all existing Events of Default, Default (other than the nonpayment of accelerated principal, principal of and interest or premium, if any, that on the Securities which has become due solely because by virtue of the such acceleration, ) have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest waived and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.

Appears in 1 contract

Samples: Metris Direct Inc

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (7) or (58) above with respect to the Issuer)) occurs , shall have occurred and is continuingbe continuing under this Indenture, the Trustee Trustee, by written notice to the CompanyIssuer, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series Notes then outstanding by written notice to the Company Issuer and the Trustee, may declare that all amounts owing under the entire Notes to be due and payable. Upon such declaration of acceleration, the aggregate principal amount of all the Securities of that Series then outstanding plus and accrued and unpaid interest to on the date of acceleration are outstanding Notes shall immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDEDprovided, HOWEVERhowever, that after such acceleration acceleration, but before a judgment or decree based on such acceleration is obtained by the Trusteeacceleration, the Holders of a majority in aggregate principal amount of the such outstanding Securities of that Series may Notes may, under certain circumstances, rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the accelerationprincipal and interest, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreewaived as provided in this Indenture. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case If an Event of Default specified in Section 6.1(4clause (7) or (5) 8) with respect to the Company Issuer occurs, such principalall outstanding Notes shall become due and payable without any further action or notice. The Trustee shall, premium, if any, and interest amount within 30 days after the occurrence of any Default with respect to the Notes, give the Holders notice of all uncured Defaults thereunder known to it; provided, however, that, except in the case of an Event of Default in payment with respect to the Notes or a Default in complying with Section 4.1, the Trustee shall be protected in withholding such notice if and so long as a committee of its trust officers in good faith determines that the withholding of such notice is in the interest of the Securities of that Series Holders. No Holder shall be due and payable immediately without have any declaration right to institute any proceeding with respect to this Indenture or other act on for any remedy thereunder, unless the part of the Trustee or the Holders of the Securities of that Series.Trustee:

Appears in 1 contract

Samples: Indenture (ExamWorks Group, Inc.)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4specified in clause (g) or (5)h) of Section 6.01 that occurs with respect to the Company) occurs and is continuingcontinuing under this Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series Notes then outstanding outstanding, by written notice to the Company (and to the Trustee if such notice is given by the Holders), may, and the Trustee, may declare that Trustee at the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment request of such interest is lawfulHolders shall, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) declare the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principalAccreted Value of, premium, if any, and accrued interest amount on the Notes to be immediately due and payable. Upon a declaration of acceleration (the "Acceleration Notice"), such Accreted Value of, premium, if any, and accrued interest shall be immediately due and payable; provided, however, that if there are any amounts outstanding under the Credit Agreement, such declaration shall not become effective until the earlier of (i) an acceleration of the Indebtedness under the Credit Agreement and (ii) five Business Days after receipt by the Company and the Bank Agent of such Acceleration Notice. In the event of a declaration of acceleration because an Event of Default set forth in clause (e) of Section 6.01 has occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (e) shall be remedied or cured by the Company or the relevant Significant Subsidiary or waived by the holders of the relevant Indebtedness within 60 days after the declaration of acceleration with respect thereto. If an Event of Default specified in clause (g) or (h) of Section 6.01 occurs with respect to all of the Securities of that Series Company, the Accreted Value of, premium, if any, and accrued interest on the Notes then outstanding shall ipso facto become and be immediately due and payable immediately without any declaration or other act on the part of the Trustee or any Holder. At any time after such a declaration of acceleration, but before a judgment or decree for the payment of the money due has been obtained by the Trustee, the Holders of at least a majority in principal amount of the Securities outstanding Notes by written notice to the Company and to the Trustee may waive all past Defaults and rescind and annul such declaration of acceleration and its consequences if (a) the Company has paid or deposited with the Trustee a sum sufficient to pay (i) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, (ii) all overdue interest on all Notes, (iii) the principal of and premium, if any, on any Notes that Serieshave become due otherwise than by such declaration or occurrence of acceleration and interest thereon at the rate prescribed therefor by such Notes, and (iv) to the extent that payment of such interest is lawful, interest upon overdue interest at the rate prescribed therefor by such Notes, (b) all existing Events of Default, other than the nonpayment of the Accreted Value of, premium, if any, and accrued interest on the Notes that have become due solely by such declaration of acceleration, have been cured or waived and (c) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction.

Appears in 1 contract

Samples: Pagemart Wireless Inc

Acceleration. If an Event of Default (other than an Event of Default with respect to the Company specified in clauses (vii) and (viii) of Section 6.01 hereof) occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the then Outstanding Notes may declare the unpaid principal of, premium, if any, accrued and unpaid interest and Liquidated Damages, if any, on all the Notes to be due and payable by notice in writing to the Company and the Trustee specifying the respective Event of Default and that it is a "notice of acceleration" (the "Acceleration Notice"), and the same (i) shall become immediately due and payable or (ii) if there are any amounts outstanding under the Credit Facility, shall become immediately due and payable upon the first to occur of an acceleration under the Credit Facility or five Business Days after receipt by the Company and the Representative under the Credit Facility of such Acceleration Notice but only if such Event of Default is then continuing. If an Event of Default with respect to Securities of any Series at the time outstanding Company specified in clauses (other than an Event of Default arising under Section 6.1(4vii) or (5)viii) occurs of Section 6.01 hereof occurs, all Outstanding Notes shall ipso facto become and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series then outstanding by written notice to the Company and the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid interest to the date of acceleration are be immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the any Holder. The Holders of a majority in principal amount of the Securities then Outstanding Notes by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default (except non-payment of principal or interest that Serieshas become due solely because of the acceleration) have been cured or waived.

Appears in 1 contract

Samples: Conmed Corp

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(46.01(6) or (57)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series Notes then outstanding may by written notice to the Company and the Trustee, may Trustee declare that the entire principal amount of all the Securities of that Series Notes then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case either (i) such amounts shall become immediately due and payable; PROVIDEDor (ii) if there are any amounts outstanding under or in respect of the Senior Credit Facility, HOWEVERsuch amounts shall become due and payable upon the first to occur of an acceleration under or in respect of the Senior Credit Facility or five Business Days after receipt by the Company and the agent for the lenders under the Senior Credit Facility of notice of the acceleration of the Notes; provided, however, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series Notes may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, or interest that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(46.01(6) or (57) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series.the

Appears in 1 contract

Samples: Lamar Advertising Co

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(46.1(a)(8) or (5)above with respect to the Company) occurs and is continuingcontinuing with respect to a series of Notes, the Trustee Trustee, by written notice to the CompanyIssuers, or the Holders of not less than at least 25% in aggregate principal amount of the Securities Notes of that Series such series then outstanding outstanding, by written notice to the Company Issuers and the Trustee, may declare that (an “Acceleration Declaration”) the entire unpaid principal amount of all the Securities of that Series then outstanding plus and premium, if any, and accrued and unpaid interest on all the Notes of such series to the date of acceleration are be immediately due and payable. Upon such declaration of acceleration, in which case the unpaid principal of and premium, if any, and accrued and unpaid interest on all the Notes of such amounts shall series will become immediately due and payable; PROVIDED. If an Event of Default specified in Section 6.1(a)(8) above with respect to the Company occurs, HOWEVERthen the unpaid principal of and premium, that if any, and accrued and unpaid interest on all the Notes will become immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. At any time after such a declaration of acceleration but before a judgment with respect to the Fixed Rate Notes or decree based on such acceleration is obtained by Floating Rate Notes, as the Trusteecase may be, as described in the preceding paragraph, the Holders of at least a majority in aggregate principal amount of the outstanding Securities Outstanding Notes of that Series such series may waive all past defaults and rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the Default with respect to such series except nonpayment of accelerated principal, principal and interest or premium, if any, that has become due solely because of the acceleration, have been cured or waivedwaived as provided in this Indenture, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment judgment, decree or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event order of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all a court of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriescompetent jurisdiction.

Appears in 1 contract

Samples: Elan Corp PLC

Acceleration. (a) If an Event of Default Default, other than a bankruptcy default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) Company or (5)) the Issuer occurs and is continuingcontinuing under the Indenture, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series Notes then outstanding outstanding, by written notice to the Company Issuer (and to the Trustee if the notice is given by the Holders), may, and the TrusteeTrustee at the request of such Holders shall, may declare that the entire principal amount of all the Securities of that Series then outstanding plus and accrued and unpaid interest interest, if any, on the Notes to the date of acceleration are be immediately due and payable. Upon a declaration of acceleration, in which case such amounts shall principal and interest will become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before . If a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) bankruptcy default occurs with respect to the Company occursor the Issuer, such principal, premiumthe principal of and accrued and unpaid interest, if any, and interest amount with respect to all of on the Securities of that Series shall be Notes then outstanding will become immediately due and payable immediately without any declaration or other act on the part of the Trustee or any Holder. In the Holders event of a declaration of acceleration of the Securities Notes because an Event of Default described in clause (5) under Section 6.01 has occurred and is continuing, the declaration of acceleration of the Notes shall be automatically annulled if the event of default or payment default triggering such Event of Default pursuant to clause (5) shall be remedied or cured, or waived by the holders of the Debt, or the Debt that Seriesgave rise to such Event of Default shall have been discharged in full, within 30 days after the declaration of acceleration with respect thereto and if (1) the annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction and (2) all existing Events of Default, except nonpayment of principal, premium or interest on the Notes that became due solely because of the acceleration of the Notes, have been cured or waived.

Appears in 1 contract

Samples: Supplemental Indenture (Seagate Technology)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4Sections 6.1(8) or (59)) occurs shall have occurred and is be continuing, then the Trustee by written notice to the Company, or the Holders of not less than 25% in aggregate principal amount of the Securities of that Series Notes (including Additional Notes, if any) then outstanding may by written notice to the Company and the Trustee, may Trustee declare that to be immediately due and payable the entire principal amount of all the Securities of that Series Notes then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payableacceleration, in which case such amounts shall become immediately due and payable; PROVIDEDprovided, HOWEVERhowever, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series Notes may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, interest or premium, if any, or interest that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(46.1(8) or (59) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series Notes shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that SeriesNotes.

Appears in 1 contract

Samples: Indenture (McClatchy Co)

Acceleration. If an Event of Default with respect to Securities of any Series at the time outstanding (other than an Event of Default arising under specified in Section 6.1(411(6) or (5)7) as a result of a case or proceeding in which the Company is the subject debtor) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than at least 25% in aggregate principal amount of the Securities of that Series Notes then outstanding may, by written notice to the Company and declare the Trustee, may declare that the entire principal amount of all the Securities of that Series then outstanding plus and accrued and unpaid interest to the date of acceleration are on the Notes then outstanding (if not then due and payable) to be and become due and payable and, upon any such declaration, the same shall be and become due and payable. If an Event of Default specified in Section 11(6) or (7) as a result of a case or proceeding in which the Company is the subject debtor occurs, the principal amount and accrued interest on the Notes then outstanding shall ipso facto become and be immediately due and payablepayable without any declaration or other act on the part of any Holder. Except as otherwise provided in this Agreement, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is obtained by upon payment of the Trustee, the Holders of a majority in aggregate principal amount of and interest, together with any default interest, on the outstanding Securities Notes all of that Series the Company's obligations under the Notes and this Agreement shall terminate. The Majority Holders may rescind and annul such an acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment non-payment of accelerated principalthe principal of, interest or premiumthe Prepayment Premium, if any, that on, the Notes which has become due solely because by such declaration of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principalprincipal or Prepayment Premium, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decreedecree of a court of competent jurisdiction. No such rescission of an acceleration under the preceding sentence shall extend to or affect any subsequent Event of Default or Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Seriesthereon.

Appears in 1 contract

Samples: Note Purchase Agreement (Vector Group LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.