Common use of Annulment of Acceleration Clause in Contracts

Annulment of Acceleration. If payment on the Loans and any Note is accelerated in accordance with Section 8.2 of this Agreement, then and in every such case, the Agent may (and upon the written instructions of the Requisite Lenders shall), by an instrument delivered to Borrowers' Representative annul such acceleration and the consequences thereof, provided, that at the time such acceleration is annulled:

Appears in 1 contract

Samples: Credit Agreement (Lexington Corporate Properties Trust)

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Annulment of Acceleration. If payment on the Loans and any Note is accelerated in accordance with Section 8.2 8.1 of this Agreement, then and in every such case, the Agent may (and upon the written instructions of the Requisite Lenders shall), by an instrument delivered to Borrowers' Representative Agent annul such acceleration and the consequences thereof, provided, that at the time such acceleration is annulled:

Appears in 1 contract

Samples: Revolving Credit Agreement (Lexington Corporate Properties Inc)

Annulment of Acceleration. If payment on the Loans and any Note is accelerated in accordance with Section 8.2 of this Agreement, then and in every such case, the Agent may (and but only upon the written instructions of the Requisite Lenders shallLenders), by an instrument delivered to Borrowers' Representative annul such acceleration and the consequences thereof, provided, that at the time such acceleration is annulled:

Appears in 1 contract

Samples: Senior Unsecured Revolving Credit Agreement (Lexington Corporate Properties Trust)

Annulment of Acceleration. If payment on the Loans Loan and any the Note is accelerated in accordance with Section 8.2 of this Agreement, then and in every such case, the Agent Lender may (and upon the written instructions of the Requisite Lenders shall), by an instrument delivered to Borrowers' Representative Borrower annul such acceleration and the consequences thereof, provided, provide that at the time such acceleration is annulled:

Appears in 1 contract

Samples: Secured Term Loan Agreement (Net 2 L P)

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Annulment of Acceleration. If payment on the Loans and any Note is accelerated in accordance with Section 8.2 of this Agreement, then and in every such case, the Agent Lender may (and upon the written instructions of the Requisite Lenders shall), by an instrument delivered to Borrowers' Representative annul such acceleration and the consequences thereof, provided, that at the time such acceleration is annulled:

Appears in 1 contract

Samples: Unsecured Revolving Credit Agreement (Lexington Corporate Properties Trust)

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