Common use of Article XIV Not to Prevent Defaults or Limit Right to Accelerate Clause in Contracts

Article XIV Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to the Securities by reason of any provision in this Article XIV shall not be construed as preventing the occurrence of a Default. Nothing in this Article XIV shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of the Subordinated Securities.

Appears in 15 contracts

Samples: Subordinated Indenture (Eplus Inc), Subordinated Indenture (Helix Energy Solutions Group Inc), Subordinated Indenture (Enbridge Pipelines (Texas Gathering) L.P.)

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Article XIV Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to the Debt Securities by reason of any provision in this Article XIV shall not be construed as preventing the occurrence of a Default. Nothing in this Article XIV shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of either the Subordinated Debt Securities.

Appears in 3 contracts

Samples: Warren Resources (Warren Resources of California Inc), Warren Resources (Warren Resources of California Inc), Warren Resources of California Inc

Article XIV Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to the Securities Notes by reason of any provision in this Article XIV shall not be construed as preventing the occurrence of a Defaultdefault. Nothing in this Article XIV shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of the Subordinated SecuritiesNotes.

Appears in 1 contract

Samples: First Supplemental Indenture (DCP Midstream Partners, LP)

Article XIV Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to the Securities fulfill any obligation arising under any Guarantee by reason of any provision in this Article XIV shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article XIV shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of the Subordinated Debt Securities.

Appears in 1 contract

Samples: Indenture (ONEOK Partners LP)

Article XIV Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to the Debt Securities by reason of any provision in this Article XIV shall not be construed as preventing the occurrence of a Default. Nothing in this Article XIV shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of the Subordinated Debt Securities.

Appears in 1 contract

Samples: Indenture (Seadrill Partners LLC)

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Article XIV Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to the Securities by reason of any provision in this Article XIV shall not be construed as preventing the occurrence of a Default. Nothing in this Article XIV shall have any effect on the right of the Holders or the Trustee to accelerate the 65 maturity of the Subordinated Securities.

Appears in 1 contract

Samples: Subordinated Indenture (GreenHunter Energy, Inc.)

Article XIV Not to Prevent Defaults or Limit Right to Accelerate. The failure to make a payment pursuant to the Securities by reason of any provision in this Article XIV shall not be construed as preventing the occurrence of a Default. Nothing in this Article XIV shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of the Subordinated Securities.

Appears in 1 contract

Samples: Subordinated Indenture (DXP Enterprises Inc)

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