Common use of No Redemption Upon Acceleration Clause in Contracts

No Redemption Upon Acceleration. Notwithstanding the foregoing, the Company may not redeem the Securities if the Principal Amount of Securities has been accelerated, and such acceleration has not been rescinded on or prior to such Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Securities).

Appears in 2 contracts

Samples: Indenture (Biovail Corp International), Indenture (Biovail Corp International)

AutoNDA by SimpleDocs

No Redemption Upon Acceleration. Notwithstanding the foregoing, the Company may not redeem the Securities if the Principal Amount principal amount of Securities has been accelerated, and such acceleration has not been rescinded rescinded, on or prior to such Redemption Date (except in the case of an acceleration resulting from a Default default by the Company in the payment of the Redemption Price with respect to such Securities).

Appears in 2 contracts

Samples: Indenture (Gold Reserve Inc), Section Indenture (Allergan Inc)

AutoNDA by SimpleDocs

No Redemption Upon Acceleration. Notwithstanding the foregoing, the Company may not redeem the Securities if it failed to pay any interest, and such failure to pay is continuing, or if the Principal Amount principal amount of the Securities has been accelerated, and such acceleration has not been rescinded rescinded, on or prior to such Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Securities)Date.

Appears in 1 contract

Samples: Cash America International Inc

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