Common use of Not To Prevent Events of Default or Limit Right To Accelerate Clause in Contracts

Not To Prevent Events of Default or Limit Right To Accelerate. The failure to make a payment in respect of the Securities by reason of any provision in this Article 7 shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article 7 shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of the Securities.

Appears in 1 contract

Sources: Indenture (Homco Puerto Rico Inc)

Not To Prevent Events of Default or Limit Right To Accelerate. The failure to make a payment in respect of relating to the Securities Guarantee Obligations by reason of any provision in this Article 7 14 shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article 7 14 shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of the Securities.

Appears in 1 contract

Sources: Indenture (Actuant Corp)

Not To Prevent Events of Default or Limit Right To Accelerate. The failure to make a payment in respect of the Securities by reason of any provision in this Article 7 12 shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article 7 12 shall have any effect on the right of the Holders or the Trustee to enforce any Subsidiary Guarantee or to accelerate the maturity of the Securities.

Appears in 1 contract

Sources: Indenture (Homco Puerto Rico Inc)