Notice of Acceleration. Upon receipt by the Collateral Agent of a written notice from any Secured Party which (i) expressly refers to this Agreement, (ii) describes an event or condition which has occurred and is continuing and (iii) expressly states that such event or condition constitutes an Acceleration as defined herein, the Collateral Agent shall promptly notify each other party hereto of the receipt and contents thereof (any such notice is referred to herein as a “Acceleration Notice”).
Notice of Acceleration. (a) Upon receipt of a Notice of Acceleration, the Trustee shall (i) immediately notify Navistar Financial, any co-trustee, each Purchaser, the Concentration Bank, each Proceeds Account Bank and each insurance company that has issued an insurance policy naming the Trustee as an additional named insured, loss payee, beneficiary or otherwise in accordance with Section 4.06 (provided that Navistar Financial shall have notified, and hereby agrees to notify, the Trustee of the proper address, or facsimile number for such each such notice) of the receipt and contents thereof and (ii) within ten days thereafter, notify each Secured Party thereof. So long as such Notice of Acceleration is in effect, the Trustee shall exercise the rights and remedies provided in this Article. The Trustee is not empowered to exercise any remedy hereunder unless a Notice of Acceleration is in effect.
Notice of Acceleration. If the maturity of any Note shall be accelerated as provided in Section 7.1, the Company will give written notice thereof to the holders of all outstanding Notes within one business day.
Notice of Acceleration. If payment of the Notes is ---------------------- accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness or the trustee or representative of such holders of the acceleration. The Company may not make any payment on the Notes that would be prohibited by paragraph (b) of Section 11.1 until five Business Days after such holders, trustee or representative of the Designated Senior Indebtedness receives notice of such acceleration and, thereafter, may make such payment on the Notes only if the subordination provisions hereof otherwise permit payment at such time.
Notice of Acceleration. Immediately upon the Company's becoming aware that the holder of any bond, debenture, promissory note (including any note other than this Note issued by the Company in favor of Payee or issued pursuant to Amendment No. 1 to the Agreement ("Other Notes")) or any similar evidence of indebtedness of the Company or any Material Subsidiary has demanded payment, given notice or taken any other action with respect to a claimed Event of Default under any Other Note or claimed default in respect of or under such bond, debenture or promissory note, a written notice specifying the demand made, notice given or action taken by such holder and the nature and status of the claimed Event of Default or default Appendix A and what action the Company is taking with respect thereto.
Notice of Acceleration. Whenever Mortgagee in this Mortgage is given the option to accelerate the maturity of all or part of the Obligation upon a Default, Mortgagee may, to the extent permitted by law, do so without prior notice or demand to or upon Mortgagor except as otherwise specifically provided herein.
Notice of Acceleration. In the event that, without the prior written consent of DOT, the Bank declares all or any part of the Borrower’s indebtedness under the Loan to be immediately due and payable or to be due and payable upon the demand of the Bank, then DOT shall have the right to terminate the Guarantee with respect to all or a portion of the Guaranteed Amount. The automatic acceleration of the Loan or any Note as a result of a bankruptcy or insolvency event does not constitute such an event. Any termination of the Guarantee by DOT shall be deemed effective as of the date of the declaration by the Bank.
Notice of Acceleration. Subject to the terms of this Agreement, each of the First Lien Administrative Agent and the Second Lien Administrative Agent shall endeavor to provide advance notice to each other of an acceleration of any Obligations in respect of the First Lien Obligations or the Second Lien Obligations, as the case may be (other than with respect to any automatic accelerations thereunder); provided, however, neither party’s failure to give such notice under this Section 7.06 shall (i) create any claim or cause of action on the part of the other party against the party failing to give such notice for any reason whatsoever or (ii) impair the effectiveness of any such acceleration. Nothing contained in this Section 7.06 shall limit, restrict, alleviate, or amend any notice requirement otherwise provided in this Agreement or otherwise required under applicable law.
Notice of Acceleration. Upon the occurrence and during the continuance of any Event of Default other than an Event of Default described in Condition 7.3 or 7.4, the holders of not less than a majority of the aggregate principal amount of the Notes at the time outstanding may at any time at their option, by notice or notices to the Issuer, declare an Acceleration with respect to the Notes.
Notice of Acceleration. 67 SECTION 12.06.
