Common use of Rescission of Acceleration Clause in Contracts

Rescission of Acceleration. The provisions of Section 7.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of Section 7.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, PROVIDED that at the time such declaration is annulled and rescinded:

Appears in 3 contracts

Samples: Note Agreement (Nash Finch Co), Note Agreement (Nash Finch Co), Note Agreement (Nash Finch Co)

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Rescission of Acceleration. The provisions of Section 7.3 SECTION 6.3 are subject to the condition that if the principal of of, premium, if any, and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (il), inclusive, of Section 7.1SECTION 6.1, the holders of Holders holding 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, PROVIDED that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Purchase Agreement (Crown Pacific Partners L P)

Rescission of Acceleration. The provisions of Section 7.3 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared or have become immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (if), inclusive, of Section 7.16.1, or an Event of Default described in paragraphs (h) through (o), inclusive, of Section 6.1, then the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, Required Holders may by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, ; PROVIDED that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Purchase Agreement (Health Care Reit Inc /De/)

Rescission of Acceleration. The provisions of Section 7.3 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (io), inclusive, of Section 7.16.1, the holders of 66-2/351% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the CompanyObligors, rescind and annul such declaration and the consequences thereof, PROVIDED that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Middleby Corp)

Rescission of Acceleration. The provisions of Section 7.3 6.3 are subject to the condition that if the principal of of, premium, if any, and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (il), inclusive, of Section 7.16.1, the holders of Holders holding 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, PROVIDED that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Purchase Agreement (Crown Pacific Partners L P)

Rescission of Acceleration. The provisions of Section 7.3 subsection 8.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding the Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, and paragraph (l), of Section 7.1subsection 8.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, rescind and annul such declaration and the consequences thereof, PROVIDED provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Purchase Agreement (Outlook Group Corp)

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Rescission of Acceleration. The provisions of Section 7.3 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of Section 7.16.1, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with delivered to the Company, rescind and annul such declaration and the consequences thereof, PROVIDED that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Spartan Stores Inc)

Rescission of Acceleration. The provisions of Section 7.3 SECTION 6.3 are subject to the condition that if the principal of and accrued interest on all or any the outstanding Notes have Note has been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs (a) through (i), inclusive, of Section 7.1Default, the holders of 66-2/3% in aggregate principal amount of the Notes then outstanding holder may, by written instrument filed with notice to the Company, rescind and annul such declaration and the consequences thereof, PROVIDED that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Agreement (Standard Management Corp)

Rescission of Acceleration. The provisions of Section 7.3 6.3 are subject to the condition that if the principal of and accrued interest on all or any outstanding Notes have been declared immediately due and payable by reason of the occurrence of any Event of Default described in paragraphs clause (a) through (i), inclusive(b), (c), (d), (e), (f), (g), (h), (m), (n) or (o) of Section 7.16.1, the holders of 66-at least 66 2/3% in aggregate principal amount of the Notes then outstanding may, by written instrument filed with the Company, may rescind and annul such declaration and the consequences thereof, PROVIDED provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Intertape Polymer Group Inc

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