Common use of Rescission of Acceleration Clause in Contracts

Rescission of Acceleration. After acceleration of the maturity of all or any part of the Obligations, if the Borrowers pay all accrued interest and all principal due (other than by reason of the acceleration) and all Events of Default are waived in accordance with SECTION 11.11, the Majority Lenders may elect in their sole discretion, to rescind the acceleration and return to the Borrowers any cash collateral, if any, deposited with the Agent pursuant to SECTION 9.2(c). (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the Borrowers, even if the described conditions for the Majority Lenders' election may be met.)

Rescission of Acceleration. After acceleration of the maturity of all or any part of the Obligations, if the Borrowers pay all accrued interest and all principal due (other than by reason of the acceleration) and all Events of Default are waived in accordance with SECTION Section 11.11, the Majority Required Lenders may elect in their sole discretion, to rescind the acceleration and return to the Borrowers any cash collateral, if any, deposited with the Agent pursuant to SECTION 9.2(c)Section 9.2.3. (This Section is intended only to bind all of the Lenders to a decision of the Majority Required Lenders and not to confer any right on the Borrowers, even if the described conditions for the Majority Required Lenders' election may be met.)

Rescission of Acceleration. After acceleration of the maturity of all or any part of the Obligations, if the Borrowers pay all accrued interest and all principal due (other than by reason of the acceleration) and all Defaults and Events of Default are waived in accordance with SECTION Section 11.11, the Majority Lenders may elect in their sole discretion, to rescind the acceleration and return to the Borrowers any cash collateral, if any, collateral deposited with the Agent pursuant to SECTION Section 9.2(c). (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the Borrowers, even if the described conditions for the Majority Lenders' election may be met.)

Rescission of Acceleration. After acceleration of the maturity of all -------------------------- or any part of the Obligations, if the Borrowers pay Borrower pays all accrued interest and all principal due and any Prepayment Premium (other than by reason of the acceleration) and all Events of Default are waived in accordance with SECTION 11.11, the Majority Lenders may elect in their sole discretion, to rescind the acceleration and return to the Borrowers Borrower any cash collateral, if any, deposited with the Agent pursuant to SECTION 9.2(c)2.6.2(A) or SECTION 4.2. (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the BorrowersBorrower, even if the described conditions for the Majority Lenders' election may be met.)

Rescission of Acceleration. After acceleration of the maturity of all or any part of the Obligations, if the Borrowers pay Borrower pays all accrued interest and all principal due (other than by reason of the acceleration) and all Defaults and Events of Default are waived in accordance with SECTION Section 11.11, the Majority Lenders may elect in their sole discretion, to rescind the acceleration and return to the Borrowers Borrower any cash collateral, if any, collateral deposited with the Agent pursuant to SECTION Section 9.2(c). (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the BorrowersBorrower, even if the described conditions for the Majority Lenders' election may be met.)

Rescission of Acceleration. After acceleration of the maturity of all or any part of the Obligations, if the Borrowers pay all accrued interest and all principal due (other than by reason of the acceleration) and all Events of Default are waived in accordance with SECTION 11.11, the Majority Lenders may elect in their sole discretion, to rescind the acceleration and return to the Borrowers any cash collateral, if any, deposited with the Agent pursuant to SECTION 9.2(c9.2(C). (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the Borrowers, even if the described conditions for the Majority Lenders' election may be met.)

Rescission of Acceleration. After acceleration of the -------------------------- maturity of all or any part of the Obligations, if the Borrowers pay Borrower pays all accrued interest and all principal due (other than by reason of the acceleration) and all Defaults and Events of Default are otherwise remedied or waived in accordance with SECTION Section 11.11, the Majority Lenders may elect in their sole discretion, to rescind the acceleration and direct the Collateral Agent to return to the Borrowers any cash collateral, if any, collateral deposited with the Collateral Agent pursuant to SECTION Section 9.2(c). (This Section is intended only to bind all of the Lenders to a decision of the Majority Lenders and not to confer any right on the BorrowersBorrower, even if the described conditions for the Majority Lenders' election may be met.)