Acceleration Event of Default definition

Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

Acceleration Event of Default has the meaning set forth in the Indenture.

Acceleration Event of Default means any “Event of Default” specified in Sections 5.1(4)-(6) of the Indenture.

Examples of Acceleration Event of Default in a sentence

• In case an Acceleration Event of Default shall have occurred and be continuing, upon demand of the Trustee, the principal of all of the Debentures shall become due and payable in the manner, with the effect and subject to the conditions provided in the Indenture.

• Except as otherwise expressly provided in the Indenture, holders of the Subordinated Bonds shall not be entitled to enforce their rights and remedies under the Indenture following the occurrence of an Event of Default or an Acceleration Event of Default pursuant to the provisions of the Indenture unless, and only to the extent that, holders of the Senior Bonds and the Junior Bonds shall have enforced their rights and remedies pursuant to the Indenture.

• The Debenture Issuer has the right under the Indenture to defer payments of interest on the Debentures, so long as no Acceleration Event of Default has occurred and is continuing, by extending the interest payment period for up to 20 consecutive quarterly periods (each an “Extension Period”) at any time and from time to time on the Debentures, subject to the conditions described below, during which Extension Period no interest shall be due and payable.

• Except as otherwise expressly provided in the Indenture, holders of the Junior Bonds shall not be entitled to accelerate or enforce their rights and remedies under the Indenture following the occurrence of an Event of Default or an Acceleration Event of Default pursuant to the provisions of the Indenture unless, and only to the extent that, holders of the Senior Bonds shall have enforced their rights and remedies pursuant to the Indenture or no Senior Bonds are outstanding.

• The Debenture Issuer has the right under the Indenture to defer payments of interest on the Debentures, so long as no Acceleration Event of Default has occurred and is continuing, by extending the interest payment period for up to 20 consecutive quarterly periods (each an "Extension Period") at any time and from time to time on the Debentures, subject to the conditions described below, during which Extension Period no interest shall be due and payable.

More Definitions of Acceleration Event of Default

Acceleration Event of Default has the meaning set forth in the -------------------------------- Indenture.

Acceleration Event of Default means any “Event of Default” specified in Sections 5.1(4) – (6) of the Indenture.

Acceleration Event of Default means an event described in Sections 5.1(4)-(6).

Acceleration Event of Default has the meaning set forth in Section 5.01.

Acceleration Event of Default means, with respect to Debt Securities of a particular series, any event specified in clauses (1) through (6) of

Acceleration Event of Default has the meaning set forth in the Indenture. “Additional Interest” has the meaning set forth in the Indenture. “Administrative Action” has the meaning set forth in paragraph 4(a) of Annex I. “Administrators” means each of Xxxxx Xxxxxxxxxx and Xxxxxxx Xxxxxxx, solely in such Person’s capacity as Administrator of the Trust created and continued hereunder and not in such Person’s individual capacity, or such Administrator’s successor in interest in such capacity, or any successor appointed as herein provided.

Acceleration Event of Default means any “Event of Default” specified in clauses (iv) through (vi) of Section 5.01 of the Indenture.