Acceleration of Payment of Debt Securities Sample Clauses

Acceleration of Payment of Debt Securities. If payment of the Subordinated Debt Securities is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness (or their Representatives) of the acceleration.
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Acceleration of Payment of Debt Securities. If payment of the Subordinated Debt Securities is accelerated when any Designated Senior Indebtedness is outstanding, the Company may not pay the Subordinated Debt Securities until three Business Days after the Representatives of all issues of Designated Senior Indebtedness receive notice of such acceleration and, thereafter, may pay the Subordinated Debt Securities only if the Indenture otherwise permits payment at that time.
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Acceleration of Payment of Debt Securities. The Company or the Trustee shall promptly notify holders of Designated Senior Indebtedness if payment of the Debt Securities is accelerated because of an Event of Default.
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Acceleration of Payment of Debt Securities. If payment of the Debt Securities is accelerated because of an Event of Default, each Guarantor shall promptly notify the holders of the Designated Guarantor Senior Indebtedness of such Guarantor (or their Representatives) of the acceleration.
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Acceleration of Payment of Debt Securities. 83 SECTION 12.05. When Distribution Must Be Paid Over.....................................................83 SECTION 12.06. Subrogation.............................................................................83 SECTION 12.07. Relative Rights.........................................................................83 SECTION 12.08. Subordination May Not Be Impaired by Issuers............................................84 SECTION 12.09. Rights of Trustee and Paying Agent......................................................84 SECTION 12.10. Distribution or Notice to Representative................................................85 SECTION 12.11. Article XII Not to Prevent Defaults or Limit Right to Accelerate........................85 SECTION 12.12. Trust Moneys Not Subordinated...........................................................85 SECTION 12.13. Trustee Entitled to Rely................................................................85 SECTION 12.14.
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Related to Acceleration of Payment of Debt Securities

  • Payment of Debt Securities Called for Redemption If notice of redemption has been given as provided in Section 3.02, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due and payable on the date and at the Place or Places of Payment stated in such notice at the applicable redemption price, together with any interest accrued to the date fixed for redemption, and on and after said date (unless the Issuers shall default in the payment of such Debt Securities at the applicable redemption price, together with any interest accrued to said date) any interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease to accrue, and any original issue discount in the case of Original Issue Discount Securities shall cease to accrue. On presentation and surrender of such Debt Securities at the Place or Places of Payment in said notice specified, the said Debt Securities or the specified portions thereof shall be paid and redeemed by the Issuers at the applicable redemption price, together with any interest accrued thereon to the date fixed for redemption. Any Debt Security that is to be redeemed only in part shall be surrendered at the Place of Payment with, if the Issuers, the Registrar or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Issuers, the Registrar and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing, and the Issuers shall execute, and the Trustee shall authenticate and deliver to the Holder of such Debt Security without service charge, a new Debt Security or Debt Securities of the same series, of like tenor and form, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Debt Security so surrendered; except that if a Global Security is so surrendered, the Issuers shall execute, and the Trustee shall authenticate and deliver to the Depositary for such Global Security, without service charge, a new Global Security in a denomination equal to and in exchange for the unredeemed portion of the principal of the Global Security so surrendered. In the case of a Debt Security providing appropriate space for such notation, at the option of the Holder thereof, the Trustee, in lieu of delivering a new Debt Security or Debt Securities as aforesaid, may make a notation on such Debt Security of the payment of the redeemed portion thereof.

  • Acceleration of Payment Notwithstanding anything to the contrary contained in this Agreement, the Committee shall have the right, at any time in its sole discretion, to accelerate the time of a payment under this Agreement to a time otherwise permitted under Section 409A in accordance with the requirements, restrictions and limitations of Treasury Regulation Section 1.409A-3(j).

  • Redemption of Debt Securities Section 3.01 Applicability of Article 16 Section 3.02 Notice of Redemption; Selection of Debt Securities 16 Section 3.03 Payment of Debt Securities Called for Redemption 17 Section 3.04 Mandatory and Optional Sinking Funds 18 Section 3.05 Redemption of Debt Securities for Sinking Fund 18

  • Denomination of Debt Securities Unless otherwise provided in the form of Debt Security for any series, the Debt Securities of each series shall be issuable only as fully registered Debt Securities in such Dollar denominations as shall be specified or contemplated by Section 2.03. In the absence of any such specification with respect to the Debt Securities of any series, the Debt Securities of such series shall be issuable in denominations of $1,000 and any integral multiple thereof.

  • Acceleration of Notes If payment of the Notes is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Debt of the acceleration.

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