Common use of Article XII Not To Prevent Events of Default or Limit Right To Accelerate Clause in Contracts

Article XII Not To Prevent Events of Default or Limit Right To Accelerate. The failure of a Subsidiary Guarantor to make a payment on any of its Obligations by reason of any provision in this Article XII shall not be construed as preventing the occurrence of a default by such Subsidiary Guarantor under its Obligations. Nothing in this Article XII shall have any effect on the right of the Securityholders or the Trustee to make a demand for payment on a Subsidiary Guarantor pursuant to Article XI.

Appears in 1 contract

Samples: Mexican Cellular Investments Inc

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Article XII Not To Prevent Events of Default or Limit Right To Accelerate. The failure of a Guarantor Subsidiary Guarantor to make a payment on any of its Obligations by reason of any provision in this Article XII shall not be construed as preventing the occurrence of a default by such Guarantor Subsidiary Guarantor under its Obligations. Nothing in this Article XII shall have any effect on the right of the Securityholders or the Trustee to make a demand for payment on a Guarantor Subsidiary Guarantor pursuant to Article XIXII.

Appears in 1 contract

Samples: Richmont Marketing Specialists Inc

Article XII Not To Prevent Events of Default or Limit Right To Accelerate. The failure ------------------------------------------------------------------------- of a Subsidiary Guarantor to make a payment on any of its Obligations under its Security Guarantee by reason of any provision in this Article XII shall not be construed as preventing the occurrence of a default by such Subsidiary Guarantor under its ObligationsSecurity Guarantee. Nothing in this Article XII shall have any effect on the right of the Securityholders or the Trustee to make a demand for payment on a Subsidiary Guarantor pursuant to Article XIXII.

Appears in 1 contract

Samples: Indenture (Harborside Healthcare Corp)

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Article XII Not To Prevent Events of Default or Limit Right To Accelerate. The failure of a Guarantor Subsidiary Guarantor to make a payment on any of its Obligations by reason of any provision in this Article XII shall not be construed as preventing the occurrence of a default by such Guarantor Subsidiary Guarantor under its Obligations. Nothing in this Article XII shall have any effect on the right of the Securityholders or the Trustee to make a demand for payment on a Guarantor Subsidiary Guarantor pursuant to Article XI.

Appears in 1 contract

Samples: Neenah Foundry Co

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