Notice of Event of Default; Acceleration Sample Clauses

Notice of Event of Default; Acceleration. If an Event of Default (other than an Event of Default specified in Sections 6.01(b)(iv), (f) and (g) above) occurs and is continuing, the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Notes may declare all unpaid principal of and accrued interest on all Notes to be due and payable immediately, by delivering a notice in writing to the Issuer and the Guarantors, and upon any such declaration such amounts will become due and payable immediately. If an Event of Default specified in clauses (f) or (g) above occurs, then the principal of and accrued interest on all Notes will become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. If an Event of Default specified in Section 6.01(b)(iv) has occurred and is continuing, the Holders of not less than 25% in principal amount of the Outstanding Notes or the Trustee (acting at the instruction of such Holders) may declare all unpaid principal of and accrued interest on all Notes to be due and payable immediately, by mailing a notice in writing to the Issuer and the Guarantors, and upon any such declaration such amounts will become due and payable immediately; provided, that (A) for the avoidance of doubt, the notice given to declare the Event of Default may be provided simultaneously with and in the same document as the notice to declare all unpaid principal of and accrued interest on all Notes due and payable and (B) the notice given to declare the Event of Default and the notice to declare all unpaid principal of and accrued interest on all Notes due and payable must be given no later than nine (9) months after the date of the Relevant Resolution Notice (unless otherwise extended in writing by the Company), or otherwise will be deemed invalid for all purposes. At any time after a declaration of acceleration has been made and before a judgment or decree for payment of the money due has been obtained by any Holder, the Holders of a majority in principal amount of the Outstanding Notes by written notice to the Issuer may rescind or annul such declaration if:
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Notice of Event of Default; Acceleration. (a) Each of the following events will constitute an “Event of Default” with respect to any Series of Bonds:
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Notice of Event of Default; Acceleration. The Trustee shall give to all the Registered Owners, the Corporation, each Indenture Agent, each Credit Facility Provider, each Liquidity Facility Provider and each Surety Provider notice of each Event of Default hereunder known by a trust officer in the corporate trust department of the Trustee within 90 days after actual knowledge of the occurrence thereof, unless such Event of Default shall have been remedied or cured before the giving of such notice; provided, that, the Trustee shall be protected in withholding such notice from the Registered Owners if and so long as the board of directors, the executive committee, or a trust committee of directors or responsible officers of the Trustee in good faith determines that the withholding of such notice is in the interest of the Registered Owners. The Trustee shall be deemed to have actual knowledge of any Event of Default under Section 10.01(a) and (b) and any other Event of Default for which an Indenture Agent, a Credit Facility Provider, a Liquidity Facility Provider or a Registered Owner has provided the Trustee with written notice of such Event of Default. Each such notice of Event of Default shall be given by the Trustee by mailing written notice thereof: (a) to all Registered Owners of Notes, as the names and addresses of such Registered Owners appear upon the books for registration and transfer of Notes as kept by the Trustee, and (b) to such other persons, at the addresses given herein or in the related Supplemental Indenture. The Trustee shall give to all Registered Owners, the Corporation, each Indenture Agent, each Credit Facility Provider, each Liquidity Facility Provider and each Surety Provider notice of acceleration of a Series of Notes as soon as possible, but in any event no later than the second Business Day after an acceleration.
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Related to Notice of Event of Default; Acceleration

  • Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default known to the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

  • Events of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders of the Capital Securities and the Guarantor, notices of all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, however, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Capital Securities.

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

  • Termination Upon Event of Default If Foothill terminates this Agreement upon the occurrence of an Event of Default, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of Foothill's lost profits as a result thereof, Borrower shall pay to Foothill upon the effective date of such termination, a premium in an amount equal to the Early Termination Premium. The Early Termination Premium shall be presumed to be the amount of damages sustained by Foothill as the result of the early termination and Borrower agrees that it is reasonable under the circumstances currently existing. The Early Termination Premium provided for in this Section 3.7 shall be deemed included in the Obligations.

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • Event of Default Defined Acceleration of Maturity; Waiver of Default. "Event of Default" with respect to Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such 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):

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