Common use of ACCELERATION AND LIQUIDATION Clause in Contracts

ACCELERATION AND LIQUIDATION. 14-1. ACCELERATION NOTICES (a) The Administrative Agent may give the Collateral Agent and Revolving Credit Lenders an Acceleration Notice at any time following the occurrence and continuance of an Event of Default.

ACCELERATION AND LIQUIDATION. 1413-1. ACCELERATION NOTICES NOTICES (a) The Administrative Agent may give the Collateral Agent and Revolving Credit Lenders an Acceleration Notice at Notice: (i) At any time following the occurrence and continuance of an Event of Default which consists of a Payment Default.