Common use of ACCELERATION NOTICES Clause in Contracts

ACCELERATION NOTICES. The SuperMajority Lenders may give the Agent an Acceleration Notice at any time following the occurrence of an Event of Default. Such notice may be by multiple counterparts, PROVIDED THAT counterparts executed by the requisite Lenders are received by the Agent within a period of five (5) consecutive Business Days.

Appears in 1 contract

Sources: Loan and Security Agreement (Lechters Inc)

ACCELERATION NOTICES. The SuperMajority Lenders may give the Agent an Acceleration Notice at any time following the occurrence of an Event of Default. Such notice may be by multiple counterparts, PROVIDED THAT provided that counterparts executed by the requisite Lenders are received by the Agent within a period of five (5) consecutive Business Days.. 14.2 Acceleration Notice by the Tranche B Lender. ------------------------------------------- The Tranche B Lender may give the Agent an Acceleration Notice as follows:

Appears in 1 contract

Sources: Loan and Security Agreement (Lechters Inc)