Common use of Acceleration of Advances Clause in Contracts

Acceleration of Advances. Notwithstanding anything in Section 8.2(a) of the Revolving Credit Agreement or the Term Credit Agreement to the contrary, Revolving Advances and Term Loan Advances and all other amounts owed under the Revolving Loan Documents and Term Loan Documents may not be declared due and payable without the prior consent of the Required Lenders.

Appears in 2 contracts

Sources: Term Credit Agreement (Pillowtex Corp), Credit Agreement (Pillowtex Corp)