Common use of Acceleration of Securities Clause in Contracts

Acceleration of Securities. If payment of the Notes is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Indebtedness of the acceleration.

Appears in 8 contracts

Sources: Indenture (Charles River Laboratories Holdings Inc), Indenture (Noveon Inc), Indenture (Condor Systems Inc)

Acceleration of Securities. If payment of the Notes is accelerated because of an Event of Default, the Company Issuers shall promptly notify holders of Senior Indebtedness of the acceleration.

Appears in 3 contracts

Sources: Indenture (Comdisco Holding Co Inc), Indenture (Comdisco Holding Co Inc), Indenture (Comdisco Inc)

Acceleration of Securities. If payment Payment of the Notes is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Indebtedness of the acceleration.

Appears in 3 contracts

Sources: Indenture (Nextwave Personal Communications Inc), Indenture (Nextwave Personal Communications Inc), Indenture (Nextwave Personal Communications Inc)

Acceleration of Securities. If payment of the Notes is accelerated because of an Event of Default, the Company Issuer shall promptly notify holders of Senior Indebtedness of the acceleration.

Appears in 1 contract

Sources: Indenture (Decrane Holdings Co)

Acceleration of Securities. If payment of the Notes is accelerated because of an Event of Default, the Company shall promptly notify holders of Designated Senior Indebtedness of the acceleration.

Appears in 1 contract

Sources: Indenture (Standard Management Corp)

Acceleration of Securities. If payment of the Notes is accelerated because of an Event of Default, the Company or the Trustee shall promptly notify holders of Senior Indebtedness of the acceleration.

Appears in 1 contract

Sources: Indenture (Personal Care Holdings Inc)

Acceleration of Securities. If payment of the Notes is accelerated because of an Event of DefaultDefault or if an Event of Default on the Notes occurs, the Company shall promptly notify holders of Senior Indebtedness of the acceleration.

Appears in 1 contract

Sources: Indenture (Iesi Tx Corp)