Common use of Acceleration of Securities Clause in Contracts

Acceleration of Securities. If payment of the Securities 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 (Mgi Pharma Inc), Indenture (Bell Microproducts Inc), Indenture (Bell Microproducts Inc)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify Representatives of the holders of senior indebtedness Senior Debt of the Company of the acceleration.

Appears in 3 contracts

Sources: Subordinated Indenture (Iron Mountain Inc/Pa), Subordinated Indenture (Iron Mountain Inc/Pa), Subordinated Indenture (Province Healthcare Co)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of senior indebtedness Senior and Senior Subordinated Debt of the acceleration.

Appears in 2 contracts

Sources: Indenture (Tenet Healthcare Corp), Indenture (Tenet Healthcare Corp)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company Guarantor shall promptly notify holders of senior indebtedness Senior Debt of the acceleration.

Appears in 2 contracts

Sources: Indenture (Cihc Inc), Second Senior Indenture (Cihc Inc)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of senior indebtedness Guarantor Senior Debt of the acceleration.

Appears in 1 contract

Sources: Indenture (L 3 Communications Holdings Inc)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders the Credit Agent and each holder of senior indebtedness Senior Indebtedness of the acceleration.

Appears in 1 contract

Sources: Indenture (Jordan Industries Inc)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company and the Trustee shall promptly notify holders of senior indebtedness Senior Debt of the acceleration.

Appears in 1 contract

Sources: Indenture (Solo Texas, LLC)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of senior indebtedness the Senior Debt of the acceleration.. ARTICLE NINE

Appears in 1 contract

Sources: Note Agreement (Designs Inc)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders the Representatives of senior indebtedness Senior Debt of the acceleration.

Appears in 1 contract

Sources: Indenture (Vegeterian Times Inc)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of senior indebtedness Senior Debt and Guarantor Senior Debt of the acceleration.

Appears in 1 contract

Sources: Indenture (Continental Resources Inc)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of senior indebtedness the Senior Indebtedness of the acceleration.. ARTICLE NINE DISCHARGE OF INDENTURE

Appears in 1 contract

Sources: Indenture (Nbty Inc)

Acceleration of Securities. If payment of the Securities is accelerated because of an Event of Default, the Company Issuers and the Trustee shall promptly notify holders of senior indebtedness Senior Debt of the acceleration.

Appears in 1 contract

Sources: Indenture (World Almanac Education Group Inc)