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 Issuer shall promptly notify the holders of Senior Debt of the Issuer of the acceleration.

Appears in 2 contracts

Sources: Note Agreement (Affinion Group, Inc.), Indenture (Affinion Loyalty Group, Inc.)

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

Appears in 2 contracts

Sources: Indenture (Cablevision Systems Corp /Ny), Indenture (Rainbow Media Enterprises, Inc.)

Acceleration of Securities. If payment of the Notes is accelerated because of an Event of Default, the Issuer shall promptly notify the holders of Senior Debt of the Issuer and their respective Representatives (if any) of the acceleration.

Appears in 1 contract

Sources: Indenture (Affinion Group, Inc.)

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

Appears in 1 contract

Sources: Indenture (Experience Management LLC)

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 Issuer Company shall promptly notify the holders of Senior Debt of the Issuer of the acceleration.

Appears in 1 contract

Sources: Indenture (American Seafoods Inc)

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

Appears in 1 contract

Sources: Note Purchase Agreement (Impac Group Inc /De/)

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

Appears in 1 contract

Sources: Note Purchase Agreement (Impac Group Inc /De/)

Acceleration of Securities. If payment of the Notes is accelerated because of an Event of Default, the Issuer shall promptly notify the holders Representative of the Designated Senior Debt of the Issuer of the such acceleration.

Appears in 1 contract

Sources: Indenture (Meritage Homes CORP)

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

Appears in 1 contract

Sources: Indenture (National Credit & Guaranty CORP)