Acceleration of the Notes Sample Clauses

Acceleration of the Notes. ‌ (a) Upon the occurrence of an Event of Default which is continuing, the Agent is entitled to, and shall following an instruction given pursuant to Clause 12.11(d), on behalf of the Noteholders (i) by notice to the Issuer, declare all, but not some only, of the outstanding Notes due and payable together with any other amounts payable under the Finance Documents, immediately or at such later date as the Agent determines, and (ii) exercise any or all of its rights, remedies, powers and discretions under the Finance Documents. (b) The Agent may not accelerate the Notes in accordance with Clause 12.11(a) by reference to a specific Event of Default if it is no longer continuing or if it has been decided, on a Noteholders Meeting or by way of a Written Procedure, to waive such Event of Default (temporarily or permanently). (c) The Agent shall notify the Noteholders of an Event of Default within ten (10) Business Days of the date on which the Agent received actual knowledge of that an Event of Default has occurred and is continuing. The Agent shall, within twenty (20) Business Days of the date on which the Agent received actual knowledge of that an Event of Default has occurred and is continuing, decide if the Notes shall be so accelerated. If the Agent decides not to accelerate the Notes, the Agent shall promptly seek instructions from the Noteholders in accordance with Clause 17 (Decisions by Noteholders). The Agent shall always be entitled to take the time necessary to consider whether an occurred event constitutes an Event of Default. (d) If the Noteholders instruct the Agent to accelerate the Notes, the Agent shall promptly declare the Notes due and payable and take such actions as may, in the opinion of the Agent, be necessary or desirable to enforce the rights of the Noteholders under the Finance Documents, unless the relevant Event of Default is no longer continuing. (e) If the right to accelerate the Notes is based upon a decision of a court of law or a government authority, it is not necessary that the decision has become enforceable under law or that the period of appeal has expired in order for cause of acceleration to be deemed to exist.

Acceleration of the Notes. Upon the occurrence and ------------------------- continuance of any Event of Default, ZCC III may, by giving written notice to the Debtor, accelerate and declare immediately due and payable the outstanding principal balance of, and interest accrued thereon at the applicable rate of interest specified in the Series B Purchase Notes, all of the Series B Purchase Notes, and such principal and interest shall thereupon be immediately due and payable without presentment, demand, protest or notice of any other kind, all of which are hereby waived by the Debtor to the fullest extent permitted by law; provided, however, such acceleration shall occur automatically and without notice in the event of the occurrence of the Events of Default specified in paragraphs (f), (g), (h) or (i) of Section 9.1.

Acceleration of the Notes. In the event that any Notes are declared due and payable before their Stated Maturity, then and in such event the holders of Senior Indebtedness shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Indebtedness or provision shall be made for such payment in cash, before the Holders of the Notes are entitled to receive any payment (including any payment which may be payable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the Notes) by the Company on account of the principal of, premium, if any, Additional Amounts, if any or interest on the Notes or on account of the purchase or other acquisition of Notes; provided, that any money deposited pursuant to Section 4.01 of the Base Indenture not in violation of the Indenture shall not be subject to the claims of holders of Senior Indebtedness. In the event that, notwithstanding the forgoing, the Company shall make any payment to the Trustee or the Holder of any Note prohibited by the foregoing provisions of this Section, and if such fact shall, at or prior to the time of such payment, have been made known to a Responsible Officer of the Trustee in writing or, as the case may be, such Holder, then and in such event such payment shall be paid over and delivered forthwith to the Company.

Acceleration of the Notes. The Company, the Subsidiary Guarantors and the Trustee shall promptly notify holders of Senior Indebtedness of the issuance by the Trustee or the receipt of an acceleration notice following an Event of Default, whereupon the Trustee shall promptly notify the holders of Designated Senior Indebtedness of such acceleration notice, provided that failure to give such notice shall not affect the subordination of the Notes to the Senior Indebtedness as provided in this Article Fourteen.

Acceleration of the Notes. The following shall constitute an Additional Termination Event in which Party B shall be the sole Affected Party: Any acceleration of the Notes outstanding occurs following an event of default under the Indenture.

Acceleration of the Notes. The Bank may declare the Notes in the event of a Greystone Event of Default or the GLOG Note in the event of a GLOG Event of Default to be immediately due and payable, at which time the same will be due and payable and the Bank will be entitled to proceed selectively and successively to enforce the Bank's rights under the Notes or GLOG Note, respectively, the Loan Documents, or any of the other documents securing the payment of the Notes or GLOG Note, respectively, without limitation.

Acceleration of the Notes. ‌ 16.1 Subject to the Intercreditor Agreement, the Agent is entitled to, and shall following a demand in writing from a Noteholder (or Noteholders) representing at least fifty (50)‌ per cent. of the Adjusted Nominal Amount (such demand may only be validly made by a person who is a Noteholder on the Business Day immediately following the day on which the demand is received by the Agent and shall, if made by several Noteholders, be made by them jointly) or following an instruction given pursuant to Clause 16.5, on behalf of the Noteholders (i) by notice to the Issuer, declare all, but not some only, of the outstanding Notes due and payable together with any other amounts payable under the Finance Documents, immediately or at such later date as the Agent determines, and (ii) exercise any or all of its rights, remedies, powers and discretions under the Finance Documents, if: (a) The Issuer or a Guarantor fails to pay an amount on the date it is due in accordance with the Finance Documents unless its failure to pay: (i) is caused by technical or administrative error; and (ii) is remedied within five (5) Business Days from the due date. (b) The Issuer fails to comply with (i) the Leverage Maintenance Test, except to the extent remedied in accordance with the Equity Cure, or (ii) the Liquidity Maintenance Test, except to the extent remedied in accordance with the Liquidity Cure, or if the Issuer fails to deliver a Liquidity Maintenance Test Compliance Certificate on or before any Liquidity Maintenance Covenant Test Date. (c) Any Group Company (or any Shareholder (as defined in the Intercreditor Agreement)) fails to comply with or in any other way acts in violation of the Finance Documents to which such non-compliant entity is a party, in any other way than as set out in paragraph (a) and (b) above, unless the non-compliance: (i) is capable of remedy; and (ii) is remedied within fifteen (15) Business Days of the earlier of the Agent giving notice and the relevant Group Company becoming aware of the non-compliance. (d) It becomes impossible or unlawful for the Issuer or any other Group Company to fulfil or perform any of the provisions of the Finance Document or the Security created or expressed to be created thereby is varied or ceases to be effective and such invalidity, ineffectiveness or variation has a detrimental effect on the interests of the Noteholders. (i) Any Financial Indebtedness of a Group Company is not paid when due nor within any originally applicab...

Acceleration of the Notes. (a) If an Event of Default with respect to American Water Works or the Company described in paragraph (e) or (f) of Section 11 has occurred, all the Notes then outstanding shall automatically become immediately due and payable. (a) If any other Event of Default described in Section 11 has occurred and is continuing with respect to a series of Notes, any holder or holders of more than 50% in principal amount of such series of Notes at the time outstanding may at any time at its or their option, by notice or notices to the Company and American Water Works, declare all the Notes of such series then outstanding to be immediately due and payable. (b) If any Event of Default described in paragraph (a) or (b) of Section 11 has occurred and is continuing with respect to a series of Notes, any holder or holders of such series of Notes at the time outstanding affected by such Event of Default may at any time, at its or their option, by notice or notices to the Company and American Water Works, declare all the Notes of such series held by it or them to be immediately due and payable. Upon any Notes becoming due and payable under this Section 12.1, whether automatically or by declaration, such Notes will forthwith mature and the entire unpaid principal amount of such Notes, plus (i) all accrued and unpaid interest thereon and (ii) the Make-Whole Amount determined in respect of such principal amount (to the full extent permitted by applicable law), shall all be immediately due and payable, in each and every case without presentment, demand, protest or further notice, all of which are hereby waived. American Water Works and the Company acknowledge, and the parties hereto agree, that each holder of a Note has the right to maintain its investment in the Notes free from repayment by the Company (except as herein specifically provided for) and that the provision for payment of a Make-Whole Amount by the Company in the event that the Notes are prepaid or are accelerated as a result of an Event of Default, is intended to provide compensation for the deprivation of such right under such circumstances.

Acceleration of the Notes. ‌ 12.1 The Agent is entitled to, and shall following an instruction given pursuant to Clause 12.4, on behalf of the Noteholders (i) by notice to the Issuer, declare all, but not some only, of the outstanding Notes due and payable together with any other amounts payable under the Finance Documents, immediately or at such later date as the Agent determines, and (ii) exercise any or all of its rights, remedies, powers and discretions under the Finance Documents, if: (a) the Issuer fails to pay an amount on the date it is due in accordance with the Finance Documents, unless the non-payment: (i) is caused by a technical or administrative error; and (ii) is remedied within five (5) Business Days from the due date; (b) the Issuer fails to comply with or in any other way acts in violation of other contractual obligations, applicable to it under the Finance Documents (other than those terms referred to in paragraph (a) above), unless the non-compliance (i) is capable of remedy; and (ii) is remedied within twenty (20) Business Days of the earlier of the Agent giving notice or the Issuer becoming aware of the non-compliance; (c) any Notes becomes invalid, ineffective or varied (other than in accordance with the provisions of the Finance Documents), and such invalidity, ineffectiveness or variation is materially prejudicial to the interests of the Noteholders; (d) any Material Group Company is, or is deemed for the purposes of any applicable law to be, Insolvent; (e) any attachment, sequestration, distress or execution, or any analogous process in any jurisdiction, affects any asset of any Material Group Company having an aggregate value equal to or exceeding SEK 15,000,000 and is not discharged within thirty (30) calendar days; (f) any Financial Indebtedness of a Material Group Company is not paid when due as extended by any originally applicable grace period or is declared to be or otherwise become due and payable prior to its specified maturity as a result of an event of default (howsoever described) under any document relating to Financial Indebtedness of a Material Group Company, or any security interest securing Financial Indebtedness over any asset of any Material Group Company is enforced, provided that no Event of Default will occur under this paragraph (d) if the aggregate amount of Financial Indebtedness individually or in the aggregate exceeds an amount corresponding to SEK 25,000,000 and provided that this cross acceleration provision does not apply to an...