Common use of Effect of Event of Default Clause in Contracts

Effect of Event of Default. If an Event of Default shall have occurred and be continuing under the Indenture, the principal hereof may be declared, and upon such declaration shall become, due and payable in the manner, with the effect and subject to the conditions provided in the Indenture.

Appears in 30 contracts

Sources: Supplemental Indenture (Frontier Communications Corp), Seventh Supplemental Indenture (Frontier Communications Corp), Global Note (Frontier Communications Corp)

Effect of Event of Default. If an Event of Default shall have occurred and be continuing under the Indenture, the principal hereof may be declared, and upon such declaration shall become, due and payable payable, in the manner, with the effect and subject to the conditions provided in the Indenture.

Appears in 6 contracts

Sources: Indenture (Rite Aid Corp), Indenture (Rite Aid Corp), Indenture (Rite Aid Corp)

Effect of Event of Default. If an Event of Default shall have occurred and be continuing under the Indenture, the principal hereof may be declared, and upon such declaration shall become, declared immediately due and payable in the manner, with the effect and subject to the conditions provided in the Indenture.

Appears in 3 contracts

Sources: Global Note (Eastman Chemical Co), Indenture (Eastman Chemical Co), Indenture (Eastman Chemical Co)