Common use of Event of Default Defined; Acceleration of Maturity; Waiver of Default Clause in Contracts

Event of Default Defined; Acceleration of Maturity; Waiver of Default. In case one or more of the following Events of Default (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) shall have occurred and be continuing, that is to say: (a) default in the payment of all or any part of the principal of or premium on any of the Senior Notes as and when the same shall become due and payable, whether at stated maturity, upon any redemption, pursuant to a Net Proceeds offer or a Change of Control offer, by declaration or otherwise; or (b) default in the payment of any installment of interest upon any of the Senior Notes, or any other amount payable under this Indenture, as and when the same shall become due and payable, and continuance of such default for a period of 10 days; or

Appears in 1 contract

Sources: Indenture (Triarc Companies Inc)

Event of Default Defined; Acceleration of Maturity; Waiver of Default. In case of one or more of the following Events of Default (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) shall have occurred and be continuing, that is to say: (a) default in the payment of all or any part of the principal or Change of Control purchase price of, or premium on premium, if any, on, any of the Senior Notes Securities as and when the same shall become due and payable, whether payable either at stated maturity, upon any redemption, pursuant to a Net Proceeds offer redemption or a Change of Control offerrequired repurchase, by declaration of acceleration or otherwise; or; (b) default in the payment of any installment of interest upon any of the Senior Notes, or any other amount payable under this Indenture, Securities as and when the same shall become due and payable, and continuance of such default for a period of 10 30 days; or; (c) an event of default, as defined in any instrument of the Issuer under which there may be issued, or by which there may be secured or evidenced, any Indebtedness of

Appears in 1 contract

Sources: Indenture (NRG Energy Inc)

Event of Default Defined; Acceleration of Maturity; Waiver of Default. In case of one or more of the following Events of Default (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) shall have occurred and be continuing, that is to say: (a) default in the payment of all or any part of the principal or Change of Control purchase price of, or premium on premium, if any, on, any of the Senior Notes Securities as and when the same shall become due and payable, whether payable either at stated maturity, upon any redemption, pursuant to a Net Proceeds offer redemption or a Change of Control offerrequired repurchase, by declaration of acceleration or otherwise; or; (b) default in the payment of any installment of interest upon any of the Senior Notes, or any other amount payable under this Indenture, Securities as and when the same shall become due and payable, and continuance of such default for a period of 10 30 days; or;

Appears in 1 contract

Sources: Indenture (NRG Energy Inc)