Common use of Not To Prevent Events of Default or Limit Right To Accelerate Clause in Contracts

Not To Prevent Events of Default or Limit Right To Accelerate. The failure to make a payment of the Bridge Obligations by reason of any provision in this Article 8 shall not be construed as preventing the occurrence of a Default. Nothing in this Article 8 shall have any effect on the right of the Lenders or the Administrative Agent to accelerate the maturity of the Loans or other Bridge Obligations.

Appears in 2 contracts

Sources: Senior Subordinated Bridge B Loan Agreement (Celanese Ag), Senior Subordinated Bridge C Loan Agreement (Celanese Ag)