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 pursuant to the Securities by reason of any provision in this Article XI shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article XI shall have any effect on the right of the Securityholders or the Trustee to accelerate the maturity of the Securities.

Appears in 2 contracts

Sources: Indenture (NSM Steel Co LTD), Indenture (NSM Steel Co LTD)

Not To Prevent Events of Default or Limit Right To Accelerate. The failure to ----------------------------------------------------------------------- make a payment pursuant to the Securities by reason of any provision in this Article XI X shall not be construed as preventing the occurrence of a Default or an Event of Default. Nothing in this Article XI X shall have any effect on the right of the Securityholders or the Trustee to accelerate the maturity of the Securities.

Appears in 1 contract

Sources: Indenture (Harborside Healthcare Corp)

Not To Prevent Events of Default or Limit Right To Accelerate. The failure to make a payment pursuant to the Securities by reason of any provision in this Article XI XIII shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article XI XIII shall have any effect on the right of the Securityholders Holders or the Trustee to accelerate the maturity of the Securities.

Appears in 1 contract

Sources: Subordinated Indenture (Teligent Inc)

Not To Prevent Events of Default or Limit Right To Accelerate. The failure to make a payment pursuant to in respect of the Securities by reason of any provision in this Article XI X shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article XI X shall have any effect on the right of the Securityholders or the Trustee to accelerate the maturity of the Securities.

Appears in 1 contract

Sources: Indenture (Selfix Inc /De/)

Not To Prevent Events of Default or Limit Right To Accelerate. The failure to make a payment pursuant to the Securities by reason of any provision in this Article XI shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Article XI shall have any effect on the right of the Securityholders Holders of Securities or the Trustee to accelerate the maturity of the Securities.

Appears in 1 contract

Sources: Indenture (Macerich Co)