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 of the Credit Parties to make a payment in respect of the Obligations by reason of any provision in this Section 11 shall not be construed as preventing the occurrence of a Default or Event of Default. Nothing in this Section 11 shall have any effect on the right of any Lender to accelerate the maturity of the Obligations.

Appears in 2 contracts

Sources: Mezzanine Credit and Guaranty Agreement (Isola Group Ltd.), Mezzanine Credit and Guaranty Agreement (Isola Group Ltd.)