Common use of Notice of Acceleration or Rescission Clause in Contracts

Notice of Acceleration or Rescission. Whenever any Note shall be declared immediately due and payable pursuant to paragraph 7A or any such declaration shall be rescinded and annulled pursuant to paragraph 7B, the Partnerships shall forthwith give written notice thereof to the holder of each Note of each Series at the time outstanding.

Appears in 1 contract

Sources: Note Purchase and Private Shelf Facility (Perkins Family Restaurants Lp)

Notice of Acceleration or Rescission. Whenever any Note shall be declared immediately due and payable pursuant to paragraph 7A or any such declaration shall be rescinded and annulled pursuant to paragraph 7B, Electronic or the Partnerships Company shall forthwith give written notice thereof to the holder of each Note of each Series at the time outstanding.

Appears in 1 contract

Sources: Private Shelf Agreement (Zero Corp)