Common use of Notice of Acceleration Clause in Contracts

Notice of Acceleration. If payment of the Notes is ---------------------- accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the holders of the Designated Senior Indebtedness or the trustee or representative of such holders of the acceleration. The Company may not make any payment on the Notes that would be prohibited by paragraph (b) of Section 11.1 until five Business Days after such holders, trustee or representative of the Designated Senior Indebtedness receives notice of such acceleration and, thereafter, may make such payment on the Notes only if the subordination provisions hereof otherwise permit payment at such time.