Common use of Automatic Acceleration Clause in Contracts

Automatic Acceleration. If an Event of Default described in Clause 18.6(c)(ii), (iii) or (iv) (United States of America) occurs, or upon the entry of an order for relief in a voluntary or involuntary bankruptcy of a US Borrower, all outstanding Advances drawn by a US Borrower under this Agreement will be immediately and automatically due and payable and the Total Commitments (to the extent they relate to such Advances) will, if not already cancelled under this Agreement, be immediately and automatically cancelled.

Appears in 5 contracts

Samples: Facility Agreement (Liberty Global, Inc.), Amendment and Restatement Agreement (Unitedglobalcom Inc), Facility Agreement (Liberty Global, Inc.)

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Automatic Acceleration. If an Event of Default described in Clause 18.6(c)(ii), (iii) or (iv) (United States of America) occurs, or upon the entry of an order for relief in a voluntary or involuntary bankruptcy of a the US Borrower, all outstanding Advances drawn by a the US Borrower under this Agreement will be immediately and automatically due and payable and the Total Commitments (to the extent they relate to such Advances) will, if not already cancelled under this Agreement, be immediately and automatically cancelled.

Appears in 3 contracts

Samples: Credit Agreement (Unitedglobalcom Inc), Credit Agreement (Unitedglobalcom Inc), Credit Agreement (Unitedglobalcom Inc)

Automatic Acceleration. If an Event of Default described in Clause 18.6(c)(ii20.6(b)(ii), (iii) or (iv) (United States of America) occurs, or upon the entry of an order for relief in a voluntary or involuntary bankruptcy of a US BorrowerU.S. Obligor, all outstanding Advances Loans drawn by a US U.S. Borrower under this Agreement will be immediately and automatically due and payable and the Total Commitments (to the extent they relate to such AdvancesLoans) will, if not already cancelled under this Agreement, be immediately and automatically cancelled.

Appears in 3 contracts

Samples: Credit Facilities Agreement (Liberty Global, Inc.), Credit Facilities Agreement (Liberty Global, Inc.), Credit Facilities Agreement (Liberty Global, Inc.)

Automatic Acceleration. If an Event of Default described in Clause 18.6(c)(ii), (ii), (iii) or (iv) (United States of America) occurs, or upon the entry of an order for relief in a voluntary or involuntary bankruptcy of a the US Borrower, all outstanding Advances drawn by a the US Borrower under this Agreement will be immediately and automatically due and payable and the Total Commitments (to the extent they relate to such Advances) will, if not already cancelled under this Agreement, be immediately and automatically cancelled.

Appears in 1 contract

Samples: Credit Agreement (Liberty Global, Inc.)

Automatic Acceleration. If an Event of Default described in Clause 18.6(c)(ii), (iii) or (iv) 23.8 (United States of AmericaBankruptcy Laws) occurs, or upon the entry of an order for relief in a voluntary or involuntary bankruptcy of a US Borrower, all outstanding Advances Outstandings drawn by a such US Borrower under this Agreement will be immediately and automatically due and payable and the Total Commitments (to the extent they relate to such AdvancesOutstandings) will, if not already cancelled under this Agreement, be immediately and automatically cancelled.

Appears in 1 contract

Samples: Acquisition Facilities Agreement (Liberty Global PLC)

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Automatic Acceleration. If an Event of Default described in Clause 18.6(c)(ii25.6(c)(ii), (iii) or (iv) (United States of America) occurs, or upon the entry of an order for relief in a voluntary or involuntary bankruptcy of a US Borrower, all outstanding Advances drawn by a US Borrower under this Agreement will be immediately and automatically due and payable and the Total Commitments (to the extent they relate to such Advances) will, if not already cancelled under this Agreement, be immediately and automatically cancelled.

Appears in 1 contract

Samples: Senior Secured Credit Facility (Liberty Global PLC)

Automatic Acceleration. If an Event of Default described in Clause 18.6(c)(ii), (iii) or (iv25.9(c) (United States of AmericaCreditors’ process) occurs, or upon the entry of an order for relief in a voluntary or involuntary bankruptcy of a the US Borrower, all outstanding Advances Outstandings drawn by a the US Borrower under this Agreement will be immediately and automatically due and payable and the Total Commitments (to the extent they relate to such AdvancesOutstandings) will, if not already cancelled under this Agreement, be immediately and automatically cancelled.

Appears in 1 contract

Samples: Senior Facilities Agreement (Liberty Global PLC)

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