Common use of Intercompany Loan Acceleration Notice Clause in Contracts

Intercompany Loan Acceleration Notice. The Funding 1 Security will become immediately enforceable upon the service of an Intercompany Loan Acceleration Notice or, if there is no outstanding Loan Tranche under the Intercompany Loan, upon notice given to the Funding 1 Security Trustee by a Funding 1 Secured Creditor of failure by Funding 1 to pay any other Funding 1 Secured Obligation on its due date (subject to any applicable grace period).

Appears in 4 contracts

Samples: Deed of Charge, Deed of Charge, Deed of Charge

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