Common Contracts
1 similar Subordinated Loan Agreement contracts
Securities and Exchange Commission § 240.18a–1dSubordinated Loan Agreement • December 8th, 2021
event of acceleration—obligation to repay to remain subordinate. (i) A subordi- nated loan agreement may provide that the lender may, upon prior written no- tice to the security-based swap dealer and the Commission of the occurrence of any Event of Acceleration (as here- inafter defined) given no sooner than six months after the effective date of such subordinated loan agreement, ac- celerate the date on which the Pay- ment Obligation of the security-based swap dealer, together with accrued in- terest or compensation, is scheduled to mature, to the last business day of a calendar month which is not less than six months after notice of acceleration is received by the security-based swap dealer and the Commission. Any subor- dinated loan agreement containing such Events of Acceleration may also provide, that if upon such accelerated maturity date the Payment Obligation of the security-based swap dealer is suspended as required by paragraph (b)(7) of this section and liquidation of the se
