automatic acceleration means a situation in which a covered bond automatically becomes immediately due and payable upon the insolvency or resolution of the issuer and in respect of which the covered bond investors have an enforceable claim for repayment at a time earlier than the original maturity date;
automatic acceleration. If, with or without the Borrower's consent, a custodian, trustee or receiver is appointed for any of the Borrower's or any subsidiary's properties, or if a petition is filed by or against the Borrower or any subsidiary under the United States Bankruptcy Code, or if the Borrower is dissolved or liquidated (if an entity), or dies (if an individual), the unpaid principal, accrued interest and all other amounts payable under this Note will automatically become due and payable without notice or demand and, if this Note evidences a line of credit, the line of credit will automatically terminate.
automatic acceleration means the automatic acceleration of the Liabilities with respect to any Grantor pursuant to applicable law as a result of the commencement of any Insolvency or Liquidation Proceeding.
More Definitions of automatic acceleration
automatic acceleration. Event" 1.7 "Borrower" 1.8 "Business Day" 1.9 "Capital Lease"
automatic acceleration. If, with or without the Borrower's consent, a custodian, trustee or receiver is appointed for any of the Borrower's properties, or if a petition is filed by or against the Borrower under the United States Bankruptcy Code, or if the Borrower is dissolved or liquidated (if an entity), or dies (if an individual), the unpaid principal, accrued interest and all other amounts payable under this Note will automatically become due and payable without notice or demand. WAIVER OF DEMAND, PRESENTMENT, NOTICE OF DISHONOR AND PROTEST: Each maker, accommodation party, endorser or guarantor of this Note, and any other party liable for its repayment, hereby severally waives demand, presentment, notice of dishonor and protest.
automatic acceleration has the meaning given in clause 10.3;
automatic acceleration has the meaning given to the term in the Intercreditor Agreement.
automatic acceleration means a situation in which a mortgage bond automatically becomes immediately due and payable upon the insolvency or resolution of the mortgage loan company and in respect of which mortgage bond investors have an enforceable claim for repayment at a time earlier than the original maturity date;
automatic acceleration means the automatic acceleration of the Liabilities with respect to any Obligor pursuant to applicable law as a result of the commencement of any Bankruptcy/Insolvency Proceedings.
automatic acceleration shall have the meaning set forth in Section 6.02.