Cross Acceleration definition

Cross Acceleration means any Financial Indebtedness of the Issuer or any of its Subsidiaries is cancelled, or declared to be or otherwise becomes due and payable prior to its specified maturity as a result of an event of default (however described).
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Cross Acceleration means an Event of Default under the ISDA Agreements resulting from clause (B) of the definition of “Cross-Default” set forth in the Confirmations (subject to clause (D) thereof).
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Cross Acceleration. The acceleration or maturation prior to scheduled maturity of (i) any present or future Indebtedness of a Company, or (ii) any present or future guaranty for or indemnity in respect of, Indebtedness, provided, however, that the aggregate amount of the relevant Indebtedness, guaranties or indemnities being accelerated equal or exceed US$10 million or its equivalent in any other currency or currencies; or
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Examples of Cross Acceleration in a sentence

  • A model provision that the Lender may elect to use in connection with this requirement has been provided for reference in Appendix B to the FAQs.2.N. Cross Acceleration Provisions.

  • Cross-Default, Cross Acceleration) of the Base Indenture shall no longer apply to the Notes and the occurrence of the events described in Sections 6.01(f) and (g) of the Base Indenture shall no longer constitute an Event of Default with respect to the Notes.

  • The service of an Issuer Enforcement Notice as mentioned above shall trigger the acceleration of sums due to Bondholders of the Series of French law Covered Bonds who have passed a resolution to this effect and a Covered Bonds Cross Acceleration Trigger Event shall be deemed to have occurred (i.e. a cross acceleration of sums due to Bondholders of all other Series of Covered Bonds).

  • We include dummies for the following indenture covenants: Cross Acceleration (cross- acceleration provisions), Additional Debt (restrictions on issuing additional debt), Sale-leaseback (restrictions on sale-leaseback transactions), Earnings Ratio (restric- tion on interest coverage), Dividend Restriction (restriction of dividend payouts), and Change in control (a put provision against specified events).

  • Cross Acceleration The CCO Holdings Indentures include various events of default, including cross acceleration provisions.

  • Upon the occurrence of an Event of Default as described in paragraphs (d) (Events of Default – Cross- Acceleration) and (e) (Events of Default – Security Enforced) of Condition 8, the Issuer shall promptly give notice thereof to the Bondholders in accordance with paragraph (i) of Condition 11.1 (through the NBB Clearing System) and 11.2 (the rules of Euronext Growth Brussels and any stock exchange or other relevant authority on which the Bonds are listed).

  • Cross Acceleration After the delivery of a Guarantor Default Notice with respect to a Series or Tranche, all Series or Tranche of Covered Bonds then outstanding will cross accelerate at the same time against the Guarantor.

  • The Issuer fails to duly perform any other material obligation arising under the Notes and any such failure continues for more than 30 days after the Fiscal Agent has received notice thereof from a Noteholder; or (iii) Cross Acceleration.

  • The Issuer fails to duly perform any other material obligation arising under the Notes and any such failure continues forden Schuldverschreibungen, und die Unterlassung dauert länger als 30 Tage fort, nachdem die Emissionsstelle hierüber eine Benachrichtigung von einem Anleihegläubiger erhalten hat; oder(iii) Cross Acceleration.

  • Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of the Company in this Note, the Credit Agreement, any Borrowing Request or in any certificate or other document delivered pursuant hereto or thereto, shall be incorrect in any material respect when made or deemed made; or 10.5. Cross-Default; Cross Acceleration.


More Definitions of Cross Acceleration

Cross Acceleration shall have the meaning given such term in Section 8.1(e) hereof.
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Related to Cross Acceleration

  • Obligation Acceleration means one or more Obligations in an aggregate amount of not less than the Default Requirement have become due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.

  • Acceleration Date means the earlier of the date of stockholder approval or approval by the Company's Board of Directors of (i) any consolidation or merger of the Company in which the Company is not the continuing or surviving corporation or pursuant to which shares of Company Common Stock would be converted into cash, securities or other property, other than a merger of the Company in which stockholders of the Company immediately prior to the merger have the same proportionate ownership of stock in the surviving corporation immediately after the merger; (ii) any sale, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company; or (iii) any plan of liquidation or dissolution of the Company.

  • Particle accelerator means any machine capable of accelerating electrons, protons, deuterons, or other charged particles in a vacuum and of discharging the resultant particulate or other radiation into a medium at energies usually in excess of one MeV. For purposes of this definition, "accelerator" is an equivalent term.

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Revolving Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Class B Maturity Date means the January 2040 Distribution Date.

  • Facility Maturity Date means the earliest of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.

  • Class A-2 Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Acceleration as defined in Subsection 9.1(e).

  • Class C Maturity Date is defined in the Indenture.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, August 3, 2020 and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Accelerated Maturity Date means if the Company elects to accelerate the Maturity Date in accordance with Section 2.2(c), the date selected by the Company which is prior to the Scheduled Maturity Date, but is after March 31, 2002.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Original Maturity Date means the date on which the bond reaches the end of the term for which it was initially offered and, unless further extended, ceases to earn interest.

  • Liquidity Obligations means all principal, interest, fees and other amounts owing to the Liquidity Providers under the Liquidity Facilities, Section 8.1 of the Participation Agreements or the Fee Letters.

  • Extended Maturity Date has the meaning specified in Section 2.17(a).

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Class A-1 Maturity Date means [ ] (or, if such day is not a Business Day, the next preceding Business Day).

  • Final Maturity Date means, with respect to each Tranche of Securitization Bonds, the final maturity date therefor as specified in the Series Supplement.

  • Class A-3 Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Term Maturity Date means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

  • Maturity Date means March 15, 2026.

  • Scheduled Maturity Date means the date specified in the Adoption Annex.

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).