Guaranteed Party Acceleration definition

Guaranteed Party Acceleration has the meaning given to it in Clause 5.2 (Guaranteed Party Acceleration).
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Guaranteed Party Acceleration means the Guarantor has failed to make payment of a Guaranteed Amount in accordance with the CGIF Guarantee such that a Non-Payment Event has occurred and is continuing;
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Examples of Guaranteed Party Acceleration in a sentence

  • Additional Accrual Period means (a) in the case of a CGIF Acceleration or a Guaranteed Party Acceleration, the period from (and including) the Bond Interest Payment Date immediately preceding the CGIF Acceleration or Guaranteed Party Acceleration (as the case may be) to (but excluding) the Guarantor Payment Date or (b) where a Demand has been made in respect of principal due on the Bond Maturity Date, the period from (and including) the Bond Maturity Date to (but excluding) the Guarantor Payment Date.

Related to Guaranteed Party Acceleration

  • Guaranteed Creditors means and include each of the Agent, the Collateral Agent, the Banks and each party (other than any Credit Party) party to an Interest Rate Protection Agreement or Other Hedging Agreement to the extent such party constitutes a Secured Creditor under the Security Documents.