Loan Acceleration Notice definition

Loan Acceleration Notice means a notice delivered by the Borrower Security Trustee pursuant to the STID by which the Borrower Security Trustee declares that all Borrower Secured Liabilities shall be accelerated.
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Loan Acceleration Notice means a notice served by the Funding 1 Security Trustee on Funding 1 following the occurrence of an Intercompany Loan Event of Default, pursuant to the Issuer Intercompany Loan Agreement; Loan means each loan referenced by its loan identifier number and comprising the aggregate of all principal sums, interest, costs, charges, expenses and other monies (including all Further Advances) due or owing with respect to that loan under the relevant Mortgage Conditions by a Borrower on the security of a Mortgage from time to time outstanding or, as the context may require, the Borrower's obligations in respect of the same; Loan Tranches means the AAA Loan Tranches and the NR Loan Tranches, being the advances made by the Issuer to Funding 1 pursuant to the Intercompany Loan Agreement, each being funded from proceeds received by the Issuer from the issue of Notes; London Business Day means a day (other than a Saturday or Sunday) on which banks are open for general business in London;
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Loan Acceleration Notice means the notice to be delivered by the Beneficiary (in its capacity as Lender) to the Collateral Security Provider (in its capacity as Borrower) pursuant to the terms of the Issuer/Borrower Loan Agreement.
Sample 1

Examples of Loan Acceleration Notice in a sentence

  • An Intercompany Loan Acceleration Notice is served or the Security Trustee having become bound to serve an Intercompany Loan Acceleration Notice fails to do so within 30 days of becoming so bound.

  • The following will constitute an additional Event of Default with respect to Party B: An Intercompany Loan Acceleration Notice is served on Party B (which will be the Defaulting Party).

  • If any Intercompany Loan Acceleration Notice is served, this facility shall be cancelled and the Advance (including any interest capitalised pursuant to CLAUSE 3.4) and any accrued and unpaid interest shall, subject to the Funding 1 Deed of Charge, become immediately due and payable.

  • The Issuer shall pay such moneys so receivable by the Issuer Cash Manager in accordance with the Issuer Pre-Acceleration Revenue Priority of Payments or, as the case may be, the Issuer Post-Enforcement Priority of Payments following service of an Intercompany Loan Acceleration Notice, on the dates on which they would otherwise have fallen due hereunder.

  • Following the service of an Intercompany Loan Acceleration Notice or a Note Acceleration Notice, the Issuer Security Trustee may serve a notice of termination at any time.

  • 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).

  • Following the service of an Intercompany Loan Acceleration Notice and/or a Master Intercompany Loan Acceleration Notice the Funding 1 Security Trustee and the Funding 2 Security Trustee may serve a notice of termination at any time.

  • As and from the date of such Master Intercompany Loan Acceleration Notice, the Funding 2 GIC Provider shall comply with the directions of the Funding 2 Security Trustee in relation to the Funding 2 GIC Account.

  • The Net Disposal Proceeds realised upon the disposal, prior to the delivery of a Loan Acceleration Notice, by any Receiver appointed by the Borrower Security Trustee of any of the Borrower Fixed Security assets (including those resulting from a Designated Airport Disposal) shall promptly following the completion of such disposal be credited to the Disposal Proceeds Account.

  • Upon the delivery of a Loan Acceleration Notice, all Borrower Secured Liabilities (other than, in respect of each tranche of Non-Migrated Bonds prior to the relevant Non- Migrated Bond Accession Date (if any), the Non-Migrated Bond Guarantee insofar as it relates to such tranche of Non-Migrated Bonds) shall be accelerated in full.


More Definitions of Loan Acceleration Notice

Loan Acceleration Notice means a notice served by the Funding 1 Security Trustee on Funding 1 following the occurrence of an Intercompany Loan Event of Default, pursuant to the Intercompany Loan Agreement;
Sample 1

Related to Loan Acceleration Notice

  • Acceleration Notice shall have the meaning specified in Section 6.2.

  • Activation Notice have the meanings ascribed thereto in Annex C.

  • Increased Facility Activation Notice means a notice substantially in the form of Exhibit B-1.

  • Extension Notice has the meaning specified in Section 308.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Discounted Prepayment Effective Date means in the case of a Borrower Offer of Specified Discount Prepayment or Borrower Solicitation of Discount Range Prepayment Offer, five (5) Business Days following the receipt by each relevant Term Lender of notice from the Auction Agent in accordance with Section 2.11(a)(ii)(B), Section 2.11(a)(ii)(C) or Section 2.11(a)(ii)(D), as applicable unless a shorter period is agreed to between the Borrower and the Auction Agent.

  • Repayment Notice Each notice required to be delivered by the Borrower pursuant to Section 2.3 in respect of any reduction in the Facility Amount or repayment of Advances Outstanding, in the form of Exhibit A-2.

  • Addition Notice With respect to the transfer of Subsequent Mortgage Loans to the Trust Fund pursuant to Section 2.08, a notice of the Depositor's designation of the Subsequent Mortgage Loans to be sold to the Trust Fund and the aggregate principal balance of such Subsequent Mortgage Loans as of the Subsequent Cut-off Date. The Addition Notice shall be given not later than three Business Days prior to the related Subsequent Transfer Date and shall be substantially in the form attached hereto as Exhibit P.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(e).

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Collection Notice means a notice, in substantially the form of Annex A to Exhibit VI, from the Agent to a Collection Bank or any similar or analogous notice from the Agent to a Collection Bank.

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Notice of Extension/Conversion means the written notice of extension or conversion in substantially the form of Schedule 3.2, as required by Section 3.2.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit I.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.