Acceleration Default definition

Acceleration Default means any Event of Default of the type described in Section 4.01(e) or 4.01(f) hereof.

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Acceleration Default means any Event of Default of the type described in Section 4.1(f) of the Indenture.

Acceleration Default means any Event of Default of the type described in Section 4.01(e) or 4.01(f).

Examples of Acceleration Default in a sentence

• If an Acceleration Default occurs, the Outstanding Principal Balance of the Notes and all accrued and unpaid interest thereon shall automatically become immediately due and payable without any further action by any party.

• When the Trustee incurs expenses or renders services in connection with an Acceleration Default, such expenses (including the fees and expenses of its counsel) and the compensation for such services are intended to constitute expenses of administration under any Applicable Law relating to bankruptcy matters or Applicable Law relating to creditors’ rights generally.

• When the Trustee incurs expenses or renders services in connection with an Acceleration Default, such expenses (including the fees and expenses of its counsel) and the compensation for such services are intended to constitute expenses of administration under any bankruptcy law or law relating to creditors’ rights generally.

• When the Trustee Incurs expenses or renders services in connection with an Acceleration Default, such expenses (including the fees and expenses of its counsel) and the compensation for such services are intended to constitute expenses of administration under any bankruptcy law or law relating to creditors’ rights generally.

• If an Event of Default shall have occurred and be continuing and a Default Notice shall have been delivered by the Trustee (other than a Default Notice that has been rescinded and annulled in accordance with Section 4.02) or an Acceleration Default shall have occurred and be continuing, then the Controlling Party may direct the Trustee to transfer to the Collections Account all or a portion of the Balance in the Expense Account, after paying any Expenses then due and payable.

More Definitions of Acceleration Default

Acceleration Default has the meaning assigned to such term in the Security Agreement.

Acceleration Default means, with respect to (i) the Bank Credit Parties, a Credit Agreement Event of Default has occurred, and, as a result thereof, there has been an acceleration of the Credit Agreement Obligations, (ii) the Senior Noteholders, a Senior Note Event of Default has occurred, and, as a result thereof, there has been an acceleration of the Senior Note Obligations, and (iii) the Junior Noteholders, a Junior Note Event of Default has occurred, and, as a result thereof, there has been an acceleration of the Junior Note Obligations.

Acceleration Default means, in relation to any Loan, a default that under the terms of the Loan either results in an automatic acceleration of the maturity of such Loan or may result in the acceleration of the maturity of such Loan upon any requisite vote of lenders.

Acceleration Default means any Event of Default of the type described in Section 4.01(e) or 4.01(f) of the Indenture.

Acceleration Default means an Event of Default which either (i) results in acceleration of the maturity of some or all of the Obligations or (ii) arises from a failure to pay the principal amount of some or all of the Obligations at final maturity.

Acceleration Default means any Event of Default of the type described in Section 4.01(f) or 4.01(g) hereof. “Account” means any or, in its plural form, all of the accounts established pursuant to Section 3.01(a) hereof and any

Acceleration Default means the Lender's acceleration of the indebtedness evidenced by this Note after the occurrence of an Event of Default.