Cross Acceleration definition
Cross Acceleration means any Financial Indebtedness of the Issuer or any of its Restricted 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).
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).
Cross Acceleration shall have the meaning given such term in Section 8.1(e) hereof.
Examples of Cross Acceleration in a sentence
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.
More Definitions of Cross Acceleration
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