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).
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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 shall have the meaning given such term in Section 8.1(e) hereof.
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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
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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 on any Security means the date, if any, on and after which the principal or any or all installments of interest, or both, are due and payable on any Security which has become accelerated pursuant to the terms of the Security.

  • 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.