Loan Acceleration definition

Loan Acceleration means the acceleration in full of the Loan in accordance with the terms of the Facility Agreement; and
View Source
Loan Acceleration means the acceleration in full of the Facility Agreement in accordance with its terms.
View Source

Examples of Loan Acceleration 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.

  • 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.

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

  • 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.

  • The Borrower Security Trustee shall not be obliged to give a Loan Enforcement Notice or a Loan Acceleration Notice or to take any Enforcement Action unless and until it has been indemnified and/or secured to its satisfaction against all Liabilities to which it may become liable or which it may incur by giving any Loan Enforcement Notice, Loan Acceleration Notice or taking any Enforcement Action.