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;

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;

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.
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.

More Definitions of Loan Acceleration Notice

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.