Definizione di Cross Acceleration
Cross Acceleration. The Terms and Conditions include a cross acceleration provision. Status of the Notes: The Notes and the Coupons will constitute direct, unconditional and (subject to the negative pledge) unsecured obligations of the Issuer ranking pari passu without any preference among themselves with all other outstanding unsecured and unsubordinated obligations of the Issuer present and future but, in the event of insolvency, only to the extent permitted by applicable laws relating to creditors’ rights. The Notes will be effectively subordinated to the Group’s existing and future secured obligations, including the Existing Notes, that are secured by property and assets that do not secure the Notes to the extent of the value of the property or assets securing such debt. Additionally, the Notes will be structurally subordinated to any existing and future obligations of subsidiaries not guaranteeing the Notes, including IVS F (the issuer of the Existing Notes) and Fast Service (a guarantor of the Existing Notes). For more information regarding the rights attached to the Notes, please see C.9.