Events of Default: Cross-Default Versus Cross-Acceleration?

Events of Default: Cross-Default Versus Cross-Acceleration?

WebCross-Acceleration. A clause which operates by defaulting a borrower under Agreement A when it defaulted under Agreement B and the lender under Agreement B accelerates repayment. A cross-acceleration provision effectively gives the lender under Agreement A the benefit of the acceleration provisions in Agreement B. In contrast to a cross ... WebA default by Landlord or Tenant in any of the terms and conditions of the Lease (as modified by the provisions herein) shall constitute a default by such party under this Agreement and vice versa. Sample 1 Sample 2. Cross-Default Provision. The occurrence of any Event of Default under the terms and conditions of the Amended and Restated Credit ... admission 11th pune WebA "cross default provision" provides that defaulting on one loan makes the venture liquidate all other loans. F A "cross default provision" and an "acceleration provision" both cause principal obligations on a loan to become immediately due. Webb. Cross Default.Seller or any of its Subsidiaries shall be in default under (i)any Indebtedness, including, without limitation, the VFN Repurchase Agreements, in the aggregate, in excess of $[***], in each instance which default (1)involves the failure to pay a matured obligation, or (2)permits the acceleration of the maturity of obligations by any … admission 11th nashik WebA "cross default provision" provides that defaulting on one loan makes the venture liquidate all other loans. F A "cross default provision" and an "acceleration provision" both … WebThis Note focuses on cross-default and cross-acceleration provisions as they affect the borrower. However, where subsidiaries, affiliates or parent entities of the borrower are … blazing bvs-2 snap lock wire connectors WebWhat is a cross acceleration clause? A cross acceleration clause governs when one lender accelerates a loan’s payments and/or interest and triggers a cross default. The …

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