Cross acceleration vs cross default

Cross default is a provision in a bond indenture or loan agreement. Agreement A causes an automatic event of default . This practice note discusses the differences between cross - default clauses and cross - acceleration clauses in credit agreements, as well as providing drafting . Changing the cross default clause in a cross acceleration event by . In earlier clauses these . BULLET PRINCIPAL REPAyMENT vERSUS AMORTIzING LOAN. A cross default clause defines an event of default under . A customer should insist that a cross default only occur upon the cross acceleration of the other indebtedness, as opposed to merely the . The distinction between cross acceleration and cross default is a fine one. For practical purposes a cross acceleration is an actual default event on another . Sensitivity to the issues raised by cross - default clauses is important for any.

The borrower would prefer the cross default EoD to contain cross acceleration wording rather than cross default wording. Regardless of whether it contains cross . Many translated example sentences containing cross - default or cross - acceleration clauses – Portuguese-English dictionary and search engine for Portuguese . These are, among others, the pari passu, negative pledge and cross default. Has borrowed too much compared to its income (the leverage ratio).

It states that the acceleration of a loan with any other lender, following an event of default. Cross acceleration : Loan documentation. The sample cross - default clause applies only to defaults in connection with the payment of money and to defaults that permit lenders to accelerate payment of . Facility agreement: clause 18. The borrower will want to ensure that a cross - default is only triggered on an event of default under another . Representations, covenants and events of defaults (the Core Clauses). Among the events of default under a typical indenture is the cross-acceleration or cross-default provision.

A dans lequel est stipulée la clause de cross default. The inclusion of a cross - acceleration event of default provision, . While some Lenders in “covenant-lite” deals request a cross - default after a relatively generous grace perio cross - acceleration appears to be market. ABL facility rather than a cross default. Acceleration ) provides the Agent with discretion to declare all . The senior lenders should not allow the subordinated debt a cross default to the senior debt.

Subordinated Debt cross acceleration to other agreements. Immediate blockage versus notice. Default in determining. Debt Finance: Debt Securities Versus Syndicated Loans on our website. There is a cross acceleration and cross payment default instead of the . Model Form, the LMA Form only provides for a cross - default in all instances ( Section generally).

Drittfälligkeits-Klausel ( cross - acceleration clause). A cross - default provision is an agreement by which the default of one. If you purchase the securities, you will have no right to accelerate the.

OpenCV is a cross -platform library using which we can develop. GPU acceleration for real-time operation. This ironless drive can move at very slow speeds and accelerate quickly to velocities of 720.