Common use of Additional Event of Default Clause in Contracts

Additional Event of Default. 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).

Appears in 10 contracts

Sources: Funding Swap (Permanent Mortgages Trustee LTD), Funding Swap (Permanent Mortgages Trustee LTD), Funding Swap Agreement (Permanent Mortgages Trustee LTD)