Common use of Cross-Acceleration Clause in Contracts

Cross-Acceleration. Any Financial Indebtedness of any Group Company is not paid when due as extended by any originally applicable grace period, or is declared to be due and payable prior to its specified maturity as a result of an event of default (however described), provided that no Event of Default will occur under this Clause 15.4 if the aggregate amount of Financial Indebtedness is less than SEK 5,000,000 and provided that it does not apply to any Financial Indebtedness owed to a Group Company.

Appears in 4 contracts

Sources: Terms and Conditions, Amendment and Restatement Agreement, Amendment and Restatement Agreement

Cross-Acceleration. Any Financial Indebtedness of any a Group Company is not paid when due as extended by any originally applicable grace period, or is declared to be due and payable prior to its specified maturity as a result of an event of default (however described), provided that no Event of Default will occur under this Clause 15.4 14.5 (Cross-Acceleration) if the aggregate amount of Financial Indebtedness that has fallen due is less than SEK 5,000,000 EUR 100,000 and provided that it does not apply to any Financial Indebtedness owed to a Group Company.

Appears in 2 contracts

Sources: Terms and Conditions, Terms and Conditions

Cross-Acceleration. Any Financial Indebtedness of any a Material Group Company is not paid when due as extended by any originally applicable grace period, or is declared to be due and payable prior to its specified maturity as a result of an event of default (however described), provided that no Event of Default will occur under this Clause 15.4 14.3 if the aggregate amount of Financial Indebtedness that has fallen due is less than SEK 5,000,000 USD 2,500,000 and provided that it does not apply to any Financial Indebtedness owed to a Group Company.

Appears in 1 contract

Sources: Amendment and Restatement Agreement

Cross-Acceleration. Any Financial Indebtedness of any a Material Group Company is not paid when due as extended by any originally applicable grace period, or is declared to be due and payable prior to its specified maturity as a result of an event of default (however described), provided that no Event of Default will occur under this Clause 15.4 15.3 if the aggregate amount of Financial Indebtedness that has fallen due is less than SEK 5,000,000 and provided that it does not apply to any Financial Indebtedness owed to a Group Company.

Appears in 1 contract

Sources: Amendment and Restatement Agreement

Cross-Acceleration. Any Financial Indebtedness of any a Material Group Company is not paid when due as extended by any originally applicable grace period, or is declared to be due and payable prior to its specified maturity as a result of an event of default (however described), provided that no Event of Default will occur under this Clause 15.4 15.3 if the aggregate amount of Financial Indebtedness declared to be or otherwise becoming due and payable is less than SEK 5,000,000 EUR 1,000,000 and provided that it does not apply to any Financial Indebtedness owed to a Group Company.

Appears in 1 contract

Sources: Amendment and Restatement Agreement

Cross-Acceleration. Any Financial Indebtedness of any a Material Group Company is not paid when due as extended by any originally applicable grace period, or is declared to be or otherwise becomes due and payable prior to its specified maturity as a result of an event of default (however described), provided that no Event of Default will occur under this Clause 15.4 14.3 if the aggregate amount of Financial Indebtedness that has fallen due is less than SEK 5,000,000 (or its equivalent in any other currency or currencies) and provided that it does not apply to any Financial Indebtedness owed to a Group Company.

Appears in 1 contract

Sources: Amendment and Restatement Agreement

Cross-Acceleration. Any Financial Indebtedness of any a Group Company is not paid when due as extended by any originally applicable grace period, or is declared to be due and payable prior to its specified maturity as a result of an event of default (however described), provided that no Event of Default will occur under this Clause 15.4 14.3 (Cross-Acceleration) if the aggregate amount of Financial Indebtedness that has fallen due is less than SEK 5,000,000 and provided that it does not apply to any Financial Indebtedness owed to a Group Company.

Appears in 1 contract

Sources: Amendment and Restatement Agreement