Common use of Cross-Acceleration Clause in Contracts

Cross-Acceleration. The occurrence of any event or condition that results in any indebtedness of the Borrower in excess of $10,000,000 under any agreement of the Borrower becoming due prior to its scheduled maturity or requires the prepayment, repurchase, redemption or defeasance thereof prior to its scheduled maturity.

Appears in 4 contracts

Sources: Secured Revolving Facility Agreement, Secured Revolving Facility Agreement, Secured Revolving Facility Agreement (DryShips Inc.)