Common use of Cross-Acceleration Clause in Contracts

Cross-Acceleration. (a) Any Borrowings of any Obligor or Principal Subsidiary are not paid when due or within any applicable grace period provided in the documentation therefor; or Back to Contents (b) any Borrowings of any Obligor or Principal Subsidiary become prematurely due and payable as a result of an event of default (howsoever described) under the document relating to those Borrowings, except that this Clause 22.5 shall not apply to Borrowings of the Obligors and the Principal Subsidiaries the principal or settlement amounts of which are in aggregate euro 50,000,000 or less.

Cross-Acceleration. (a) Any Borrowings of any Obligor or Principal Subsidiary are not paid when due or within any applicable grace period provided in the documentation therefor; or Back to Contentsor (b) any Borrowings of any Obligor or Principal Subsidiary become prematurely due and payable as a result of an event of default (howsoever described) under the document relating to those Borrowings, except that this Clause 22.5 shall not apply to Borrowings of the Obligors and the Principal Subsidiaries the principal or settlement amounts of which are in aggregate euro 50,000,000 or less.

Cross-Acceleration. (a) Any Borrowings of any Obligor or Principal Subsidiary are not paid when due or within any applicable grace period provided in the documentation therefor; or Back to Contentsor (b) any Borrowings of any Obligor or Principal Subsidiary become prematurely due and payable as a result of an event of default (howsoever described) under the document relating to those Borrowings, except that this Clause 22.5 shall not apply to Borrowings of the Obligors and the Principal Subsidiaries the principal or settlement amounts of which are in aggregate euro 50,000,000 or less.. Table of Contents