Cross-Acceleration
Short definition
Cross-acceleration lets this pack be accelerated if another debt is actually accelerated. It triggers later than cross-default; it still merges the maturity wall into one day.
Detailed explanation
The other creditor’s acceleration notice pulls this pack forward. If a waiver stops acceleration, this clause may not fire.
For the CFO: cross-default contagion is at breach, cross-acceleration at enforcement. Both belong on the same map.
Why it matters for the CFO
A bond acceleration turns the bank loan into overnight debt.
How to read it
If it has not fired, the other pack is in discussion and this pack still stands — you have time, not a guarantee.
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Definitions are educational. They are not investment, credit or tax advice.