A subjective acceleration clause
is a provision in a debt agreement that states that the lender has the right to accelerate the payments of the obligation under conditions that are not objectively determinable.
Under these circumstances, the owner still holds the lease term and any acceleration clause
as a bargaining chip but can afford to be more accommodating in light of the common goal.
The warrants are now subject to an acceleration clause
whereby if the closing trading price of the Corporation's common shares is CDN$1.
The warrants are subject to an acceleration clause
which is triggered when the Company's shares trade at $0.
The review of DEWA's ratings considers the potential for liquidity pressure due to the triggering of an acceleration clause
on its $2 billion Receivables Securitisation Programme that is issued under Thor Asset Purchase Company Limited.
Currently, we are finalizing certain balance sheet disclosures related to the current portion of deferred taxes, the amounts due for pension funding for 2005, and the resolution of the classification of our revolver under EITF 95- 22: Balance Sheet Classification of Borrowings Outstanding under Revolving Credit Agreements that include both a Subjective Acceleration Clause
and a Lock-Box Arrangement.
First, when selling an apartment, try to build in an extended close date--maybe even try to ask the purchaser of the apartment if there can be an acceleration clause
for the close date if the sponsor is ready to close sooner rather than later.
However, according to the statement, that agreement shouldn't be cancelable by the lender because of a subjective acceleration clause