Cross-acceleration clause and cross-acceleration clause

The bank is entitled to terminate the loan – i.e., to call in the loan granted (immediate repayment of the loan granted) – if the debtor defaults on another obligation to the same bank. – See covenant, credit risk, loan, revoked, downgrade trigger clause, third-party default clause, first-lien default clause, event of default, credit freeze, forfeiture clause.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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