Communications Hub Finance Acceleration Event

Means, in respect of each Communications Hub Finance Facility, that:
(a) an acceleration of repayment of the indebtedness thereunder occurs
such that it is immediately due and payable by the borrower in
circumstances where the DCC is liable for the same under the Direct
Agreement; or
(b) the DCC becomes liable under the Direct Agreement to immediately pay
the unamortised asset value (and any associated finance costs in respect)
of the Communications Hubs to which that facility relates.

« Back to Glossary Index
Feedback
close slider