The Book of Banking Jargon

Acceleration
Cross Acceleration

Usually, following the event of a default, the lenders (in accordance with the terms of the facility agreement) have the right to, among other things, "accelerate" the due date of their loans; in other words, they have the right to declare their loans immediately due and payable. Note, that acceleration may lead to an obligation on the officers of the borrower to file for insolvency, thereby precluding the ability to agree to a consensual out-of-court restructuring.
 
Cross Acceleration = 

Diskussion