What is claimed is:1. A light emitting display panel comprising:a substrate;an auxiliary cathode electrode disposed at the substrate;a passivation layer covering the auxiliary cathode electrode;an anode disposed on the passivation layer;a bank surrounding an outer portion of the anode;a light emitting layer disposed on the anode; anda cathode disposed on the light emitting layer,wherein the cathode is connected to the auxiliary cathode electrode through a connection electrode exposed at an undercut region passing through the bank and the passivation layer, andwherein the connection electrode has one side overhanging in the undercut region and another side covered by the bank, andwherein the one side of the connection electrode is connected to the cathode at the undercut region and the another side of the connection electrode is connected to the auxiliary cathode electrode.2. The light emitting display panel of claim 1, wherein the auxiliary cathode electrode has one side exposed at the undercut region and another side covered by the passivation layer,wherein the another side of the auxiliary cathode electrode is connected to an auxiliary connection electrode disposed at the passivation layer, and the connection electrode is connected to the auxiliary connection electrode at the passivation layer.3. The light emitting display panel of claim 2, wherein the passivation layer comprises:a buffer covering the auxiliary cathode electrode;a pixel driving circuit layer disposed at the buffer and including a driving transistor connected to the anode;an insulation layer covering the pixel driving circuit layer; anda planarization layer covering the insulation layer and planarizing an upper end of the insulation layer.4. The light emitting display panel of claim 3, wherein the connection electrode comprises:a first electrode disposed on the buffer and including a same material as a semiconductor layer constituting the driving transistor; anda second electrode disposed on the first electrode.5. The light emitting display panel of claim 4, wherein the cathode is connected to the second electrode,the auxiliary connection electrode is connected to the first electrode and the second electrode, andthe auxiliary connection electrode is connected to the auxiliary cathode electrode through an auxiliary connection electrode contact hole in the buffer.6. The light emitting display panel of claim 2, wherein the passivation layer comprises:a buffer covering the another side of the auxiliary cathode electrode;an insulation layer covering the other side of the connection electrode; anda planarization layer covering the insulation layer,wherein the connection electrode is disposed at the buffer and has one side of the connection electrode exposed at the undercut region, andwherein the auxiliary connection electrode is connected to the auxiliary cathode electrode through an auxiliary connection electrode contact hole passing through the planarization layer, the insulation layer and the buffer.7. The light emitting display panel of claim 6, wherein the auxiliary connection electrode is covered by the bank.8. The light emitting display panel of claim 1, wherein the auxiliary cathode electrode is connected to a cathode pad electrode disposed at a non-display area of the substrate.9. The light emitting display panel of claim 1, wherein the auxiliary cathode electrode has one side that is exposed at the undercut region.10. The light emitting display panel of claim 9, further comprising:a first material layer disposed on the one side of the auxiliary cathode electrode exposed at the undercut region and including a same material as the light emitting layer; anda second material layer disposed on the first material layer and including a same material as the cathode.11. The light emitting display panel of claim 3, wherein the driving transistor comprises:a semiconductor layer disposed on the buffer;a first terminal disposed on the buffer and connected to one side of the semiconductor layer;a second terminal disposed on the buffer and connected to another side of the semiconductor layer;a gate insulation layer disposed on the semiconductor layer; anda gate disposed on the gate insulation layer,wherein the first terminal is connected to the anode.12. The light emitting display panel of claim 11, wherein the first terminal comprises:a first active electrode disposed on the buffer and connected to the one side of the semiconductor layer; anda first auxiliary electrode disposed on the first active electrode.13. The light emitting display panel of claim 11, wherein the second terminal comprises:a second active electrode disposed on the buffer and connected to the other side of the semiconductor layer; anda second auxiliary electrode disposed on the second active electrode,wherein the anode is connected to the first auxiliary electrode and the first active electrode.14. The light emitting display panel of claim 12, further comprising an auxiliary insulation layer and an auxiliary metal provided between the first auxiliary electrode and the anode,wherein the auxiliary insulation layer includes a same material as the gate insulation layer, and the auxiliary metal comprises a same material as the gate.15. The light emitting display panel of claim 13, wherein the connection electrode comprises:a first electrode disposed on the buffer and including a same material as the semiconductor layer; anda second electrode disposed on the first electrode and including a same material as the first auxiliary electrode and the second auxiliary electrode.16. A light emitting display panel comprising:a substrate;an auxiliary cathode electrode disposed at the substrate;a buffer covering the auxiliary cathode electrode;a pixel driving circuit layer disposed at the buffer and including a driving transistor;an insulation layer covering the pixel driving circuit layer;a planarization layer covering the insulation layer and planarizing an upper end of the insulation layer;an anode disposed at the planarization layer and connected to the driving transistor;a bank surrounding an outer portion of the anode;a light emitting layer disposed on the anode; anda cathode disposed on the light emitting layer,wherein the cathode is connected to the auxiliary cathode electrode through a connection electrode exposed at an undercut region passing through the bank, the planarization layer, the insulation layer, and the buffer, andwherein the connection electrode has one side overhanging in the undercut region and another side covered by the bank, andwherein the one side of the connection electrode is connected to the cathode at the undercut region and the another side of the connection electrode is connected to the auxiliary cathode electrode.17. A light emitting display apparatus comprising:a substrate;an auxiliary cathode electrode disposed at the substrate;a passivation layer covering the auxiliary cathode electrode;an anode disposed on the passivation layer;a bank surrounding an outer portion of the anode;a light emitting layer disposed on the anode;a cathode disposed on the light emitting layer,a data driver supplying data voltages to a plurality of data lines included in the light emitting display panel;a gate driver supplying gate voltages to a plurality of gate lines included in the light emitting display panel; anda controller controlling the data driver and the gate driver,wherein the cathode is connected to the auxiliary cathode electrode through a connection electrode exposed at an undercut region passing through the bank and the passivation layer, andwherein the connection electrode has one side overhanging in the undercut region and another side covered by the bank, andwherein the one side of the connection electrode is connected to the cathode at the undercut region and the another side of the connection electrode is connected to the auxiliary cathode electrode.