Template:Nutshell 1992 ISDA 5(a)(vi): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{isdaprov|5(a)(vi)}} '''{{isdaprov|Cross Default}}'''. If "{{isdaprov|Cross-Default}}" applies it will be an {{isdaprov|Event of Default}} if: :(1) a party commits an even...") |
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Revision as of 00:50, 26 January 2020
5(a)(vi) Cross Default. If "Cross-Default" applies it will be an Event of Default if:
- (1) a party commits an event of default* in a total amount greater than the Threshold Amount under any Specified Indebtedness; or
- (2) it defaults (and any grace period expires) on any payment of Specified Indebtedness in a total amount greater than the Threshold Amount;