Specified Indebtedness - ISDA Provision: Difference between revisions

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=={{1992ma}}==
#redirect[[Cross Default - ISDA Provision]]
 
“Specified Indebtedness” means, subject to the Schedule, any obligation (whether present or future,
contingent or otherwise, as principal or surety or otherwise) in respect of [[borrowed money]].
 
 
==Commentary==
A simple and innocuous enough looking provision. Ahh, but what to make of the definition of [[borrowed money]]? Could it include [[repo]]? (No, according to Simon Firth - see [[borrowed money|here]])
 
Of particular interest in the debate on {{isdaprov|Cross Default}}. Please refer to that section for a fuller discussion.
 
{{isdaanatomy}}

Latest revision as of 18:55, 5 January 2024

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