Template:ISDA Master Agreement 1992 5(a)(vi): Difference between revisions
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{{92isda92prov|5(a)(vi)}} '''{{92isda92prov|Cross Default}}'''. If “{{92isda92prov|Cross Default}}” is specified in the Schedule as applying to the party, the occurrence or existence of | :{{92isda92prov|5(a)(vi)}} '''{{92isda92prov|Cross Default}}'''. If “{{92isda92prov|Cross Default}}” is specified in the Schedule as applying to the party, the occurrence or existence of | ||
:(1) a default, [[event of default]] or other similar condition or event [[however described]]) in respect of such party, any {{92isda92prov|Credit Support Provider}} of such party or any [[applicable]] {{92isda92prov|Specified Entity}} of such party under one or more agreements or instruments relating to {{92isda92prov|Specified Indebtedness}} of any of them ([[individually or collectively]]) in an aggregate amount of not less than the [[applicable]] {{92isda92prov|Threshold Amount}} (as specified in the Schedule) which has resulted in such {{92isda92prov|Specified Indebtedness}} becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would [[otherwise]] have been due and payable or | ::(1) a default, [[event of default]] or other similar condition or event [[however described]]) in respect of such party, any {{92isda92prov|Credit Support Provider}} of such party or any [[applicable]] {{92isda92prov|Specified Entity}} of such party under one or more agreements or instruments relating to {{92isda92prov|Specified Indebtedness}} of any of them ([[individually or collectively]]) in an aggregate amount of not less than the [[applicable]] {{92isda92prov|Threshold Amount}} (as specified in the Schedule) which has resulted in such {{92isda92prov|Specified Indebtedness}} becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would [[otherwise]] have been due and payable or | ||
:(2) a default by such party, such {{92isda92prov|Credit Support Provider}} or such {{92isda92prov|Specified Entity}} ([[individually or collectively]]) in making [[one or more]] payments on the due date thereof in an aggregate amount of [[not less than]] the [[applicable]] {{92isda92prov|Threshold Amount}} under such agreements or instruments (after giving effect to any [[applicable]] notice requirement or [[grace period]]); <br> | ::(2) a default by such party, such {{92isda92prov|Credit Support Provider}} or such {{92isda92prov|Specified Entity}} ([[individually or collectively]]) in making [[one or more]] payments on the due date thereof in an aggregate amount of [[not less than]] the [[applicable]] {{92isda92prov|Threshold Amount}} under such agreements or instruments (after giving effect to any [[applicable]] notice requirement or [[grace period]]); <br> |
Revision as of 10:07, 25 February 2020
- Template:92isda92prov Template:92isda92prov. If “Template:92isda92prov” is specified in the Schedule as applying to the party, the occurrence or existence of
- (1) a default, event of default or other similar condition or event however described) in respect of such party, any Template:92isda92prov of such party or any applicable Template:92isda92prov of such party under one or more agreements or instruments relating to Template:92isda92prov of any of them (individually or collectively) in an aggregate amount of not less than the applicable Template:92isda92prov (as specified in the Schedule) which has resulted in such Template:92isda92prov becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would otherwise have been due and payable or
- (2) a default by such party, such Template:92isda92prov or such Template:92isda92prov (individually or collectively) in making one or more payments on the due date thereof in an aggregate amount of not less than the applicable Template:92isda92prov under such agreements or instruments (after giving effect to any applicable notice requirement or grace period);