Template:Isda peod analysis: Difference between revisions

*'''{{{{{1}}}|Cross Default}}''', that most absurd of all {{{{{1}}}|Events of Default}}, has no notice requirement, no [[grace period]], and doesn't even require the lender of the {{{{{1}}}|Specified Indebtedness}} to have exercised a termination right — though any [[grace period]] under the {{{{{1}}}|Specified Indebtedness}} still applies.

*{{{{{1}}}|Bankruptcy}} has no notice requirement or [[grace period]] (indeed, on {{{{{1}}}|Automatic Termination Event}} applies it may happens even without the {{{{{1}}}|Non-defaulting Party}}’s knowledge), though there are some [[grace period]]s under the various [[tedious]] limbs of {{{{{1}}}|Bankruptcy}} definition<ref>See for example Sections 5(a)(viii)(4) and (7).</ref>, and these vary by edition of the {{isdama}}<ref>30 days in the {{1992ma}}, 15 days in the {{2002ma}}.</ref>;