Cross acceleration - ISDA Provision: Difference between revisions
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Cross acceleration is not an actual ISDA term, but is what happens to an ISDA Section {{isdaprov|5(a)(vi)}} {{isdaprov|Cross Default}} if you can persuade your credit department to water it down to something sensible.'' | |||
===Cross acceleration - what is it?=== | ===Cross acceleration - what is it?=== | ||
{{cross acceleration capsule}} | {{cross acceleration capsule}} | ||
Revision as of 13:52, 2 October 2020
Cross acceleration is not an actual ISDA term, but is what happens to an ISDA Section 5(a)(vi) Cross Default if you can persuade your credit department to water it down to something sensible.
Cross acceleration - what is it?
Template:Cross acceleration capsule
Amending to Cross Default to cross acceleration
You can amend Cross Default to Cross Acceleration as follows:
- Section 5(a)(vi) is amended by deleting “, or becoming capable at such time of being declared,” from subsection (1).
See also
- Cross default generally