Template:Nutshell 2002 ISDA 5(a)(vi)
5(a)(vi) Cross-Default. If "Cross-Default" applies to a party it will be an Event of Default if:
- (1) any agreements it has for Specified Indebtedness become capable of acceleration; or
- (2) it defaults (and any grace period expires) on any payment of Specified Indebtedness ;
- And the total of the agreement principal amounts in (1) and the payment amounts in (2) exceeds the Threshold Amount.