Template:Nutshell 2002 ISDA 5(a)(v)

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5(a)(v) Default Under Specified Transaction. The party or any of its Credit Support Providers or Specified Entities:―

(1) defaults on any payment due under a Specified Transaction (or any related credit support arrangement) and all Transactions under the relevant Master Agreement are validly accelerated (taking account of any grace periods); (2) defaults on any final payment due under a Specified Transaction after taking account of any grace periods (or, if none, after one Local Business Day); (3) defaults on any delivery due under a Specified Transaction (or any related credit support arrangement) and, all Transactions under the relevant Master Agreement are validly accelerated (taking account of any grace periods); ; or (4) repudiates any Specified Transaction (or any related credit support arrangement);

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