Template:Nutshell 1992 ISDA 5(a)(vi)
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5(a)(vi) Cross Default. If “Cross-Default” applies it will be an Event of Default if:
- (1) a party commits an event of default in a total amount greater than the Threshold Amount under any Specified Indebtedness; or
- (2) it defaults (and any grace period expires) on any payment of Specified Indebtedness in a total amount greater than the Threshold Amount;