Cross acceleration - ISDA Provision

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.

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