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

5(a)(v) Default Under Specified Transaction. The party or one 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 as a result that Specified Transaction is validly accelerated;

(2) defaults on any final payment due under a Specified Transaction 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; or

(4) repudiates any Specified Transaction (or any related credit support arrangement);