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Cross Default - ISDA Provision: Difference between revisions
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*a default or similar event under financial agreements or instruments that has resulted in indebtedness becoming capable of being accelerated and terminated by a Non-defaulting Party | *a default or similar event under financial agreements or instruments that has resulted in indebtedness becoming capable of being accelerated and terminated by a Non-defaulting Party | ||
*a failure to make any payments on their due date under such agreements or instruments after notice or the expiry of a grace period. | *a failure to make any payments on their due date under such agreements or instruments after notice or the expiry of a grace period. | ||
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