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Cross acceleration - ISDA Provision: Difference between revisions
Cross acceleration - ISDA Provision (view source)
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===How to change {{isdaprov|Cross Default}} to {{isdaprov|cross acceleration}} === | ===How to change {{isdaprov|Cross Default}} to {{isdaprov|cross acceleration}} === | ||
You can amend {{isdaprov|Cross Default}} to {{isdaprov|Cross Acceleration}} by adding the following language: | You can amend {{isdaprov|Cross Default}} to {{isdaprov|Cross Acceleration}} by adding the following language: | ||
:Section {{isdaprov|5(a)(vi)}} is amended by deleting “, or becoming capable at such time of being declared,” from subsection (1). <br> | :'''Section {{isdaprov|5(a)(vi)}} is amended by deleting “, or becoming capable at such time of being declared,” from subsection (1).''' <br> | ||
Seems so easy, doesn’t it? | |||
==Why?== | ==Why?== | ||
===Explain this wondrous drafting to me!=== | ===Explain this wondrous drafting to me!=== | ||