Cross acceleration - ISDA Provision: Difference between revisions

Cross acceleration - ISDA Provision (view source)

476 bytes removed , 4 February

Replaced content with "{{nman|isda|2002|Cross acceleration}}"

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-{{fullanat|isda|5(a)(vi)|2002}}''Cross acceleration is not an actual ISDA term, but is what happens to an ISDA Section {{isdaprov|5(a)(vi)}} {{isdaprov|Cross Default}} if you can persuade your credit department to water it down to something sensible.'' You can amend {{isdaprov|Cross Default}} to {{isdaprov|Cross Acceleration}} as follows:
+{{nman|isda|2002|Cross acceleration}}
-:Section {{isdaprov|5(a)(vi)}} is amended by deleting “, or becoming capable at such time of being declared,” from subsection (1). <br>
-{{cross acceleration capsule}}