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Cross default: Difference between revisions
→Cross default in the loan market
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*'''Material indebtedness''': Our lender has significant credit exposure to the borrower; | *'''Material indebtedness''': Our lender has significant credit exposure to the borrower; | ||
*'''Infrequent payments''': Our lender is owed infrequent payment obligations and cannot necessarily rely on a [[failure to pay]]. | *'''Infrequent payments''': Our lender is owed infrequent payment obligations and cannot necessarily rely on a [[failure to pay]]. | ||
*''Material default''': The borrower has taken on ''other'' indebtedness in a size big enough to threaten its own viability. | *'''Material default''': The borrower has taken on ''other'' indebtedness in a size big enough to threaten its own viability. | ||
==={{isdaprov|Cross default}} in the {{isdama}}=== | ==={{isdaprov|Cross default}} in the {{isdama}}=== | ||