Talk:Obligation Default - Credit Derivatives Provision: Difference between revisions

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Revision as of 17:36, 22 August 2023 (view source) Amwelladmin (talk \| contribs) (Created page with "Cross Default under ISDA the occurrence or existence of a default, event of default or other similar condition or event (however described) in respect of such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or instruments relating to Specified Indebtedness of any of them (individually or collectively) where the aggregate principal amount of such agreements or instruments, either alone or toge...")		Latest revision as of 17:37, 22 August 2023 (view source) Amwelladmin (talk \| contribs) No edit summary
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	~~Cross~~ Default under ~~ISDA~~		Obligation Default under CDS

	the occurrence ~~or existence~~ of a default, event of default or other similar condition or event (however described) in respect of ~~such party, any Credit Support Provider of such party or any applicable Specified~~ Entity ~~of such party~~ under one or more agreements or instruments relating to Specified Indebtedness of any of them (individually or collectively) where the aggregate principal amount of such agreements or instruments, either alone or together with the amount, if any, referred to in clause (2) below, is not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments before it would otherwise have been due and payable		one or more Obligations in an aggregate amount of not less than the Default Requirement have become capable of being declared due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of the Reference Entity under one or more Obligations.