Template:Nutshell 2002 ISDA 5(a)(vi)
(Redirected from Template:Nutshell 2002 ISDA Cross Default)
- 5(a)(vi) Cross-Default. If “Cross-Default” applies to a party, it will be an Event of Default if:
- (1) any agreements it (or its Credit Support Providers or Specified Entities) has for Specified Indebtedness become capable of acceleration; or
- (2) it (or its Credit Support Providers or Specified Entities) defaults on any payment of Specified Indebtedness (and any grace period expires);
- And the total of the principal amounts in (1) and (2) exceeds the Threshold Amount.