Template:GTMA Master Agreement 2004 12.1.7

12.1.7 (Cross Default) if cross default and the related Cross Default Threshhold are specified in Schedule 2 and there occurs or exists:

12.1.7(a) a default, event of default or other similar condition or event (however described) in respect of the Party or any Credit Support Provider of the Party under one or more agreements or instruments relating to Indebtedness of any of them (individually or collectively) in an aggregate amount of not less than the Cross Default Threshold which has resulted in that Indebtedness becoming, or becoming capable at the time of being declared, due and payable under those agreements or instruments, before it would otherwise have been due and payable; or

12.1.7(b) a default by that Party or that Credit Support Provider (individually or collectively) in making one or more payments on the due date for those purposes under those agreements or instruments in an aggregate amount of not less than the Cross Default Threshold (after giving effect to any applicable notice requirement or grace period);