Template:ISDA Master Agreement 1992 5(a)(vi): Difference between revisions

:{{92isda92prov|5(a)(vi)}} '''{{92isda92prov|Cross Default}}'''.  If “{{92isda92prov|Cross Default}}” is specified in the Schedule as applying to the party, the occurrence or existence of

::(1) a default, [[event of default]] or other similar condition or event [[however described]]) in respect of such party, any {{92isda92prov|Credit Support Provider}} of such party or any [[applicable]] {{92isda92prov|Specified Entity}} of such party under one or more agreements or instruments relating to {{92isda92prov|Specified Indebtedness}} of any of them ([[individually or collectively]]) in an aggregate amount of not less than the [[applicable]] {{92isda92prov|Threshold Amount}} (as specified in the Schedule) which has resulted in such {{92isda92prov|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 or  

::(2) a default by such party, such {{92isda92prov|Credit Support Provider}} or such {{92isda92prov|Specified Entity}} ([[individually or collectively]]) in making [[one or more]] payments on the due date thereof in an aggregate amount of [[not less than]] the [[applicable]] {{92isda92prov|Threshold Amount}} under such agreements or instruments (after giving effect to any [[applicable]] notice requirement or [[grace period]]); <br>