Template:M comp disc Credit Derivatives 4.5

The obvious comparison is with Section 5(a)(i) of the ISDA Master Agreement, though a closer practical analogue is Cross Default. See also Potentioal Failure to Pay, which you might like to think would be the next provision, after Failure to Pay, or maybe the previous one, or at least with the other Credit Events in Article 4, but no, it its boundless wisdom ISDA’s crack drafting squad™ saw fit to bury it at Article 1.48. It’s fun, though. It makes the 2014 ISDA Credit Derivatives Definitions more like a treasure hunt.