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

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(Created page with "{{isdaprov|5(a)(vi)}} '''{{isdaprov|Cross Default}}'''. If "{{isdaprov|Cross-Default}}" applies it will be an {{isdaprov|Event of Default}} if: :(1) a party commits an even...")
 
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{{isdaprov|5(a)(vi)}} '''{{isdaprov|Cross Default}}'''.  If "{{isdaprov|Cross-Default}}" applies it will be an {{isdaprov|Event of Default}} if:   
{{92isdaprov|5(a)(vi)}} '''{{92isdaprov|Cross Default}}'''.  If "{{92isdaprov|Cross-Default}}" applies it will be an {{92isdaprov|Event of Default}} if:   
:(1) a party commits an event of default* in a total amount greater than the {{isdaprov|Threshold Amount}} under any {{isdaprov|Specified Indebtedness}}; or
:(1) a party commits an event of default* in a total amount greater than the {{92isdaprov|Threshold Amount}} under any {{92isdaprov|Specified Indebtedness}}; or
:(2) it defaults (and any [[grace period]] expires) on any payment of {{isdaprov|Specified Indebtedness}} in a total amount greater than the {{isdaprov|Threshold Amount}};
:(2) it defaults (and any [[grace period]] expires) on any payment of {{92isdaprov|Specified Indebtedness}} in a total amount greater than the {{92isdaprov|Threshold Amount}};