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

{{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 {{92isdaprov|Threshold Amount}} under any {{92isdaprov|Specified Indebtedness}}; or

:(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}};