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Template:Nutshell 1992 ISDA 5(a)(vi): Difference between revisions
Template:Nutshell 1992 ISDA 5(a)(vi) (view source)
Revision as of 17:50, 8 March 2022
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Amwelladmin (talk | contribs) (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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{{ | {{isda92prov|5(a)(vi)}} '''{{isda92prov|Cross Default}}'''. If “{{isda92prov|Cross Default}}” applies it will be an {{isda92prov|Event of Default}} if: | ||
:(1) a party commits an event of default | :(1) a party (or its {{isda92prov|Credit Support Provider}} or any {{isda92prov|Specified Entity}}) commits an [[event of default]] in a total amount greater than the {{isda92prov|Threshold Amount}} under any {{isda92prov|Specified Indebtedness}}; or | ||
:(2) it defaults (and any [[grace period]] expires) on any payment of {{ | :(2) it defaults (and any [[grace period]] expires) on any payment of {{isda92prov|Specified Indebtedness}} in a total amount greater than the {{isda92prov|Threshold Amount}}; | ||