82,915
edits
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
{{isdaprov|5(a)(vi)}} {{isdaprov|Cross-Default}}. If | {{isdaprov|5(a)(vi)}} '''{{isdaprov|Cross-Default}}'''. If “{{isdaprov|Cross-Default}}” applies to a party, it will be an {{isdaprov|Event of Default}} if: | ||
:(1) any agreements it has for {{isdaprov|Specified Indebtedness}} become capable of acceleration; or | :(1) any agreements it has for {{isdaprov|Specified Indebtedness}} become capable of acceleration; or | ||
:(2) it defaults (and any [[grace period]] expires) on any payment of {{isdaprov|Specified Indebtedness}} ; | :(2) it defaults (and any [[grace period]] expires) on any payment of {{isdaprov|Specified Indebtedness}} ; | ||
:And the total of the agreement principal amounts in (1) and the payment amounts in (2) exceeds the {{isdaprov|Threshold Amount}}. | :And the total of the agreement principal amounts in (1) and the payment amounts in (2) exceeds the {{isdaprov|Threshold Amount}}. <br> |