Template:Nutshell 2002 ISDA 5(a)(vi)
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5(a)(vi) Cross-Default. If "Cross-Default" applies to a party:
- (1) any agreements it has for Specified Indebtedness become capable of acceleration; or
- (2) it defaults (after expiry of any grace period) on a payment of Specified Indebtedness;
And the total of the principal amounts in (1) and the payment amounts in (2) exceeds the Threshold Amount.