Template:Nutshell 2002 ISDA 5(a)(vi)

Revision as of 17:39, 4 December 2015 by Amwelladmin (talk | contribs)

5(a)(vi) Cross-Default. If "Cross-Default" applies to a party it will be an Event of Default if:

(1) any agreements it has for Specified Indebtedness become capable of acceleration; or
(2) it defaults (and any grace period expires) on any payment of Specified Indebtedness ;
And the total of the agreement principal amounts in (1) and the payment amounts in (2) exceeds the Threshold Amount.