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

Revision as of 16:36, 4 December 2015 by Amwelladmin (talk | contribs) (Created page with "{{isdaprov|5(a)(vi)}} {{isdaprov|Cross-Default}}. If "Cross-Default" applies, a party commits:― (1) an event of default entitling its counterparty to accelerate ''any'' agr...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

5(a)(vi) Cross-Default. If "Cross-Default" applies, a party commits:― (1) an event of default entitling its counterparty to accelerate any agreements for Specified Indebtedness having an aggregate principal amount (including any amount in limb (2)) at least equal to the Threshold Amount; or (2) a payment default by that party under any such agreements (after expiry of any grace period) in an aggregate amount, (including any amount in limb (1) at least equal to the Threshold Amount;