cross default

There is no cross default among the True group companies.

Could we cross default to the utility's physical and/or financial transactions?

There is a note that the cross default threshold needs to be discussed.

Furthermore, the notes have the benefit of a cross default provision.

It would also most likely not wish to see a cross default on Rusal’s other $9.5bn of outstanding debt.

The parties must also agree on appropriate cross default thresholds.

From a credit standpoint, we prefer a cross default trigger.

It's worth considering making cross default optional and part of the Schedule instead.

The smaller the threshold, the more likely that a cross default will occur to the customer.

Please note the only credit specification is a cross default to third party debt.

He had one more matter he wanted to negotiate regarding the cross default.

I think we would eventually want to include derivatives in the cross default trigger because of their significance.

Tanya: You were going to let me know about the cross default for the two swaps.

Like the cross default, the parties must elect for the credit event upon merger to apply.

Please have the counterparty call me to discuss the cross default threshold.

I had thought that here we would add a cross default to the Transaction Documents.

However the firm says it "does not expect that such circumstances would result in cross default of the group's other rail franchises".

Are you okay with the cross default threshold on both sides being 3% of stockholders' equity?

Sara has modified to cross default the confirmation to the Credit Agreement.

As far as the cross default goes, we see it as a matter of proportion.

The cross default langugae still does not work.

This is the amount that a default must exceed before it will constitute a cross default.

We have negotiated a cross acceleration to the project debt (rather than a cross default).

Libby Rutherford would appreciate a short explanation from you regarding the cross default threshold.

Sara, it appears that I made an error in calculating the cross default threshold for the c/p.