Cross default

For instance, a cross - default clause in a loan agreement may say that a person automatically defaults on his car loan if he defaults on his mortgage. Een cross default bepaling houdt in dat wanneer er een schending plaats heeft gevonden in enig convenant of enige andere financiering van de onderneming, . Definition of cross - default clause: Common stipulation in loan agreements under which a bank has a right to deny access to balances in any or all loan accounts . Een financier zal vaak een cross -defaultbepaling bedingen. A cross - default provision . GlossaryCross-DefaultA clause which operates by automatically defaulting a borrower under Agreement A when it defaults under Agreement B.

If a lender advanced a large sum to a borrower with only periodic interest or principal repayments, there would be . See: cross default for a general discussion of the concept. Both cross-collateralization (aka “dragnet”) and cross - default clauses are common provisions in commercial loan documents. However, in sophisticated financing transactions, the use of collateral might not be enough, and cross - default provisions might be needed. Their operational area covers credit agreements with enterprises, . Definition of CROSS - DEFAULT CLAUSE: A clause in a LOAN, BON or DERIVATIVE agreement indicating that a technical DEFAULT on one obligation . The government-owned bank is planning to ask the holding company to accelerate debt payments by triggering a cross - default clause after . Online vertaalwoordenboek.

EN: cross - default clause.

Le cross default (défaut croisé) est une clause de sauvegarde dite léonine. For example, a cross default. In the event the borrower commits a default under a prior recorded insured mortgage and the holder thereof initiates a foreclosure proceeding, said default under . The sample cross - default clause applies only to defaults in connection with the payment of money and to defaults that permit lenders to accelerate payment of . A legal provision normally included in most borrowings where a default on one debt obligation by a borrower automatically triggers a default or acceleration . An investment group often described as the “brainchild” of Chinese premier Li Keqiang has seen cross - defaults triggered on $800m in bonds . When talking about collateralization in real estate, the term . CMIG says no cross - default. This content is only available to IFRe. Door experts geschreven.

By Cristiane Lucchesi, Felipe Marques and Fabiana Batista. Veel vertaalde voorbeeldzinnen bevatten cross default clause – Engels- Nederlands woordenboek en zoekmachine voor een miljard Engelse vertalingen. Many translated example sentences containing cross default – French-English dictionary and search engine for French translations.

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De très nombreux exemples de phrases traduites contenant cross default – Dictionnaire français-anglais et moteur de recherche de traductions françaises. Cross Default jobs available on Indeed.

This practice note discusses the differences between cross - default clauses and cross-acceleration clauses in credit agreements, as well as providing drafting . The warrants function like an insurance policy that would have required the bank to compensate investors if the cross - default had been . Geen resultaten gevonden in de encyclopedie. Deze woorden beginnen met ` cross `. The ISDA Master Agreement provides for both events of default and. Provision on the Ability to.

Assume an Executory Contract or Unexpired Lease. The Bankruptcy Code gives a trustee or debtor in . Before that, some discussion on cross - default clauses and the cost-plus clauses must be undertaken next. As briefly mentioned in the .