Default under Specified Transaction. The party, any Credit Support Provider of such party or any applicable Specified Entity of such party (1) defaults under a Specified Transaction and, after giving effect to any applicable notice requirement or grace period, there occurs a liquidation of, an acceleration of obligations under, or an early termination of, that Specified Transaction,
Appears in 2 contracts
Sources: Isda Master Agreement, Interest Rate Risk Management Agreement (Australian Securitisation Management Pty LTD)