Examples of Cross Default Threshold in a sentence
If there exists an event, the effect of which with the lapse of time or the giving of notice, will constitute an event of default or a default under any other agreement for borrowed money in excess of the Cross Default Threshold entered into by the Borrower whether or not waived by the other lender under such other agreement.
If there exists an event, the effect of which with lapse of time or the giving of notice, will constitute an event of default or a default under any other agreement for borrowed money in excess the Cross Default Threshold entered into by the Borrower, any of its subsidiaries, or any of the Guarantors.
For purposes of sub-Clause (e) of the definition of “Event of Default,” the Cross Default Thresholdapplicable to each of the Parties shall be as follows:The Cross Default Threshold applicable to Party A shall be: : US DOLLARS/ , or the equivalent in any other currency.The Cross Default Threshold applicable to Party B shall be: : US DOLLARS/ , or the equivalent in any other currency.
If cross default applies, the Cross Default Threshold applicable to: the Seller is , and the Buyer is .