Cross Default Threshold definition

Cross Default Threshold means, with respect to Party B or its Guarantor, as applicable, ___________ dollars ($__________.00).] [OR] [if rated Party B or rated Guarantor use the MAC below in lieu of above MAC]

Cross Default Threshold means, with respect to Party B or its Guarantor, as applicable, ____________ dollars ($___________.00).]

Cross Default Threshold means the cross default threshold set out in the Letter. If no such cross default threshold is set out in the Letter it will be deemed to be zero.

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 .

More Definitions of Cross Default Threshold

Cross Default Threshold means as of any date an amount equal to the greater of

Cross Default Threshold means, for a Party, the amount specified in Schedule 1 (Elections).

Cross Default Threshold means the amount set forth on the Addendum for such term.

Cross Default Threshold shall have the meaning specified in the Pricing Letter. “Collection Account” shall have the meaning set forth in Section 5(a) of the Agreement. 12(d)(iv). “Covenant Compliance Certificate” shall have the meaning set forth in Section “Custodial Agreement” shall mean (i) for each Purchased Mortgage Loan for which the related Mortgage File is in the custody of Deutsche Bank National Trust Company, that certain Custodial Agreement dated as of the Original Closing Date, among Seller, Buyer and Deutsche Bank National Trust Company, as the same may be amended from time to time, and (ii) for each Purchased Mortgage Loan for which the related Mortgage File is in the custody of U.S. Bank, National Association, a Custodial Agreement in form and substance acceptable to Buyer as determined in its sole discretion, betweenamong Seller, Buyer and U.S. Bank National Association, as the same may be amended from time to time. Each general reference in this Agreement and any other Program Document to the defined term “Custodial Agreement” shall refer to either or both Custodial Agreements, as the context may require, and each reference in this Agreement or any other Program Document to a Custodial Agreement in respect of specified Purchased Mortgage Loan(s) shall refer to the applicable Custodial Agreement with the Custodian with whom the related Mortgage File for such Purchased Mortgage Loan is being held. “Custodial Mortgage Loan Schedule” shall mean the “Mortgage Loan Schedule” as defined in the Custodial Agreement. “Custodian” shall mean either or both of Deutsche Bank National Trust Company, or U.S. Bank National Association, or, in each case, any permitted successor thereto,

Cross Default Threshold has the meaning given to it in the Schedule;

Cross Default Threshold means the cross default threshold as set out in the Letter.

Cross Default Threshold shall have the meaning specified in the Pricing Letter.