Cross default

Cross default
A provision under which default on one debt obligation triggers default on another debt
obligation.
Related Terms: ...

cross default
Provision in the loan documents in which the debtor agrees that default on one loan will also constitute default on other obligations to the creditor.
cross hedge ...

Cross default
Default on a loan agreement, which results in the default of the entire loan portfolio.
Popular terms ...

Cross default:
A default by another project participant or by the Sponsor (other than the Project Financing) triggers a Default.
Cross-Collateral: ...

See also: Cross Default, Default Risk, Futures Contract, Interest, Non-Performing Loan, Principal, Whoops
? Mentioned in
AAA
After-Acquired Clause
Credit Default Swap
Credit Linked Note - CLN
Credit Rating ...

See also: Default risk, Bond indenture, Indenture, Expense, Internal rate of return