A provisions in a bond indenture or loan agreement that puts the borrower in default if the borrower defaults on another obligation. Also known as "cross acceleration".
http://www.investopedia.com/terms/c/crossdefault.asp
Common stipulation in loan agreements under which a bank has a right to deny access to balances in any or all loan accounts to a borrower (with several loans at the same bank) even if only one loan goes into default. ... See also cross collateral clause. ... cross-default clause in the news...
www.businessdictionary.com/definition/cross-default-cla... www.businessdictionary.com/definition/cross-default-clause.html
Definition of Cross-Default in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Cross-Default? Meaning of Cross-Default as a finance term. What does Cross-Default mean in finance? ... Cross-Default; cross-defaulting clause; Cross-holdings; Cross-sectional analysis;
financial-dictionary.thefreedictionary.com/Cross-defaul... financial-dictionary.thefreedictionary.com/Cross-default
Brief and Straightforward Guide: What Is a Cross Default? ... Because cross default clauses are so common, they are often included in the terms and conditions of any basic loan contract. However, there are lenders that choose to not include any type of accelerated default clause in their loan contracts.
www.wisegeek.com/what-is-a-cross-default.htm www.wisegeek.com/what-is-a-cross-default.htm
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24 CFR 241.1235 - Cross default. - Code of Federal Regulations - Title 24: Housing and Urban Development - TITLE 24 - HOUSING AND URBAN DEVELOPMENT SUBTITLE B - REGULATIONS RELATING TO HOUSING AND... ... 241.1235 - Cross default. In the event the borrower commits a default under a prior recorded insured mortgage and the...
cfr.vlex.com/vid/241-1235-cross-default-19926491 cfr.vlex.com/vid/241-1235-cross-default-19926491
3. Any Event of Default under any of the above-referenced agreements shall constitute an Event of Default under all of the above-referenced agreements, and, except as may otherwise be agreed upon in a writing signed by the relevant parties, the termination or expiration of any of the above-referenced...
contracts.onecle.com/polo/jones.lic.1998.05.11.shtml