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Cross-default clause: Copy, customize, and use instantly

Introduction

A cross-default clause establishes that a default under one agreement triggers a default under another related agreement. It is commonly used in financial transactions to protect creditors and maintain the enforceability of multiple obligations across agreements.

Below are templates for cross-default clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.

Cross-default for loan agreements

This variation links defaults under one loan agreement to defaults under other related loan agreements.

A default by the borrower under any loan agreement with the lender or its affiliates, involving an amount exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for bond issuances

This variation applies to bond agreements, triggering a default when other bond obligations are not met.

An event of default under any bond issuance by the issuer, where the outstanding principal exceeds [specified amount], shall constitute an event of default under this Agreement.

Cross-default for financial covenants

This variation ties default under financial covenants in one agreement to defaults in others.

A failure by the borrower to comply with any financial covenant in any agreement with the lender or its affiliates shall constitute a default under this Agreement.

Cross-default for supplier agreements

This variation applies to agreements with suppliers, triggering defaults in linked agreements.

A default under any agreement with a key supplier involving obligations exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for guarantor obligations

This variation ties the guarantor’s default under other agreements to the agreement in question.

A default by the guarantor under any other guarantee agreement exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for secured obligations

This variation applies when secured obligations under one agreement impact others.

A default on any secured obligation of the borrower, where the collateral value exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for leases

This variation links defaults under one lease agreement to defaults in other leases with the same party.

A default by the lessee under any lease agreement with the lessor involving rental obligations exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for debt instruments

This variation applies to any defaults under debt instruments, linking them to other financial agreements.

A default by the issuer under any debt instrument, where the outstanding debt exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for intercompany agreements

This variation ties defaults in agreements between related entities to the current agreement.

A default under any agreement between the borrower and its affiliates or subsidiaries, involving obligations exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for revolving credit facilities

This variation applies to defaults under revolving credit facilities that impact other financial obligations.

A default by the borrower under any revolving credit facility, where the total outstanding balance exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for equity commitments

This variation applies when equity funding commitments are linked across agreements.

A failure to fulfill any equity funding commitment under another agreement, where the commitment exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for margin calls

This variation applies to defaults in meeting margin calls under related agreements.

A failure to meet any margin call under another agreement, involving obligations exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for trade finance agreements

This variation links defaults under trade finance arrangements to defaults in other agreements.

A default under any trade finance agreement involving obligations exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for syndicated loans

This variation ties defaults in syndicated loan agreements to other financial obligations.

A default under any syndicated loan agreement, where the borrower’s share of outstanding obligations exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for non-payment of obligations

This variation applies when non-payment of obligations in one agreement affects others.

A failure to pay any amount due under any other agreement with the lender or its affiliates shall constitute a default under this Agreement if the overdue amount exceeds [specified amount].

Cross-default for performance guarantees

This variation applies to defaults under performance guarantees provided in other agreements.

A default under any performance guarantee provided by the borrower, where the guaranteed amount exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for investment agreements

This variation links defaults under investment agreements to defaults in other related agreements.

A default under any investment agreement involving obligations exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for payment defaults in derivative contracts

This variation applies to defaults under derivative contracts that impact other financial agreements.

A default under any derivative contract, where the payment obligation exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for joint venture agreements

This variation ties defaults in joint venture agreements to defaults under related contracts.

A default under any joint venture agreement, where the financial exposure exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for shareholder agreements

This variation ties defaults under shareholder agreements to other related obligations.

A breach or default under any shareholder agreement involving obligations exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for regulatory compliance breaches

This variation links regulatory non-compliance in one agreement to defaults in others.

A default caused by a regulatory compliance breach under any related agreement involving obligations exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for payment guarantees

This variation applies when defaulting on payment guarantees affects other agreements.

A failure to meet obligations under any payment guarantee provided by the borrower, where the guaranteed amount exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for subordinated debt

This variation ties defaults under subordinated debt agreements to the primary agreement.

A default under any subordinated debt agreement involving amounts exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for escrow agreements

This variation applies to defaults related to escrow obligations that impact other agreements.

A failure to fulfill obligations under any escrow agreement involving funds exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for vendor financing

This variation links defaults in vendor financing arrangements to other obligations.

A default under any vendor financing agreement, where the financing amount exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for deferred payments

This variation applies to defaults under deferred payment arrangements connected to the agreement.

A failure to make deferred payments under any agreement involving amounts exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for letters of credit

This variation ties defaults under letters of credit to the agreement in question.

A failure to honor obligations under any letter of credit issued by the borrower, involving amounts exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for acquisition financing

This variation links defaults in acquisition financing arrangements to other agreements.

A default under any acquisition financing agreement involving obligations exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for factoring agreements

This variation applies when defaults in factoring agreements affect related contracts.

A default under any factoring agreement involving receivables exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for utility service contracts

This variation ties defaults in utility service agreements to the main agreement.

A failure to meet obligations under any utility service agreement, where the overdue amount exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for partnership agreements

This variation links defaults under partnership agreements to defaults in other related contracts.

A default under any partnership agreement, involving financial obligations exceeding [specified amount], shall constitute a default under this Agreement.

Cross-default for fixed-asset leases

This variation applies to defaults under fixed-asset lease agreements.

A failure to fulfill obligations under any fixed-asset lease agreement, where the lease value exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for loan syndication commitments

This variation links defaults in loan syndication commitments to related agreements.

A default under any loan syndication commitment involving amounts exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for secured financing

This variation ties defaults in secured financing agreements to the main agreement.

A default under any secured financing agreement involving collateral valued at [specified threshold] or higher shall constitute a default under this Agreement.

Cross-default for milestone-based payments

This variation applies to defaults in agreements requiring milestone-based payments.

A failure to make milestone-based payments under any related agreement, involving amounts exceeding [specified amount], shall constitute a default under this Agreement.

Cross-default for asset purchase agreements

This variation links defaults under asset purchase agreements to other contracts.

A default under any asset purchase agreement involving transaction amounts exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for construction agreements

This variation ties defaults under construction contracts to related agreements.

A failure to meet obligations under any construction agreement, where the contract value exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for renewable energy agreements

This variation applies to defaults in renewable energy supply or project agreements.

A default under any renewable energy agreement involving obligations exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for subscription-based services

This variation ties defaults in subscription service agreements to other related contracts.

A failure to meet payment obligations under any subscription-based service agreement, involving amounts exceeding [specified amount], shall constitute a default under this Agreement.

Cross-default for loan restructuring agreements

This variation applies when defaults in loan restructuring agreements trigger defaults under the main agreement.

A failure to comply with the terms of any loan restructuring agreement involving obligations exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for insurance premium payments

This variation ties defaults in insurance premium payments to other agreements.

A default in the payment of insurance premiums under any policy related to this Agreement, where the overdue amount exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for licensing agreements

This variation links defaults in licensing agreements to other financial or operational contracts.

A failure to fulfill obligations under any licensing agreement involving amounts exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for project financing

This variation applies when defaults under project financing arrangements affect other agreements.

A default under any project financing agreement, where the obligations exceed [specified threshold], shall constitute a default under this Agreement.

Cross-default for credit card obligations

This variation ties defaults in corporate credit card agreements to related contracts.

A default under any corporate credit card agreement involving balances exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for payment processing contracts

This variation applies when defaults in payment processing contracts trigger defaults in the primary agreement.

A failure to meet obligations under any payment processing contract, involving transactions exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for joint venture financing

This variation links defaults in joint venture financing to related obligations.

A default under any joint venture financing agreement, where the financial exposure exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for dividend payment commitments

This variation applies when defaults in dividend payment commitments affect related agreements.

A failure to pay dividends as required under any agreement, involving amounts exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for vendor payment terms

This variation ties defaults in meeting vendor payment terms to the current agreement.

A default under any vendor payment agreement involving overdue amounts exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for equipment leasing

This variation applies to defaults in equipment lease agreements linked to the main agreement.

A failure to fulfill obligations under any equipment lease agreement, where the lease value exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for service-level agreements (SLAs)

This variation ties defaults under SLAs to other contracts with similar parties.

A breach of any service-level agreement with performance obligations exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for warehouse storage agreements

This variation applies to defaults under warehouse storage contracts affecting the primary agreement.

A default under any warehouse storage agreement, involving storage fees exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for freight and logistics agreements

This variation links defaults in freight and logistics agreements to the main contract.

A failure to meet obligations under any freight or logistics agreement, where the contract value exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for performance bonds

This variation ties defaults in performance bonds to related agreements.

A failure to maintain or comply with the terms of any performance bond involving obligations exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for interest rate swap agreements

This variation applies to defaults under interest rate swap agreements connected to the primary contract.

A default under any interest rate swap agreement, involving transactions exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for payroll processing agreements

This variation ties defaults under payroll processing agreements to other related contracts.

A failure to meet obligations under any payroll processing agreement, where the overdue amount exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for real estate financing

This variation applies to defaults in real estate financing agreements linked to the primary agreement.

A default under any real estate financing agreement involving obligations exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for subscription-based revenue models

This variation ties defaults in subscription-based revenue models to other financial contracts.

A failure to meet obligations under any subscription-based revenue agreement, where the overdue balance exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for asset-backed securities

This variation links defaults in asset-backed securities to the primary agreement.

A default under any agreement related to asset-backed securities, involving obligations exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for revolving fund commitments

This variation applies to defaults under revolving fund commitments tied to the agreement.

A failure to fulfill obligations under any revolving fund commitment, where the unpaid amount exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for fixed-income obligations

This variation ties defaults in fixed-income obligations to other financial agreements.

A default under any fixed-income obligation, where the outstanding balance exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for financial guarantee agreements

This variation applies when defaults in financial guarantees trigger defaults in related agreements.

A failure to honor obligations under any financial guarantee agreement, involving guaranteed amounts exceeding [specified amount], shall constitute a default under this Agreement.

Cross-default for technology service agreements

This variation ties defaults in technology service agreements to the current agreement.

A breach of any technology service agreement involving obligations exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for factoring receivables

This variation applies when defaults in factoring receivables arrangements affect the primary agreement.

A default under any factoring receivables agreement, involving amounts exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for restructuring plans

This variation links defaults under restructuring plans to other agreements.

A failure to comply with any restructuring plan involving financial obligations exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for utility agreements

This variation applies to defaults under utility agreements affecting related contracts.

A failure to meet obligations under any utility agreement involving overdue payments exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for microfinance obligations

This variation ties defaults in microfinance obligations to other related agreements.

A default under any microfinance agreement, where the outstanding balance exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for trade credit arrangements

This variation links defaults under trade credit arrangements to the main contract.

A failure to fulfill obligations under any trade credit arrangement involving amounts exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for mezzanine financing

This variation applies when defaults in mezzanine financing agreements affect the primary contract.

A default under any mezzanine financing agreement involving obligations exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for deferred compensation agreements

This variation ties defaults under deferred compensation arrangements to the current agreement.

A failure to fulfill obligations under any deferred compensation agreement, involving amounts exceeding [specified amount], shall constitute a default under this Agreement.

Cross-default for escrow account funding

This variation links defaults in escrow account funding to other agreements.

A failure to fund or maintain the escrow account as required under any related agreement, where the obligation exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for crowdfunding obligations

This variation applies when crowdfunding defaults impact related financial contracts.

A failure to meet payment or performance obligations under any crowdfunding agreement, where the amount exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for bridge loans

This variation ties defaults in bridge loan arrangements to other agreements.

A default under any bridge loan agreement involving obligations exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for multi-tier financing agreements

This variation applies to defaults in multi-tier financing structures that impact the main contract.

A failure to meet obligations under any multi-tier financing agreement, where the outstanding balance exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for export credit arrangements

This variation links defaults in export credit agreements to the primary contract.

A default under any export credit arrangement involving obligations exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for operational leases

This variation ties defaults under operational lease agreements to related contracts.

A failure to comply with obligations under any operational lease agreement, where the lease value exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for green energy financing

This variation applies to defaults in green energy financing agreements linked to the primary contract.

A default under any green energy financing agreement involving amounts exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for franchise agreements

This variation ties defaults in franchise agreements to other financial or operational contracts.

A default under any franchise agreement, where the financial obligations exceed [specified amount], shall constitute a default under this Agreement.

Cross-default for intellectual property pledges

This variation applies when defaults under intellectual property pledges affect related agreements.

A failure to meet obligations under any intellectual property pledge agreement, involving pledged assets exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for interbank agreements

This variation ties defaults in interbank agreements to related financial contracts.

A default under any interbank agreement, where the outstanding amount exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for purchase order financing

This variation applies to defaults in purchase order financing linked to the primary agreement.

A default under any purchase order financing agreement involving amounts exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for cash management services

This variation ties defaults under cash management service agreements to related contracts.

A failure to fulfill obligations under any cash management services agreement, where the obligation exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for cryptocurrency transactions

This variation applies to defaults in cryptocurrency transaction agreements affecting related obligations.

A default under any cryptocurrency transaction agreement involving amounts exceeding [specified threshold] shall constitute a default under this Agreement.

Cross-default for factoring facilities

This variation ties defaults in factoring facilities to other financial agreements.

A failure to meet obligations under any factoring facility agreement, where the obligation exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for shared service agreements

This variation applies when defaults in shared service arrangements impact related agreements.

A default under any shared service agreement, involving obligations exceeding [specified amount], shall constitute a default under this Agreement.

Cross-default for venture capital funding

This variation ties defaults in venture capital funding agreements to related contracts.

A failure to fulfill obligations under any venture capital funding agreement, where the financial exposure exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for student loan programs

This variation applies to defaults in student loan program agreements linked to the main agreement.

A default under any student loan program agreement involving amounts exceeding [specified amount] shall constitute a default under this Agreement.

Cross-default for sovereign debt agreements

This variation ties defaults in sovereign debt obligations to related financial agreements.

A default under any sovereign debt agreement, involving obligations exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for hybrid securities

This variation applies to defaults in hybrid securities agreements affecting the main contract.

A default under any hybrid securities agreement, where the outstanding obligations exceed [specified threshold], shall constitute a default under this Agreement.

Cross-default for secured trade finance

This variation ties defaults in secured trade finance agreements to other obligations.

A failure to meet obligations under any secured trade finance agreement, where the collateral value exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for syndicated debt facilities

This variation applies to defaults in syndicated debt facilities connected to the primary agreement.

A default under any syndicated debt facility, involving obligations exceeding [specified amount], shall constitute a default under this Agreement.

Cross-default for crowdfunding equity agreements

This variation ties defaults in equity crowdfunding agreements to related obligations.

A failure to fulfill obligations under any crowdfunding equity agreement, where the financial exposure exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for long-term rental agreements

This variation applies to defaults in long-term rental agreements linked to the main agreement.

A default under any long-term rental agreement, where the contract value exceeds [specified amount], shall constitute a default under this Agreement.

This variation ties defaults in profit-sharing agreements to related contracts.

A failure to meet obligations under any profit-sharing agreement, involving amounts exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for agricultural financing

This variation applies to defaults in agricultural financing agreements affecting related obligations.

A default under any agricultural financing agreement, where the outstanding amount exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for subscription-based technology services

This variation ties defaults in subscription-based technology service agreements to the primary contract.

A failure to fulfill obligations under any subscription-based technology service agreement, involving payments exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for real estate joint ventures

This variation applies when defaults in real estate joint venture agreements trigger defaults under the main agreement.

A default under any real estate joint venture agreement, where the financial exposure exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for logistics service contracts

This variation ties defaults in logistics service agreements to related contracts.

A failure to fulfill obligations under any logistics service agreement, where the contract value exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for debt-to-equity conversion agreements

This variation applies to defaults in debt-to-equity conversion arrangements affecting related contracts.

A default under any debt-to-equity conversion agreement, where the converted amount exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for renewable energy project financing

This variation ties defaults in renewable energy project financing agreements to the primary contract.

A default under any renewable energy project financing agreement, involving obligations exceeding [specified amount], shall constitute a default under this Agreement.

Cross-default for fintech payment agreements

This variation applies to defaults in fintech payment processing agreements linked to other obligations.

A failure to meet obligations under any fintech payment processing agreement, involving amounts exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for commercial property leases

This variation ties defaults in commercial property lease agreements to related financial contracts.

A default under any commercial property lease agreement, where the lease value exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for receivables securitization

This variation applies to defaults in receivables securitization agreements affecting other financial arrangements.

A default under any receivables securitization agreement, involving obligations exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for managed services agreements

This variation ties defaults in managed services contracts to other agreements.

A failure to meet obligations under any managed services agreement, where the overdue amount exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for construction project loans

This variation applies when defaults in construction project financing agreements impact other obligations.

A default under any construction project loan agreement, where the outstanding balance exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for intellectual property licensing fees

This variation ties defaults in licensing fee payments to related contracts.

A failure to pay licensing fees under any intellectual property agreement, involving amounts exceeding [specified amount], shall constitute a default under this Agreement.

Cross-default for high-yield bonds

This variation applies to defaults in high-yield bond agreements connected to the main contract.

A default under any high-yield bond agreement, where the outstanding principal exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for corporate guarantees

This variation ties defaults under corporate guarantees to the primary agreement.

A failure to fulfill obligations under any corporate guarantee agreement, involving guaranteed amounts exceeding [specified amount], shall constitute a default under this Agreement.

Cross-default for affiliate agreements

This variation applies to defaults in affiliate agreements linked to the main contract.

A default under any agreement with affiliates, where the financial exposure exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for tax credit financing

This variation ties defaults in tax credit financing agreements to other financial arrangements.

A failure to meet obligations under any tax credit financing agreement, involving amounts exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for revolving credit lines

This variation applies to defaults in revolving credit line agreements connected to related contracts.

A default under any revolving credit line agreement, where the utilized amount exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for government contracts

This variation ties defaults under government contracts to related financial agreements.

A failure to fulfill obligations under any government contract, involving obligations exceeding [specified threshold], shall constitute a default under this Agreement.

This variation applies when defaults in profit-loss sharing agreements trigger defaults under related contracts.

A default under any profit-loss sharing agreement, where the financial exposure exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for multilateral financing

This variation ties defaults in multilateral financing agreements to other obligations.

A failure to meet obligations under any multilateral financing agreement, involving amounts exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for venture debt arrangements

This variation applies to defaults in venture debt agreements linked to the primary contract.

A default under any venture debt arrangement, where the outstanding principal exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for export-import bank agreements

This variation ties defaults in export-import bank financing agreements to other obligations.

A failure to meet obligations under any export-import bank financing agreement, involving obligations exceeding [specified threshold], shall constitute a default under this Agreement.

This variation applies to defaults in cost-sharing agreements tied to operational activities.

A default under any operational cost-sharing agreement, where the cost-sharing amount exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for merchant cash advances

This variation ties defaults in merchant cash advance agreements to other financial contracts.

A failure to meet obligations under any merchant cash advance agreement, involving amounts exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for deferred revenue contracts

This variation applies to defaults in deferred revenue agreements impacting related contracts.

A default under any deferred revenue agreement, involving obligations exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for angel investment agreements

This variation ties defaults in angel investment agreements to related obligations.

A failure to meet obligations under any angel investment agreement, where the financial exposure exceeds [specified amount], shall constitute a default under this Agreement.

Cross-default for bond repurchase agreements

This variation applies to defaults in bond repurchase agreements linked to other contracts.

A default under any bond repurchase agreement, involving amounts exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for supply chain financing

This variation ties defaults in supply chain financing arrangements to related financial obligations.

A failure to meet obligations under any supply chain financing agreement, where the utilized amount exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for research and development funding

This variation applies when defaults in R&D funding agreements trigger defaults in related contracts.

A default under any research and development funding agreement, involving obligations exceeding [specified amount], shall constitute a default under this Agreement.

Cross-default for equity-linked bonds

This variation ties defaults in equity-linked bond agreements to related financial contracts.

A failure to meet obligations under any equity-linked bond agreement, where the principal exceeds [specified threshold], shall constitute a default under this Agreement.

Cross-default for syndicated trade loans

This variation applies to defaults in syndicated trade loan agreements impacting the main contract.

A default under any syndicated trade loan agreement, involving amounts exceeding [specified threshold], shall constitute a default under this Agreement.

Cross-default for minority shareholder agreements

This variation ties defaults in minority shareholder agreements to related contracts.

A failure to meet obligations under any minority shareholder agreement, involving amounts exceeding [specified amount], shall constitute a default under this Agreement.

This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.

Last updated 14 Feb 2025