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Cross-default

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Cross-default
A provision under which default on one debt obligation triggers default on another debt obligation.
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We'll take a look at an operator's other properties with an eye to financing them as a group, because we like to be able to cross-collateralize, cross-default.
Health care REITs: focus on long-term care by McAlister, Lisa / Nursing Homes
All outstanding debentures and notes were issued under the 1997 Indenture, which does not provide any material restrictions related to additional debt, change of control or sale of assets, nor does it contain any cross-default or cross-acceleration provisions.
Fitch Places ServiceMaster's 'BBB-' IDR on Rating Watch Negative by Business Wire
The Clear Channel Indenture does not provide any material restrictions related to additional debt, change of control or sale of assets, nor does it contain any cross-default or cross-acceleration provisions.
Fitch Lowers Clear Channel's IDR to 'BB-'; Remains on Watch Negative by Business Wire
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