Additional termination event, NAV trigger, cross-default clause क्या है?

An additional termination event is a termination event the parties add in the schedule. A NAV trigger is an additional termination event against a fund: a fall in its net asset value by more than agreed percentages over one, three or twelve months, or below a floor. A cross-default clause makes a party’s default under other agreements for borrowed money, above a threshold amount, an event of default under this one.