So in the aftermath of a default, creditors would in theory have to sit still and wait over many years to find out what Greece either could or would want to pay back.

BBC: Is a Greek default so bad for Greece?

So in theory if cross-default or accelerated payment clauses were unexpectedly to turn up in bond documentation, the Greek parliament could legislate to make them null and void.

BBC: Is a Greek default so bad for Greece?

The deal, in theory, avoids the possibility of a imminent default on US payment obligations and lets Republicans off the hook.

FORBES: On Washington, Investor Confidence At Zero