From the service manual, not sure if this helps:
CANCEL OPERATION
When any of following conditions exist, cruise operation will be canceled.
• CANCEL switch is pressed
• More than 2 switches at ASCD steering switch are pressed at the same time (Set speed will be cleared)
• Brake pedal is depressed
• Clutch pedal is depressed or gear position is changed to neutral position. (M/T models)
• Selector lever is the N, P, R position (A/T models)
• Vehicle speed decreased to 13 km/h (8 MPH) lower than the set speed
• TCS system is operated
When the ECM detects any of the following conditions, the ECM will cancel the cruise operation and inform
the driver by blinking indicator lamp.
• Engine coolant temperature is slightly higher than the normal operating temperature, CRUISE lamp may
blink slowly.
When the engine coolant temperature decreases to the normal operating temperature, CRUISE lamp will
stop blinking and the cruise operation will be able to work by pressing SET/COAST switch or RESUME/
ACCELERATE switch.
• Malfunction for some self-diagnoses regarding ASCD control: SET lamp will blink quickly.
If MAIN switch is turned to OFF while ASCD is activated, all of ASCD operations will be canceled and vehicle
speed memory will be erased.
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