Template:ISDA New York Law Credit Support Annex 1994 Distributions: Difference between revisions
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“'''{{nycsaprov|Distributions}}'''” means with respect to {{nycsaprov|Posted Collateral}} other than{{nycsaprov|Cash}}, all principal, interest and other payments and distributions of cash or other property with respect thereto, regardless of whether the {{nycsaprov|Secured Party}} has disposed of that {{nycsaprov|Posted Collateral}} under Paragraph {{nycsaprov|6(c)}}. {{nycsaprov|Distributions}} will not include any item of property acquired by the {{nycsaprov|Secured Party}} upon any disposition or liquidation of {{nycsaprov|Posted Collateral}} or, with respect to any {{nycsaprov|Posted Collateral}} in the form of {{nycsaprov|Cash}}, any distributions on that collateral, unless otherwise specified herein. <br> | “'''{{nycsaprov|Distributions}}'''” means with respect to {{nycsaprov|Posted Collateral}} other than {{nycsaprov|Cash}}, all principal, interest and other payments and distributions of cash or other property with respect thereto, regardless of whether the {{nycsaprov|Secured Party}} has disposed of that {{nycsaprov|Posted Collateral}} under Paragraph {{nycsaprov|6(c)}}. {{nycsaprov|Distributions}} will not include any item of property acquired by the {{nycsaprov|Secured Party}} upon any disposition or liquidation of {{nycsaprov|Posted Collateral}} or, with respect to any {{nycsaprov|Posted Collateral}} in the form of {{nycsaprov|Cash}}, any distributions on that collateral, unless otherwise specified herein. <br> | ||
Latest revision as of 12:53, 8 May 2024
“Distributions” means with respect to Posted Collateral other than Cash, all principal, interest and other payments and distributions of cash or other property with respect thereto, regardless of whether the Secured Party has disposed of that Posted Collateral under Paragraph 6(c). Distributions will not include any item of property acquired by the Secured Party upon any disposition or liquidation of Posted Collateral or, with respect to any Posted Collateral in the form of Cash, any distributions on that collateral, unless otherwise specified herein.