Template:Nycsaprov Distributions definition: Difference between revisions

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{{raw:jc:ISDA New York Law Credit Support Annex 1994 Distributions}}
{{ISDA New York Law Credit Support Annex 1994 Distributions}}

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.