View source for Template:2014 ISDA Credit Derivatives Definitions 2.2

'''Section {{cddprov|2.2}} {{cddprov|Provisions for Determining a Successor}}'''.<br>
{{2014 ISDA Credit Derivatives Definitions 2.2(a)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(b)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(c)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(d)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(e)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(f)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(g)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(h)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(i)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(j)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(k)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(l)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(m)}}
{{2014 ISDA Credit Derivatives Definitions 2.2(n)}}
:{{cddprov|2.2(n)}} Where, pursuant to Section {{cddprov|2.2(a)}}(iii), (iv) or (vi), more than one Successor has been identified, the relevant {{cddprov|Credit Derivative Transaction}} will be divided, with effect from the {{cddprov|Succession Date}}, into the same number of {{cddprov|New Credit Derivative Transaction}}s (the “'''{{cddprov|New Credit Derivative Transactions}}'''”) as there are Successors, with the following terms:<br>
::(i) each Successor will be the {{cddprov|Reference Entity}} for the purposes of one of the {{cddprov|New Credit Derivative Transaction}}s;<br>
::(ii) in respect of each {{cddprov|New Credit Derivative Transaction}}, the {{cddprov|Fixed Rate Payer Calculation Amount}}, if any, and the {{cddprov|Floating Rate Payer Calculation Amount}} will be the {{cddprov|Fixed Rate Payer Calculation Amount}} and the {{cddprov|Floating Rate Payer Calculation Amount}}, as applicable, of the original {{cddprov|Credit Derivative Transaction}} divided by the number of Successors; and<br>
::(iii) all other terms and conditions of the original {{cddprov|Credit Derivative Transaction}} will be replicated in each New {{cddprov|Credit Derivative Transaction}} except that the {{cddprov|Calculation Agent}} (in consultation with the parties) shall make such modifications as it determines are required in order to preserve the economic effects of the original {{cddprov|Credit Derivative Transaction}} in the {{cddprov|New Credit Derivative Transaction}}s (considered in aggregate).<br>