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Termination notice - ISDA Give-Up provision: Difference between revisions
Termination notice - ISDA Give-Up provision (view source)
Revision as of 17:35, 21 October 2016
, 21 October 2016no edit summary
Amwelladmin (talk | contribs) (Created page with "One that is sent pursuant to Section {{prov|{{igu}}|4}} ({{prov|{{igu}}|Termination}} of the 2005 {{igu}} Agreement. Effectiveness of a {{prov|{{igu}}|termination notice}} is...") |
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One that is sent pursuant to Section {{prov|{{igu}}|4}} ({{prov|{{igu}}|Termination}} of the 2005 {{igu}} Agreement. | One that is sent pursuant to Section {{prov|{{igu}}|4}} ({{prov|{{igu}}|Termination}}) of the 2005 {{igu}} Agreement. | ||
Effectiveness of a {{prov|{{igu}}|termination notice}} is handled, irritatingly, by {{prov|{{igu}}|Part 5}} of the {{prov|{{igu}}|Schedule}}. | Effectiveness of a {{prov|{{igu}}|termination notice}} is handled, irritatingly, by {{prov|{{igu}}|Part 5}} of the {{prov|{{igu}}|Schedule}}. | ||
To cut a long story short, that provides as follows: | |||
{{box| | |||
{{prov|{{igu}}|Part 5}}. '''{{prov|{{igu}}|Termination notice}}'''. For the purpose of Section {{prov|{{igu}}|4}} of this {{prov|{{igu}}|Agreement}}, the {{prov|{{igu}}|termination notice}} shall be effective: | |||
:[X] one hour after receipt of such termination notice; or | |||
:[ ] as of the {{prov|{{igu}}|Modification Time}}. | |||
“{{prov|{{igu}}|Modification Time}}” means [[ ] hour[s] after receipt of such termination notice][as of the opening of business on the Business Day in the recipient’s location following the date of receipt of such termination notice]. | |||
}} | |||