Termination notice - ISDA Give-Up provision: Difference between revisions

Termination notice - ISDA Give-Up provision (view source)

16 bytes added , 21 October 2016

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 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: <br />
-{{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 <br />
+::[  ]	as of the {{prov|{{igu}}|Modification Time}}.<br />
-:[X]	one hour after receipt of such termination notice; or
+:“{{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].<br />
-:[  ]	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].
-}}