Template:ISDA English Law Credit Support Annex 1995 5(a): Difference between revisions
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{{csaprov|5(a)}} '''{{csaprov|Transfer of Title}}'''. Each party agrees that all right, title and interest in and to any Eligible Credit | {{csaprov|5(a)}} '''{{csaprov|Transfer of Title}}'''. Each party agrees that all right, title and interest in and to any {{csaprov|Eligible Credit Support}}, {{csaprov|Equivalent Credit Support}}, {{csaprov|Equivalent Distributions}} or {{csaprov|Interest Amount}} which it transfers to the other party under the terms of this {{csaprov|Annex}} shall vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system). <br> | ||
Latest revision as of 18:43, 25 January 2017
5(a) Transfer of Title. Each party agrees that all right, title and interest in and to any Eligible Credit Support, Equivalent Credit Support, Equivalent Distributions or Interest Amount which it transfers to the other party under the terms of this Annex shall vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system).