Template:Nutshell 2002 ISDA 5(a)(viii): Difference between revisions
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{{isdaprov|5(a)(viii)}} '''{{isdaprov|Merger Without Assumption}}'''. The party (or a {{isdaprov|Credit Support Provider}}) merges with or transfers or [[substantially all its assets]] to another entity and:― | {{isdaprov|5(a)(viii)}} '''{{isdaprov|Merger Without Assumption}}'''. The party (or a {{isdaprov|Credit Support Provider}}) merges with or transfers or [[all or substantially all its assets]] to another entity and:― | ||
:(1) the resulting entity fails to assume ''all'' the original party’s obligations under this {{isdaprov|Agreement}} or the relevant {{isdaprov|Credit Support Document}}; or | :(1) the resulting entity fails to assume ''all'' the original party’s obligations under this {{isdaprov|Agreement}} or the relevant {{isdaprov|Credit Support Document}}; or | ||
:(2) the {{isdaprov|Credit Support Document}} does not extend to the resulting party’s performance under this {{isdaprov|Agreement}}. | :(2) the {{isdaprov|Credit Support Document}} does not extend to the resulting party’s performance under this {{isdaprov|Agreement}}. | ||
Revision as of 17:20, 19 March 2018
5(a)(viii) Merger Without Assumption. The party (or a Credit Support Provider) merges with or transfers or all or substantially all its assets to another entity and:―
- (1) the resulting entity fails to assume all the original party’s obligations under this Agreement or the relevant Credit Support Document; or
- (2) the Credit Support Document does not extend to the resulting party’s performance under this Agreement.