Template:Nutshell 2002 ISDA 5(a)(iii): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with ":{{isdaprov|5(a)(iii)}} '''{{isdaprov|Credit Support Default}}'''. <br> ::(1) The party or its {{isdaprov|Credit Support Provider}} defaults under any {{isdaprov|Credit Suppor...") |
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Revision as of 15:35, 22 March 2018
- 5(a)(iii) Credit Support Default.
- (1) The party or its Credit Support Provider defaults under any Credit Support Document;
- (2) Any Credit Support Document (or any security interest granted under one) terminates or becomes ineffective (except according to its terms) while any covered Transaction without the other party's written consent; or
- (3) the party or its Credit Support Provider repudiates any obligations under Credit Support Document;