Template:ISDA Master Agreement 2002 10(b): Difference between revisions

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(Created page with ":{{isdaprov|10(b)}} If a party is specified as a {{isdaprov|Multibranch Party}} in the {{isdaprov|Schedule}}, such party may, subject to clause (c) below, enter into a {{isdap...")
 
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:{{isdaprov|10(b)}} If a party is specified as a {{isdaprov|Multibranch Party}} in the {{isdaprov|Schedule}}, such party may, subject to clause (c) below, enter into a {{isdaprov|Transaction}} through, book a {{isdaprov|Transaction}} in and make and receive payments and deliveries with respect to a {{isdaprov|Transaction}} through any Office listed in respect of that party in the {{isdaprov|Schedule}} (but not any other Office unless otherwise agreed by the parties in writing).  <br>
:{{isdaprov|10(b)}} If a party is specified as a {{isdaprov|Multibranch Party}} in the {{isdaprov|Schedule}}, such party may, subject to clause (c) below, enter into a {{isdaprov|Transaction}} through, book a {{isdaprov|Transaction}} in and make and receive payments and deliveries with respect to a {{isdaprov|Transaction}} through any Office listed in respect of that party in the {{isdaprov|Schedule}} (but not any other Office unless otherwise agreed by the parties in writing).  <br>
:{{isdaprov|10(c)}} The {{isdaprov|Office}} through which a party enters into a {{isdaprov|Transaction}} will be the {{isdaprov|Office}} specified for that party in the relevant {{isdaprov|Confirmation}} or as otherwise agreed by the parties in writing, and, if an {{isdaprov|Office}} for that party is not specified in the {{isdaprov|Confirmation}} or otherwise agreed by the parties in writing, its head or home office. Unless the parties otherwise agree in writing, the {{isdaprov|Office}} through which a party enters into a {{isdaprov|Transaction}} will also be the {{isdaprov|Office}} in which it books the {{isdaprov|Transaction}} and the {{isdaprov|Office}} through which it makes and receives payments and deliveries with respect to the {{isdaprov|Transaction}}. Subject to Section {{isdaprov|6(b)(ii)}}, neither party may change the {{isdaprov|Office}} in which it books the {{isdaprov|Transaction}} or the Office through which it makes and receives payments or deliveries with respect to a {{isdaprov|Transaction}} without the prior written consent of the other party. <br>

Revision as of 08:24, 9 August 2018

10(b) If a party is specified as a Multibranch Party in the Schedule, such party may, subject to clause (c) below, enter into a Transaction through, book a Transaction in and make and receive payments and deliveries with respect to a Transaction through any Office listed in respect of that party in the Schedule (but not any other Office unless otherwise agreed by the parties in writing).
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