Template:ISDA Master Agreement 2002 5(a)(viii): Difference between revisions

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{{isdaprov|5(a)(viii)}} '''{{isdaprov|Merger Without Assumption}}'''. The party or any {{isdaprov|Credit Support Provider}} of such party consolidates <br>or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, or reorganises, <br>reincorporates or reconstitutes into or as, another entity and, at the time of such consolidation, <br>amalgamation, merger, transfer, reorganisation, reincorporation or reconstitution:―<br>
:{{isdaprov|5(a)(viii)}} '''{{isdaprov|Merger Without Assumption}}'''. The party or any {{isdaprov|Credit Support Provider}} of such party consolidates or amalgamates with, or merges with or into, or transfers [[all or substantially all]] its assets to, or reorganises, reincorporates or reconstitutes into or as, another entity and, at the time of such consolidation, amalgamation, merger, transfer, reorganisation, reincorporation or reconstitution:―<br>
:{{isdaprov|5(a)(viii)(l)}} the resulting, surviving or transferee entity fails to assume all the obligations of such party <br>or such {{isdaprov|Credit Support Provider}} under this {{isdaprov|Agreement}} or any {{isdaprov|Credit Support Document}} to which it <br>or its predecessor was a party; or<br>
::{{isdaprov|5(a)(viii)(1)}} the resulting, surviving or transferee entity fails to assume all the obligations of such party or such {{isdaprov|Credit Support Provider}} under this {{isdaprov|Agreement}} or any {{isdaprov|Credit Support Document}} to which it or its predecessor was a party; or<br>
:{{isdaprov|5(a)(viii)(2)}} the benefits of any {{isdaprov|Credit Support Document}} fail to extend (without the consent of the <br>other party) to the performance by such resulting, surviving or transferee entity of its obligations <br>under this {{isdaprov|Agreement}}.
::{{isdaprov|5(a)(viii)(2)}} the benefits of any {{isdaprov|Credit Support Document}} fail to extend (without the consent of the other party) to the performance by such resulting, surviving or transferee entity of its obligations under this {{isdaprov|Agreement}}.<br>

Latest revision as of 15:14, 21 November 2019

5(a)(viii) Merger Without Assumption. The party or any Credit Support Provider of such party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, or reorganises, reincorporates or reconstitutes into or as, another entity and, at the time of such consolidation, amalgamation, merger, transfer, reorganisation, reincorporation or reconstitution:―
5(a)(viii)(1) the resulting, surviving or transferee entity fails to assume all the obligations of such party or such Credit Support Provider under this Agreement or any Credit Support Document to which it or its predecessor was a party; or
5(a)(viii)(2) the benefits of any Credit Support Document fail to extend (without the consent of the other party) to the performance by such resulting, surviving or transferee entity of its obligations under this Agreement.
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