Template:Nutshell 1992 ISDA 5(a)(v): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with ":{{isda92prov|5(a)(v)}} '''{{isda92prov|Default under Specified Transaction}}'''. The party or any of its {{isda92prov|Credit Support Provider}} or {{isda92prov|Specified Enti...") |
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Latest revision as of 08:27, 24 September 2020
- 5(a)(v) Default under Specified Transaction. The party or any of its Credit Support Provider or Specified Entities
- (1) defaults under a Specified Transaction and it is then validly accelerated;
- (2) defaults, after expiry of any grace period, in making any final payment or delivery, or early termination payment due under a Specified Transaction (or, where there is no grace period, such default continues for at least three Local Business Days) or
- (3) repudiates a Specified Transaction;