Template:Nutshell 2002 ISDA 2(a): Difference between revisions
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{{ISDA | {{ISDA clausehead|2(a)|}}<br> | ||
:{{isdaprov|2(a)(i)}} Each party must perform its obligations under each {{isdaprov|Transaction}} {{isdaprov|Confirmation}}. <br> | :{{isdaprov|2(a)(i)}} Each party must perform its obligations under each {{isdaprov|Transaction}} {{isdaprov|Confirmation}}. <br> | ||
:{{isdaprov|2(a)(ii)}} Parties must make: | :{{isdaprov|2(a)(ii)}} Parties must make: | ||
::(a) Payments for value the due date | ::(a) Payments for value the specified due date, in freely transferable funds and in the regular fashion for making payments in the currency in question. | ||
::(b) Deliveries for receipt on the due date and in the regular fashion for making deliveries of the asset in question. <br> | ::(b) [[Delivery - ISDA Provision|Deliveries]] for receipt on the due date and in the regular fashion for making deliveries of the asset in question. <br> | ||
{{Nutshell 2002 ISDA 2(a)(iii)}} | {{Nutshell 2002 ISDA 2(a)(iii)}} | ||
Latest revision as of 10:57, 7 February 2022
- 2(a)(i) Each party must perform its obligations under each Transaction Confirmation.
- 2(a)(ii) Parties must make:
- (a) Payments for value the specified due date, in freely transferable funds and in the regular fashion for making payments in the currency in question.
- (b) Deliveries for receipt on the due date and in the regular fashion for making deliveries of the asset in question.
- 2(a)(iii) Each party’s obligations under each Transaction are conditional upon:
- (1) there being no uncured Event of Default or Potential Event of Default against the other party.
- (2) no Early Termination Date having been designated for the Transaction.
- (3) each other condition precedent in this Agreement being met.