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Template:ISDA English Law Credit Support Deed 2018 13(i): Difference between revisions
Template:ISDA English Law Credit Support Deed 2018 13(i) (view source)
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:(ii) it will not exercise any rights of access in respect of the {{imcsdprov|Posted Credit Support (IM)}} held by the {{imcsdprov|Custodian (IM)}} arising from delivery of such {{imcsdprov|Notice of Exclusive Control}} unless and until a {{imcsdprov|Secured Party Rights Event}} occurs and is continuing. <br> | :(ii) it will not exercise any rights of access in respect of the {{imcsdprov|Posted Credit Support (IM)}} held by the {{imcsdprov|Custodian (IM)}} arising from delivery of such {{imcsdprov|Notice of Exclusive Control}} unless and until a {{imcsdprov|Secured Party Rights Event}} occurs and is continuing. <br> | ||
{{ISDA English Law Credit Support Deed 2018 NEC Event}} | {{ISDA English Law Credit Support Deed 2018 NEC Event}} | ||
{{ISDA English Law Credit Support Deed 2018 Notice of Exclusive Control}} | |||
Notwithstanding the foregoing, if “{{imcsdprov|Control Agreement NEC Event}}” is specified as applicable here with respect to a party as the {{imcsdprov|Chargor}}, a “{{imcsdprov|NEC Event}}” will only occur upon the occurrence of one or more of the events that the {{imcsdprov|Chargor}} and the {{imcsdprov|Secured Party}} have agreed, in the {{imcsdprov|Control Agreement}} or otherwise, will permit the {{imcsdprov|Secured Party}} to deliver a {{imcsdprov|Notice of Exclusive Control}} under the {{imcsdprov|Control Agreement}}: | |||
With respect to Party A acting in its capacity as the {{imcsdprov|Chargor}} and Party B acting in its capacity as the {{imcsdprov|Secured Party}}: {{imcsdprov|Control Agreement NEC Event}} is {{na}}. | |||
With respect to Party B acting in its capacity as the {{imcsdprov|Chargor}} and Party A acting in its capacity as the {{imcsdprov|Secured Party}}: {{imcsdprov|Control Agreement NEC Event}} is {{na}}.<br> | |||