Template:ISDA Master Agreement 2002 2(a)(iii): Difference between revisions
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{{isdaprov|2(a)(iii)}} Each obligation of each party under Section {{isdaprov|2(a)(i)}} is subject to (1) the [[condition precedent]] that no {{isdaprov|Event of Default}} or {{isdaprov|Potential Event of Default}} with respect to the other party has occurred | :{{isdaprov|2(a)(iii)}} Each obligation of each party under Section {{isdaprov|2(a)(i)}} is subject to (1) the [[condition precedent]] that no {{isdaprov|Event of Default}} or {{isdaprov|Potential Event of Default}} with respect to the other party has occurred and is continuing, (2) the [[condition precedent]] that no {{isdaprov|Early Termination Date}} in respect of the relevant {{isdaprov|Transaction}} has occurred or been effectively designated and (3) each other condition specified in this {{isdaprov|Agreement}} to be a [[condition precedent]] for the purpose of this Section {{isdaprov|2(a)(iii)}}.<br> | ||
Latest revision as of 12:34, 4 May 2024
- 2(a)(iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other condition specified in this Agreement to be a condition precedent for the purpose of this Section 2(a)(iii).