From The Jolly Contrarian
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| One that is sent pursuant to Section {{prov|{{igu}}|4}} ({{prov|{{igu}}|Termination}}) of the 2005 {{igu}} Agreement.
| | #redirect[[Part 5 - ISDA Give-Up provision]] |
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| Effectiveness of a {{prov|{{igu}}|termination notice}} is handled, irritatingly, by {{prov|{{igu}}|Part 5}} of the {{prov|{{igu}}|Schedule}}.
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| To cut a long story short, that provides as follows:
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| :{{prov|{{igu}}|Part 5}}. '''{{prov|{{igu}}|Termination notice}}'''. For the purpose of Section {{prov|{{igu}}|4}} of this {{prov|{{igu}}|Agreement}}, the {{prov|{{igu}}|termination notice}} shall be effective: <br />
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| ::[X] one hour after receipt of such termination notice; or <br />
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| ::[ ] as of the {{prov|{{igu}}|Modification Time}}.<br />
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| :“{{prov|{{igu}}|Modification Time}}” means [[ ] hour[s] after receipt of such termination notice][as of the opening of business on the Business Day in the recipient’s location following the date of receipt of such termination notice].<br />
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Latest revision as of 17:43, 21 October 2016