Template:ISDA English Law Credit Support Annex 1995 4(b): Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) m Text replacement - "For the avoidance of doubt" to "{{f|For the avoidance of doubt}}" |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{csaprov|4(b)}} '''{{csaprov|No Event of Default}}'''. The failure by a party to make a transfer of any amount which is the subject | {{csaprov|4(b)}} '''{{csaprov|No Event of Default}}'''. The failure by a party to make a transfer of any amount which is the subject of a dispute to which Paragraph {{csaprov|4(a)}} applies will not constitute an {{isdaprov|Event of Default}} for as long as the procedures set out in this Paragraph {{csaprov|4}} are being carried out. {{f|For the avoidance of doubt}}, upon completion of those procedures, Section {{isdaprov|5(a)(i)}} of this {{isdaprov|Agreement}} will apply to any failure by a party to make a transfer required under the final sentence of Paragraph {{csaprov|4(a)}} on the relevant due date. <br> | ||
Latest revision as of 04:00, 28 December 2019
4(b) No Event of Default. The failure by a party to make a transfer of any amount which is the subject of a dispute to which Paragraph 4(a) applies will not constitute an Event of Default for as long as the procedures set out in this Paragraph 4 are being carried out. For the avoidance of doubt, upon completion of those procedures, Section 5(a)(i) of this Agreement will apply to any failure by a party to make a transfer required under the final sentence of Paragraph 4(a) on the relevant due date.