Template:Nutshell 2002 ISDA 5(a)(ii): Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| (2 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
{{isdaprov|5(a)(ii)}} “'''{{isdaprov|Breach of Agreement}}'''” means: <br> | :{{isdaprov|5(a)(ii)}} “'''{{isdaprov|Breach of Agreement}}'''” means: <br> | ||
(1) a party | ::(1) a party [[breach]]es any of its obligations under the {{isdaprov|Agreement}} and doesn’t remedy the breach within 30 days of the other party’s notice ''other than'' the following: | ||
:::(a) a {{isdaprov|Failure to Pay or Deliver}}; | |||
:::(b) owning up to a {{isdaprov|Termination Event}}; | |||
:::(c) not providing any necessary tax documents; | |||
:::(d) any of its tax representations not being true; or | |||
(2) a party [[Repudiate|repudiates]] | ::(2) a party [[Repudiate|repudiates]] this {{isdama}} or any {{isdaprov|Transaction}}. <br> | ||
Latest revision as of 08:45, 13 April 2020
- 5(a)(ii) “Breach of Agreement” means:
- (1) a party breaches any of its obligations under the Agreement and doesn’t remedy the breach within 30 days of the other party’s notice other than the following:
- (a) a Failure to Pay or Deliver;
- (b) owning up to a Termination Event;
- (c) not providing any necessary tax documents;
- (d) any of its tax representations not being true; or
- (2) a party repudiates this ISDA Master Agreement or any Transaction.
- (1) a party breaches any of its obligations under the Agreement and doesn’t remedy the breach within 30 days of the other party’s notice other than the following: