Template:Nutshell 2002 ISDA 5(a)(viii): Difference between revisions
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:{{isdaprov|5(a)(viii)}} '''{{isdaprov|Merger Without Assumption}}'''. The party (or a {{isdaprov|Credit Support Provider}}) merges with or transfers or [[all or substantially all]]its assets to another entity and:― | :{{isdaprov|5(a)(viii)}} '''{{isdaprov|Merger Without Assumption}}'''. The party (or a {{isdaprov|Credit Support Provider}}) merges with or transfers or [[all or substantially all]] its assets to another entity and:― | ||
::(1) the resulting entity does not assume ''all'' the original party’s obligations under this {{isdaprov|Agreement}} (or {{isdaprov|Credit Support Document}}); or | ::(1) the resulting entity does not assume ''all'' the original party’s obligations under this {{isdaprov|Agreement}} (or {{isdaprov|Credit Support Document}}); or | ||
::(2) the {{isdaprov|Credit Support Document}} does cover the resulting party’s obligations under this {{isdaprov|Agreement}}. | ::(2) the {{isdaprov|Credit Support Document}} does cover the resulting party’s obligations under this {{isdaprov|Agreement}}. | ||
Latest revision as of 13:28, 2 August 2019
- 5(a)(viii) Merger Without Assumption. The party (or a Credit Support Provider) merges with or transfers or all or substantially all its assets to another entity and:―
- (1) the resulting entity does not assume all the original party’s obligations under this Agreement (or Credit Support Document); or
- (2) the Credit Support Document does cover the resulting party’s obligations under this Agreement.