Template:ISDA Cross-Agreement Bridge 2001 2: Difference between revisions
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{{isdabridgeprov|2}} {{isdaprov|Amendment to Definition of this Unpaid Amounts}}<br> | {{isdabridgeprov|2}} '''{{isdaprov|Amendment to Definition of this Unpaid Amounts}}'''<br> | ||
{{ISDA | The definition of “{{isdaprov|Unpaid Amounts}}” in Section [14][12]<ref>Specify “14” if these bridging provisions are being included in an lSDA Master Agreement (Multicurrency – Cross Border), and “12” if these bridging provisions are being included in an ISDA Master Agreement (Local Currency - Single Jurisdiction).</ref> of this {{isdaprov|Agreement}} is amended:<br> | ||
{{ | :{{isdabridgeprov|2(a)}} by the deletion of the word “and” where it appears for the second time in the fourth line and its replacement with “,”; and<br> | ||
{{ | :{{isdabridgeprov|2(b)}} the insertion of the following words after the words “for delivery” where they appear in the ninth line: “and (c) in respect of each {{isdaprov|Terminated Transaction}} consisting of a {{isdaprov|Bridged Agreement}}, any amounts due (or which would have become due but for Section {{isdaprov|6(c)(ii)}}) to such party as a result of any acceleration, termination or cancellation, as the case may be, of the parties’ obligations under that {{isdaprov|Bridged Agreement}}, either pursuant to the terms of the relevant {{isdaprov|Bridged Agreement}} or otherwise”.<br> | ||
Latest revision as of 17:55, 18 April 2018
2 Amendment to Definition of this Unpaid Amounts
The definition of “Unpaid Amounts” in Section [14][12][1] of this Agreement is amended:
- 2(a) by the deletion of the word “and” where it appears for the second time in the fourth line and its replacement with “,”; and
- 2(b) the insertion of the following words after the words “for delivery” where they appear in the ninth line: “and (c) in respect of each Terminated Transaction consisting of a Bridged Agreement, any amounts due (or which would have become due but for Section 6(c)(ii)) to such party as a result of any acceleration, termination or cancellation, as the case may be, of the parties’ obligations under that Bridged Agreement, either pursuant to the terms of the relevant Bridged Agreement or otherwise”.
- ↑ Specify “14” if these bridging provisions are being included in an lSDA Master Agreement (Multicurrency – Cross Border), and “12” if these bridging provisions are being included in an ISDA Master Agreement (Local Currency - Single Jurisdiction).