Template:Nutshell 2002 ISDA 10(c): Difference between revisions

Latest revision as of 11:40, 29 July 2019

10(c) The Office through which a party enters into a Transaction will be specified in the Confirmation or, if not specified, that party’s head office. The specified Office will also be the Office in which that party books and makes and receives payments and deliveries under Transaction. Except to make a Transfer to Avoid Termination Event neither party may change its specified Office for a Transaction without the the other’s prior written consent.

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-:{{isdaprov|10(c)}}
+:{{isdaprov|10(c)}} The {{isdaprov|Office}} through which a party enters into a {{isdaprov|Transaction}} will be specified in the {{isdaprov|Confirmation}} or, if not specified, that party’s head office. The specified {{isdaprov|Office}} will also be the {{isdaprov|Office}} in which that party books and makes and receives payments and deliveries under {{isdaprov|Transaction}}. Except to make a {{isdaprov|Transfer to Avoid Termination Event}} neither party may change its specified {{isdaprov|Office}} for a {{isdaprov|Transaction}} without the the other’s [[Prior consent|prior written consent]]. <br>
-::The {{isdaprov|Office}} through which a party enters into a {{isdaprov|Transaction}} will be specified in the {{isdaprov|Confirmation}}. If not specified, it will be that party’s head office.
-::The specified {{isdaprov|Office}} will also be the {{isdaprov|Office}} in which that party books and makes and receives payments and deliveries under {{isdaprov|Transaction}}.
-::Except to make a {{isdaprov|Transfer to Avoid Termination Event}} neither party may change its specified {{isdaprov|Office}} for a {{isdaprov|Transaction}} without the the other’s prior written consent. <br>