Template:ISDA New York Law Credit Support Annex 1994 8: Difference between revisions

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(Created page with "Para {{nycsaprov|8}} '''{{nycsaprov|Certain Rights and Remedies}}'''<br> {{nycsaprov|8(a)}} '''{{nycsaprov|Secured Party’s Rights and Remedies}}'''. If at any time (1) an {{...")
 
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::{{nycsaprov|8(b)(iv)(B)}} [[to the extent that]] the {{nycsaprov|Pledgor}} does not {{isdaprov|Set-off }}under (iv)(A) above, withhold payment of any remaining amounts payable by the {{nycsaprov|Pledgor}} with respect to any {{nycsaprov|Obligations}}, up to the {{nycsaprov|Value}} of any remaining {{nycsaprov|Posted Collateral}} held by the {{nycsaprov|Secured Party}}, until that {{nycsaprov|Posted Collateral}} is {{nycsaprov|Transfer}}red to the {{nycsaprov|Pledgor}}.<br>
::{{nycsaprov|8(b)(iv)(B)}} [[to the extent that]] the {{nycsaprov|Pledgor}} does not {{isdaprov|Set-off }}under (iv)(A) above, withhold payment of any remaining amounts payable by the {{nycsaprov|Pledgor}} with respect to any {{nycsaprov|Obligations}}, up to the {{nycsaprov|Value}} of any remaining {{nycsaprov|Posted Collateral}} held by the {{nycsaprov|Secured Party}}, until that {{nycsaprov|Posted Collateral}} is {{nycsaprov|Transfer}}red to the {{nycsaprov|Pledgor}}.<br>
{{nycsaprov|8(c)}} '''{{nycsaprov|Deficiencies and Excess Proceeds}}'''. The {{nycsaprov|Secured Party}} will {{nycsaprov|Transfer}} to the {{nycsaprov|Pledgor}} any proceeds and {{nycsaprov|Posted Credit Support}} remaining after liquidation, Set-off [[and/or]] application under Paragraphs {{nycsaprov|8(a)}} and {{nycsaprov|8(b)}} after satisfaction in full of all amounts payable by the {{nycsaprov|Pledgor}} with respect to any {{nycsaprov|Obligations}}; the {{nycsaprov|Pledgor}} in all events will remain liable for any amounts remaining unpaid after any liquidation, Set-off [[and/or]] application under Paragraphs {{nycsaprov|8(a)}} and {{nycsaprov|8(b)}}.<br>
{{nycsaprov|8(c)}} '''{{nycsaprov|Deficiencies and Excess Proceeds}}'''. The {{nycsaprov|Secured Party}} will {{nycsaprov|Transfer}} to the {{nycsaprov|Pledgor}} any proceeds and {{nycsaprov|Posted Credit Support}} remaining after liquidation, Set-off [[and/or]] application under Paragraphs {{nycsaprov|8(a)}} and {{nycsaprov|8(b)}} after satisfaction in full of all amounts payable by the {{nycsaprov|Pledgor}} with respect to any {{nycsaprov|Obligations}}; the {{nycsaprov|Pledgor}} in all events will remain liable for any amounts remaining unpaid after any liquidation, Set-off [[and/or]] application under Paragraphs {{nycsaprov|8(a)}} and {{nycsaprov|8(b)}}.<br>
{{nycsaprov|8(d)}} Final Returns. When no amounts are or thereafter may become payable by the {{nycsaprov|Pledgor}} with respect to any {{nycsaprov|Obligations}} (except for any potential liability under Section {{isdaprov|2(d)}} of this Agreement), the {{nycsaprov|Secured Party}} will {{nycsaprov|Transfer}} to the {{nycsaprov|Pledgor}} all {{nycsaprov|Posted Credit Support}} and the {{nycsaprov|Interest Amount}}, if any.<br>
{{nycsaprov|8(d)}} '''{{nycsaprov|Final Returns}}'''. When no amounts are or thereafter may become payable by the {{nycsaprov|Pledgor}} with respect to any {{nycsaprov|Obligations}} (except for any potential liability under Section {{isdaprov|2(d)}} of this Agreement), the {{nycsaprov|Secured Party}} will {{nycsaprov|Transfer}} to the {{nycsaprov|Pledgor}} all {{nycsaprov|Posted Credit Support}} and the {{nycsaprov|Interest Amount}}, if any.<br>