Template:ISDA English Law Credit Support Deed 2018 1(b): Difference between revisions

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{{csaprov|1(b)}} '''{{imcsdprov|Secured Party and Chargor}}'''. Unless otherwise specified in Paragraph {{imcsdprov|13}}, all references in this {{csaprov|Deed}} to the “'''{{imcsdprov|Secured Party}}'''” will be to either party when acting in that capacity and all corresponding references to the “Chargor” will be to the other party when acting in that capacity, provided, however, that a reference herein to {{imcsdprov|Posted Credit Support (IM)}} being “held” by a {{imcsdprov|Secured Party}} at any time shall be construed as a reference to the {{imcsdprov|Posted Credit Support (IM)}} credited to the {{imcsdprov|Segregated Account}}s at such time in respect of which a {{csaprov|Security Interest}} has been created in its favour under this {{csaprov|Deed}}. A reference to a transfer of {{imcsdprov|Eligible Credit Support (IM)}} or {{imcsdprov|Posted Credit Support (IM)}} to or from the {{imcsdprov|Custodian (IM)}} is deemed to be a reference to a transfer to or from the relevant {{imcsdprov|Segregated Account}}s, as [[applicable]].<br>
{{imcsdprov|1(b)}} '''{{imcsdprov|Secured Party and Chargor}}'''. Unless otherwise specified in Paragraph {{imcsdprov|13}}, all references in this {{imcsdprov|Deed}} to the “'''{{imcsdprov|Secured Party}}'''” will be to either party when acting in that capacity and all corresponding references to the “'''{{imcsdprov|Chargor}}'''” will be to the other party when acting in that capacity, provided, however, that a reference herein to {{imcsdprov|Posted Credit Support (IM)}} being “held” by a {{imcsdprov|Secured Party}} at any time shall be construed as a reference to the {{imcsdprov|Posted Credit Support (IM)}} credited to the {{imcsdprov|Segregated Account}}s at such time in respect of which a {{imcsdprov|Security Interest}} has been created in its favour under this {{imcsdprov|Deed}}. A reference to a transfer of {{imcsdprov|Eligible Credit Support (IM)}} or {{imcsdprov|Posted Credit Support (IM)}} to or from the {{imcsdprov|Custodian (IM)}} is deemed to be a reference to a transfer to or from the relevant {{imcsdprov|Segregated Account}}s, as [[applicable]].<br>

Latest revision as of 08:50, 21 April 2021

1(b) Secured Party and Chargor. Unless otherwise specified in Paragraph 13, all references in this Deed to the “Secured Party” will be to either party when acting in that capacity and all corresponding references to the “Chargor” will be to the other party when acting in that capacity, provided, however, that a reference herein to Posted Credit Support (IM) being “held” by a Secured Party at any time shall be construed as a reference to the Posted Credit Support (IM) credited to the Segregated Accounts at such time in respect of which a Security Interest has been created in its favour under this Deed. A reference to a transfer of Eligible Credit Support (IM) or Posted Credit Support (IM) to or from the Custodian (IM) is deemed to be a reference to a transfer to or from the relevant Segregated Accounts, as applicable.

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