Template:2014 ISDA Credit Derivatives Definitions 4.5: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "'''Section {{cddprov|4.5}} {{cddprov|Failure to Pay}}'''. “'''{{cddprov|Failure to Pay}}'''” means, after the expiration of any applicable {{cddprov|Grace Period}}(after t..." Tags: Mobile edit Mobile web edit |
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'''Section {{cddprov|4.5}} {{cddprov|Failure to Pay}}'''. “'''{{cddprov|Failure to Pay}}'''” means, after the expiration of any applicable {{cddprov|Grace Period}}(after the satisfaction of any conditions precedent to the commencement of such Grace Period), the failure by the {{cddprov|Reference Entity}} to make, when and where due, any payments in an aggregate amount of not less than the {{cddprov|Payment Requirement}} under one or more Obligations, in accordance with the terms of such Obligations at the time of such failure.<br> | '''Section {{cddprov|4.5}} {{cddprov|Failure to Pay}}'''. “'''{{cddprov|Failure to Pay}}'''” means, after the expiration of any applicable {{cddprov|Grace Period}} (after the satisfaction of any conditions precedent to the commencement of such Grace Period), the failure by the {{cddprov|Reference Entity}} to make, when and where due, any payments in an aggregate amount of not less than the {{cddprov|Payment Requirement}} under one or more {{cddprov|Obligations}}, in accordance with the terms of such {{cddprov|Obligations}} at the time of such failure.<br> | ||
Latest revision as of 08:19, 24 April 2023
Section 4.5 Failure to Pay. “Failure to Pay” means, after the expiration of any applicable Grace Period (after the satisfaction of any conditions precedent to the commencement of such Grace Period), the failure by the Reference Entity to make, when and where due, any payments in an aggregate amount of not less than the Payment Requirement under one or more Obligations, in accordance with the terms of such Obligations at the time of such failure.