Termination notice - ISDA Give-Up provision: Difference between revisions
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To cut a long story short, that provides as follows: | To cut a long story short, that provides as follows: | ||
:{{prov|{{igu}}|Part 5}}. '''{{prov|{{igu}}|Termination notice}}'''. For the purpose of Section {{prov|{{igu}}|4}} of this {{prov|{{igu}}|Agreement}}, the {{prov|{{igu}}|termination notice}} shall be effective: <br /> | |||
{{prov|{{igu}}|Part 5}}. '''{{prov|{{igu}}|Termination notice}}'''. For the purpose of Section {{prov|{{igu}}|4}} of this {{prov|{{igu}}|Agreement}}, the {{prov|{{igu}}|termination notice}} shall be effective: | ::[X] one hour after receipt of such termination notice; or <br /> | ||
::[ ] as of the {{prov|{{igu}}|Modification Time}}.<br /> | |||
:[X] one hour after receipt of such termination notice; or | :“{{prov|{{igu}}|Modification Time}}” means [[ ] hour[s] after receipt of such termination notice][as of the opening of business on the Business Day in the recipient’s location following the date of receipt of such termination notice].<br /> | ||
:[ ] as of the {{prov|{{igu}}|Modification Time}}. | |||
“{{prov|{{igu}}|Modification Time}}” means [[ ] hour[s] after receipt of such termination notice][as of the opening of business on the Business Day in the recipient’s location following the date of receipt of such termination notice]. | |||