Termination - ISDA Give-Up provision: Difference between revisions
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You may terminate a give-up by giving notice. Terminating won’t affect live transactions. If {{isdaprov|AET}} applies to ''either'' party in your {{isdama}}, give-ups will terminate automatically on an {{isdaprov|Event of Default}} causing [[automatic early termination]]. | You may terminate a give-up by giving notice. Terminating won’t affect live transactions. If {{isdaprov|AET}} applies to ''either'' party in your {{isdama}}, give-ups will terminate automatically on an {{isdaprov|Event of Default}} causing [[automatic early termination]]. Termination is effective, depending on what you've elected in {{prov|{{igu}}|Part 5}} of the {{prov|{{igu}}|Schedule}} to the {{prov|{{igu}}|Agreement}}, a given number of hours after ''receipt'' of notice. | ||
But enough from me - why don't you hear about it in gory detail, direct from the super-brow of {{isda}}: | But enough from me - why don't you hear about it in gory detail, direct from the super-brow of {{isda}}: | ||
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===See also=== | ===See also=== | ||
*{{prov|{{igu}}|Termination notice}} | |||
*{{prov|{{igu}}|Part 5}} to the {{prov|{{igu}}|Schedule}} about effectiveness of {{prov|{{igu}}|termination notices}}. | |||
*[[Give-up]] | *[[Give-up]] |