Template:ISDA Master Agreement 2002 5(a)(i): Difference between revisions
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{{isdaprov|5(a)(i)}} '''{{isdaprov|Failure to Pay or Deliver}}'''. Failure by the party to make, when due, any payment under this {{isdaprov|Agreement}} or delivery under Section {{isdaprov|2(a)(i)}} or {{isdaprov|9(h)(i)(2)}} or {{isdaprov|9(h)(i)(4)}} required to be made by it if such failure is not remedied on or before the first {{isdaprov|Local Business Day}} in the case of any such payment or the first {{isdaprov|Local Delivery Day}} in the case of any such delivery after, in each case, notice of such failure is given to the party; <br /> | :{{isdaprov|5(a)(i)}} '''{{isdaprov|Failure to Pay or Deliver}}'''. Failure by the party to make, when due, any payment under this {{isdaprov|Agreement}} or delivery under Section {{isdaprov|2(a)(i)}} or {{isdaprov|9(h)(i)(2)}} or {{isdaprov|9(h)(i)(4)}} required to be made by it if such failure is not remedied on or before the first {{isdaprov|Local Business Day}} in the case of any such payment or the first {{isdaprov|Local Delivery Day}} in the case of any such delivery after, in each case, notice of such failure is given to the party; <br /> | ||
Latest revision as of 15:03, 21 November 2019
- 5(a)(i) Failure to Pay or Deliver. Failure by the party to make, when due, any payment under this Agreement or delivery under Section 2(a)(i) or 9(h)(i)(2) or 9(h)(i)(4) required to be made by it if such failure is not remedied on or before the first Local Business Day in the case of any such payment or the first Local Delivery Day in the case of any such delivery after, in each case, notice of such failure is given to the party;