Template:Nutshell 2002 ISDA 5(a)(ii): Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{isdaprov|5(a)(ii)}} “'''{{isdaprov|Breach of Agreement}}'''” means: <br> | :{{isdaprov|5(a)(ii)}} “'''{{isdaprov|Breach of Agreement}}'''” means: <br> | ||
(1) a party | ::(1) a party [[breach]]es any of its obligations under the {{isdaprov|Agreement}} and doesn’t remedy the breach within 30 days of the other party’s notice ''other than'' the following: | ||
*a {{isdaprov|Failure to Pay or Deliver}} | ::*a {{isdaprov|Failure to Pay or Deliver}} | ||
*giving notice of a {{isdaprov|Termination Event}} or | ::*giving notice of a {{isdaprov|Termination Event}} or | ||
*not providing any necessary tax documents | ::*not providing any necessary tax documents | ||
*any tax representations not being true | ::*any tax representations not being true | ||
(2) a party [[Repudiate|repudiates]] | ::(2) a party [[Repudiate|repudiates]] this {{isdama}} or any {{isdaprov|Transaction}}. <br> | ||
Revision as of 13:57, 3 October 2017
- 5(a)(ii) “Breach of Agreement” means:
- (1) a party breaches any of its obligations under the Agreement and doesn’t remedy the breach within 30 days of the other party’s notice other than the following:
- a Failure to Pay or Deliver
- giving notice of a Termination Event or
- not providing any necessary tax documents
- any tax representations not being true
- (2) a party repudiates this ISDA Master Agreement or any Transaction.
- (1) a party breaches any of its obligations under the Agreement and doesn’t remedy the breach within 30 days of the other party’s notice other than the following: