Template:Nutshell 2002 ISDA 12(a): Difference between revisions
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:(i) '''By hand''': when delivered; <br> | :(i) '''By hand''': when delivered; <br> | ||
:(ii) '''By [[telex]]''': are you kidding me? Who has a telex these days? OK when the recipient’s answerback is received; <br> | :(ii) '''By [[telex]]''': are you kidding me? Who has a telex these days? OK when the recipient’s answerback is received; <br> | ||
:(iii) '''By fax''': when received in legible form (the burden of proof being on the sender and no a transmission report won’t do); <br> | :(iii) '''By [[fax]]''': FAX??? When were you born Grampa? Ok when received in legible form (the burden of proof being on the sender and, no, a transmission report won’t do); <br> | ||
:(iv) '''By registered mail''': when delivered (or when delivery is attempted); <br> | :(iv) '''By registered mail''': when delivered (or when delivery is attempted); <br> | ||
:(v) '''By [[electronic messaging system]]: when received; or <br> | :(v) '''By [[electronic messaging system]]: when received; or <br> | ||
:(vi) '''By [[e-mail]]''': when delivered delivered,<br> | :(vi) '''By [[e-mail]]''': when delivered delivered,<br> | ||
unless delivery or receipt happenens outside ordinary business hours on a {{isdaprov|Local Business Day}}, in which case it will be deemed effective on the following {{isdaprov|Local Business Day}}.<br> | unless delivery or receipt happenens outside ordinary business hours on a {{isdaprov|Local Business Day}}, in which case it will be deemed effective on the following {{isdaprov|Local Business Day}}.<br> | ||
Latest revision as of 10:27, 1 May 2019
12(a) Effectiveness. Any communication under this Agreement may be given in any manner described below (except that communications about Events of Default and Termination Events or Early Termination may not be given by electronic messaging system or e-mail) as set out in the Schedule) and will be effective when delivered:―
- (i) By hand: when delivered;
- (ii) By telex: are you kidding me? Who has a telex these days? OK when the recipient’s answerback is received;
- (iii) By fax: FAX??? When were you born Grampa? Ok when received in legible form (the burden of proof being on the sender and, no, a transmission report won’t do);
- (iv) By registered mail: when delivered (or when delivery is attempted);
- (v) By electronic messaging system: when received; or
- (vi) By e-mail: when delivered delivered,
unless delivery or receipt happenens outside ordinary business hours on a Local Business Day, in which case it will be deemed effective on the following Local Business Day.