Template:Nutshell 2002 ISDA 2(a)(iii): Difference between revisions
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Amwelladmin (talk | contribs) Created page with ":{{isdaprov|2(a)(iii)}} Each party’s obligations under Section {{isdaprov|2(a)(i)}} are subject to the following conditions precedent: ::(1) there is no existing {{isdap..." |
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:{{isdaprov|2(a)(iii)}} Each party’s obligations under | :{{isdaprov|2(a)(iii)}} Each party’s obligations under each {{isdaprov|Transaction}} are conditional upon: | ||
::(1) there | ::(1) there being no uncured {{isdaprov|Event of Default}} or {{isdaprov|Potential Event of Default}} against the other party. | ||
::(2) no Early Termination Date | ::(2) no {{isdaprov|Early Termination Date}} having been designated for the {{isdaprov|Transaction}}. | ||
::(3) each other [[condition precedent]] in this {{isdaprov|Agreement}}. <br> | ::(3) each other [[condition precedent]] in this {{isdaprov|Agreement}} being met. <br> | ||
Latest revision as of 16:26, 9 January 2022
- 2(a)(iii) Each party’s obligations under each Transaction are conditional upon:
- (1) there being no uncured Event of Default or Potential Event of Default against the other party.
- (2) no Early Termination Date having been designated for the Transaction.
- (3) each other condition precedent in this Agreement being met.