Template:ISDA English Law Credit Support Annex 1995 7: Difference between revisions
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Each party represents to the other party (which representation will be deemed to be repeated as of each date | Paragraph {{csaprov|7}}. '''{{csaprov|Representation}}''' <br> | ||
Each party represents to the other party (which [[representation]] will be [[deemed]] to be repeated as of each date on which it transfers {{csaprov|Eligible Credit Support}}, {{csaprov|Equivalent Credit Support}} or {{csaprov|Equivalent Distributions}}) that it s the sole owner of or otherwise has the right to transfer all {{csaprov|Eligible Credit Support}}, {{csaprov|Equivalent Credit Support}} or {{csaprov|Equivalent Distributions}} it transfers to the other party under this {{csaprov|Annex}}, [[free and clear]] of any [[security interest]], [[lien]], [[encumbrance]] or other restriction (other than a lien routinely imposed on all securities in a relevant [[clearance system]]). <br> | |||
Revision as of 04:20, 28 December 2019
Paragraph 7. Representation
Each party represents to the other party (which representation will be deemed to be repeated as of each date on which it transfers Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions) that it s the sole owner of or otherwise has the right to transfer all Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions it transfers to the other party under this Annex, free and clear of any security interest, lien, encumbrance or other restriction (other than a lien routinely imposed on all securities in a relevant clearance system).