Template:M summ 2002 ISDA Potential Event of Default: Difference between revisions

Revision as of 16:49, 13 March 2020

A Potential Event of Default is a Failure to Pay or Deliver with an unexpired grace period, or where the grace period has expired but the Non-defaulting Party hasn’t (yet) given a notice of default actually accelerating the default into an actual Event of Default.

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	A {{isdaprov\|Failure to Pay or Deliver}} with an unexpired [[grace period]], or where the [[grace period]] has expired but the {{isdaprov\|Non-defaulting Party}} hasn’t (yet) given a notice of default actually [[Accelerate\|accelerating]] the default into an actual {{isdaprov\|Event of Default}}.		A {{isdaprov\|Potential Event of Default}} is a {{isdaprov\|Failure to Pay or Deliver}} with an unexpired [[grace period]], or where the [[grace period]] has expired but the {{isdaprov\|Non-defaulting Party}} hasn’t (yet) given a notice of default actually [[Accelerate\|accelerating]] the default into an actual {{isdaprov\|Event of Default}}.