Template:M summ 2002 ISDA Potential Event of Default: Difference between revisions
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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}}. | A {{isdaprov|Potential Event of Default}} is a {{isdaprov|Failure to Pay or Deliver}}, {{isdaprov|Breach of Agreement}} (or other {{isdaprov|Event of Default}}) 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}}. | ||
Revision as of 16:50, 13 March 2020
A Potential Event of Default is a Failure to Pay or Deliver, Breach of Agreement (or other Event of Default) 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.