Template:M summ 2016 NY CSA Specified Condition: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "Unique to the {{nyvmcsa}} these {{nyvmcsaprov|Specified Condition}}s are an extra little means of adding still ''more'' triggers..." |
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[[Specified Condition - NY VM CSA Provision|Unique]] to the | [[Specified Condition - NY VM CSA Provision|Unique]] to the New York law CSAs these {{nyvmcsaprov|Specified Condition}}s are an extra little means of adding still ''more'' triggers into your {{isdama}} — as if the {{isdaprov|Events of Default}} and {{isdaprov|Early Termination Event}}s you have laboriously written in aren’t enough. | ||
These {{nyvmcsaprov|Specified Condition}}s, you might imagine, have a slightly softer pallor as they confer less onerous rights — simply disabling a {{nyvmcsaprov|Secured Party}}’s right to [[rehypothecate]] the {{nyvmcsaprov|Posted Collateral (VM)}} a {{nyvmcsaprov|Pledgor}} may have given to it. | These {{nyvmcsaprov|Specified Condition}}s, you might imagine, have a slightly softer pallor as they confer less onerous rights — simply disabling a {{nyvmcsaprov|Secured Party}}’s right to [[rehypothecate]] the {{nyvmcsaprov|Posted Collateral (VM)}} a {{nyvmcsaprov|Pledgor}} may have given to it, and things like that. | ||
Latest revision as of 15:52, 7 February 2022
Unique to the New York law CSAs these Specified Conditions are an extra little means of adding still more triggers into your ISDA Master Agreement — as if the Events of Default and Early Termination Events you have laboriously written in aren’t enough.
These Specified Conditions, you might imagine, have a slightly softer pallor as they confer less onerous rights — simply disabling a Secured Party’s right to rehypothecate the Posted Collateral (VM) a Pledgor may have given to it, and things like that.