Template:ISDA Master Agreement 1987 2: Difference between revisions

Template:ISDA Master Agreement 1987 2 (view source)

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 {{isda87prov|2}}	'''{{isda87prov|Payments}}'''<br>
-{{isda87prov|2(a)}}	'''{{isda87prov|Obligations and Conditions}}'''.<br>
+{{ISDA Master Agreement 1987 2(a)}}
-:{{isda87prov|2(a)(i)}}	Each party will make each payment specified in each {{isda87prov|Confirmation}} as being payable by it.<br>
-:{{isda87prov|2(a)(ii)}}	Payments under this {{isda87prov|Agreement}} will be made not later than the due date for value on that date in the place of the account specified in the relevant {{isda87prov|Confirmation}} or otherwise pursuant to this {{isda87prov|Agreement}}, in freely transferable funds and in the manner customary for payments in the required currency.<br>
-:{{isda87prov|2(a)(iii)}}	Each obligation of each party to pay any amount due under Section {{isda87prov|2(a)(i)}} is subject to (I) the condition precedent that no {{isda87prov|Event of Default}} or {{isda87prov|Potential Event of Default}} with respect to the other party has occurred and is continuing and (2) each other applicable condition precedent specified in this {{isda87prov|Agreement}}.<br>
 {{isda87prov|2(b)}}	'''{{isda87prov|Change of Account}}'''. Either party may change its account by giving notice to the other party at least five days prior to the due date for payment for which such change applies.<br>
 {{isda87prov|2(c)}}	'''{{isda87prov|Netting}}'''. If on any date amounts would otherwise be payable:<br>