Template:ISDA Master Agreement 2002 5(a)(vii): Difference between revisions
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{{isdaprov|5(a)(vii)}} '''{{isdaprov| | {{isdaprov|5(a)(vii)}} '''{{isdaprov|bankruptcy}}'''. The party, any {{isdaprov|Credit Support Provider}} of such party or any [[applicable]] {{isdaprov|Specified Entity}} of such party:― | ||
:(l) is dissolved (other than pursuant to a [[consolidation]], [[amalgamation]] or [[merger]]); <br> | :(l) is dissolved (other than pursuant to a [[consolidation]], [[amalgamation]] or [[merger]]); <br> | ||
:(2) becomes [[insolvent]] or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; <br> | :(2) becomes [[insolvent]] or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; <br> |