Failure to Pay or Deliver - ISDA Provision: Difference between revisions
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{{isdasnap|5(a)(i)}} | {{isdasnap|5(a)(i)}} | ||
Failure to Pay under Section 5(a)(i) if the {{isdama}}: where a party fails to pay or deliver on time and does not remedy on or before the 3rd local business day (being the default under a {{1992ma}}, or the first business day after (under the {{2002ma}}) after notice. This requires: | Failure to Pay under Section 5(a)(i) if the {{isdama}}: where a party fails to pay or deliver on time and does not remedy on or before the 3rd local business day (being the default under a {{1992ma}}, or the first business day after (under the {{2002ma}}) after notice. This requires: |