Template:ISDA New York Law Credit Support Annex 1994 3: Difference between revisions

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(Created page with "Para {{nycsaprov|3}} '''{{nycsaprov|Credit Support Obligations}}'''<br> {{nycsaprov|3(a)}} '''{{nycsaprov|Delivery Amount}}'''. Subject to Paragraphs 4 and 5, upon a demand ma...")
 
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Para {{nycsaprov|3}} '''{{nycsaprov|Credit Support Obligations}}'''<br>
Para {{nycsaprov|3}} '''{{nycsaprov|Credit Support Obligations}}'''<br>
{{nycsaprov|3(a)}} '''{{nycsaprov|Delivery Amount}}'''. Subject to Paragraphs 4 and 5, upon a demand made by the {{nycsaprov|Secured Party}} on or promptly following a {{nycsaprov|Valuation Date}}, if the {{nycsaprov|Delivery Amount}} for that {{nycsaprov|Valuation Date}} equals or exceeds the {{nycsaprov|Pledgor}}’s {{nycsaprov|Minimum {{nycsaprov|Transfer}} Amount}}, then the {{nycsaprov|Pledgor}} will {{nycsaprov|Transfer}} to the {{nycsaprov|Secured Party}} {{nycsaprov|Eligible Credit Support}} having a {{nycsaprov|Value}} as of the date of {{nycsaprov|Transfer}} at least equal to the applicable {{nycsaprov|Delivery Amount}} (rounded pursuant to Paragraph {{nycsaprov|13}}). Unless otherwise specified in Paragraph {{nycsaprov|13}}, the “'''{{nycsaprov|Delivery Amount}}'''” applicable to the {{nycsaprov|Pledgor}} for any {{nycsaprov|Valuation Date}} will equal the amount by which:<br>
{{nycsaprov|3(a)}} '''{{nycsaprov|Delivery Amount}}'''. Subject to Paragraphs 4 and 5, upon a demand made by the {{nycsaprov|Secured Party}} on or promptly following a {{nycsaprov|Valuation Date}}, if the {{nycsaprov|Delivery Amount}} for that {{nycsaprov|Valuation Date}} equals or exceeds the {{nycsaprov|Pledgor}}’s {{nycsaprov|Minimum Transfer Amount}}, then the {{nycsaprov|Pledgor}} will {{nycsaprov|Transfer}} to the {{nycsaprov|Secured Party}} {{nycsaprov|Eligible Credit Support}} having a {{nycsaprov|Value}} as of the date of {{nycsaprov|Transfer}} at least equal to the applicable {{nycsaprov|Delivery Amount}} (rounded pursuant to Paragraph {{nycsaprov|13}}). Unless otherwise specified in Paragraph {{nycsaprov|13}}, the “'''{{nycsaprov|Delivery Amount}}'''” applicable to the {{nycsaprov|Pledgor}} for any {{nycsaprov|Valuation Date}} will equal the amount by which:<br>
:{{nycsaprov|3(a)(i)}} the {{nycsaprov|Credit Support Amount}} exceeds<br>
:{{nycsaprov|3(a)(i)}} the {{nycsaprov|Credit Support Amount}} exceeds<br>
:{{nycsaprov|3(a)(ii)}} the {{nycsaprov|Value}} as of that {{nycsaprov|Valuation Date}} of all {{nycsaprov|Posted Credit Support}} held by the {{nycsaprov|Secured Party}}.<br>
:{{nycsaprov|3(a)(ii)}} the {{nycsaprov|Value}} as of that {{nycsaprov|Valuation Date}} of all {{nycsaprov|Posted Credit Support}} held by the {{nycsaprov|Secured Party}}.<br>
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