Termination notice - ISDA Give-Up provision: Difference between revisions

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(Redirected page to Part 5 - ISDA Give-Up provision)
 
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One that is sent pursuant to Section {{prov|{{igu}}|4}} ({{prov|{{igu}}|Termination}}) of the 2005 {{igu}} Agreement.
#redirect[[Part 5 - ISDA Give-Up provision]]
 
Effectiveness of a {{prov|{{igu}}|termination notice}} is handled, irritatingly, by {{prov|{{igu}}|Part 5}} of the {{prov|{{igu}}|Schedule}}.
 
To cut a long story short, that provides as follows:
 
:{{prov|{{igu}}|Part 5}}. '''{{prov|{{igu}}|Termination notice}}'''.  For the purpose of Section {{prov|{{igu}}|4}} of this {{prov|{{igu}}|Agreement}}, the {{prov|{{igu}}|termination notice}} shall be effective: <br />
::[X] one hour after receipt of such {{prov|{{igu}}|termination notice}}; or <br />
::[  ] as of the {{prov|{{igu}}|Modification Time}}.<br />
:“{{prov|{{igu}}|Modification Time}}” means [[  ] hour[s] after receipt of such {{prov|{{igu}}|termination notice}}][as of the opening of business on the Business Day in the recipient’s location following the date of receipt of such {{prov|{{igu}}|termination notice}}].<br />

Latest revision as of 17:43, 21 October 2016

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