Template:GTMA Master Agreement 2004 12.1.6: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{gtmaprov|}} ('''{{gtmaprov|Credit Support}}''')<br> :{{gtmaprov|12.1.6(a)}} the {{gtmaprov|Party}} or any {{gtmaprov|Credit Support Provider}} of the {{gtmaprov|Party}} fail...") |
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{{gtmaprov|}} ('''{{gtmaprov|Credit Support}}''')<br> | {{gtmaprov|12.1.6}} ('''{{gtmaprov|Credit Support}}''')<br> | ||
:{{gtmaprov|12.1.6(a)}} the {{gtmaprov|Party}} or any {{gtmaprov|Credit Support Provider}} of the {{gtmaprov|Party}} fails to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any {{gtmaprov|Credit Support Document}} if that failure is continuing after any applicable [[grace period]] has elapsed;<br> | :{{gtmaprov|12.1.6(a)}} the {{gtmaprov|Party}} or any {{gtmaprov|Credit Support Provider}} of the {{gtmaprov|Party}} fails to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any {{gtmaprov|Credit Support Document}} if that failure is continuing after any applicable [[grace period]] has elapsed;<br> | ||
:{{gtmaprov|12.1.6(b)}} any {{gtmaprov|Credit Support Document}} expires or terminates or fails or ceases to be in full force and effect for the purpose of this {{gtmaprov|Agreement}} (in either case other than in accordance with its terms) prior to the satisfaction of all obligations of the {{gtmaprov|Party}} under each {{gtmaprov|Transaction}} to which that {{gtmaprov|Credit Support Document}} relates without the written consent of the other {{gtmaprov|Party}}; or<br> | :{{gtmaprov|12.1.6(b)}} any {{gtmaprov|Credit Support Document}} expires or terminates or fails or ceases to be in full force and effect for the purpose of this {{gtmaprov|Agreement}} (in either case other than in accordance with its terms) prior to the satisfaction of all obligations of the {{gtmaprov|Party}} under each {{gtmaprov|Transaction}} to which that {{gtmaprov|Credit Support Document}} relates without the written consent of the other {{gtmaprov|Party}}; or<br> | ||
:{{gtmaprov|12.1.6(c)}} the Party or any {{gtmaprov|Credit Support Provider}} of that {{gtmaprov|Party}} disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, that {{gtmaprov|Credit Support Document}};<br> | :{{gtmaprov|12.1.6(c)}} the Party or any {{gtmaprov|Credit Support Provider}} of that {{gtmaprov|Party}} disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, that {{gtmaprov|Credit Support Document}};<br> | ||
Revision as of 16:12, 16 July 2012
- 12.1.6(a) the Party or any Credit Support Provider of the Party fails to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any Credit Support Document if that failure is continuing after any applicable grace period has elapsed;
- 12.1.6(b) any Credit Support Document expires or terminates or fails or ceases to be in full force and effect for the purpose of this Agreement (in either case other than in accordance with its terms) prior to the satisfaction of all obligations of the Party under each Transaction to which that Credit Support Document relates without the written consent of the other Party; or
- 12.1.6(c) the Party or any Credit Support Provider of that Party disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, that Credit Support Document;