Template:ISDA Master Agreement 1992 5(b)(iv): Difference between revisions

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{{isdaprov|5(b)(iv)}} '''{{isdaprov|Credit Event Upon Merger}}'''. If “{{isdaprov|Credit Event Upon Merger}}” is specified in the {{isdaprov|Schedule}} as applying <br>to the party, such party (“X”), any {{isdaprov|Credit Support Provider}} of X or any applicable {{isdaprov|Specified Entity}} of X <br>consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets <br>to, another entity and such action does not constitute an event described in Section {{isdaprov|5(a)(viii)}} but the <br>creditworthiness of the resulting, surviving or transferee entity is materially weaker than that of X, such
{{isdaprov|5(b)(iv)}} '''{{isdaprov|Credit Event Upon Merger}}'''. If “{{isdaprov|Credit Event Upon Merger}}” is specified in the {{isdaprov|Schedule}} as applying to the party, such party (“X”), any {{isdaprov|Credit Support Provider}} of X or any applicable {{isdaprov|Specified Entity}} of X consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and such action does not constitute an event described in Section {{isdaprov|5(a)(viii)}} but the creditworthiness of the resulting, surviving or transferee entity is materially weaker than that of X, such {{isdaprov|Credit Support Provider}} or such {{isdaprov|Specified Entity}}, as the case may be, immediately prior to such action <br>(and, in such event, X or its successor or transferee, as appropriate, will be the {{isdaprov|Affected Party}}); or
<br>{{isdaprov|Credit Support Provider}} or such {{isdaprov|Specified Entity}}, as the case may be, immediately prior to such action <br>(and, in such event, X or its successor or transferee, as appropriate, will be the {{isdaprov|Affected Party}}); or

Revision as of 11:11, 17 May 2017

5(b)(iv) Credit Event Upon Merger. If “Credit Event Upon Merger” is specified in the Schedule as applying to the party, such party (“X”), any Credit Support Provider of X or any applicable Specified Entity of X consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and such action does not constitute an event described in Section 5(a)(viii) but the creditworthiness of the resulting, surviving or transferee entity is materially weaker than that of X, such Credit Support Provider or such Specified Entity, as the case may be, immediately prior to such action
(and, in such event, X or its successor or transferee, as appropriate, will be the Affected Party); or

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