Template:ISDA English Law Credit Support Annex 2016 9(f): Difference between revisions

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{{vmcsaprov|9(f)}} '''{{vmcsaprov|Return ofEquivalent Credit Support (VM)}}'''. The {{vmcsaprov|Transferee}} will, promptly upon demand (but in no event later than the time at which a transfer would be due under Paragraph {{vmcsaprov|3(a)}} with respect to a demand for the transfer of {{vmcsaprov|Eligible Credit Support (VM)}} or {{vmcsaprov|Equivalent Credit Support (VM)}}), transfer to the {{vmcsaprov|Transferor}} {{vmcsaprov|Equivalent Credit Support (VM)}} in respect of any item comprised in the {{vmcsaprov|Credit Support Balance (VM)}} (or the specified amount of such item) that as of the date of such demand has a {{vmcsaprov|Value}} of zero; provided that the {{vmcsaprov|Transferee}} will only be [[obligated]] to transfer any {{vmcsaprov|Equivalent Credit Support (VM)}} in accordance with this Paragraph {{vmcsaprov|9(f)}}, if, as of the date of transfer of such item, the {{vmcsaprov|Transferor}} has satisfied all of its transfer obligations under this {{vmcsaprov|Annex}}, if any.<br>
{{vmcsaprov|9(f)}} '''{{vmcsaprov|Return of Equivalent Credit Support (VM)}}'''. The {{vmcsaprov|Transferee}} will, promptly upon demand (but in no event later than the time at which a transfer would be due under Paragraph {{vmcsaprov|3(a)}} with respect to a demand for the transfer of {{vmcsaprov|Eligible Credit Support (VM)}} or {{vmcsaprov|Equivalent Credit Support (VM)}}), transfer to the {{vmcsaprov|Transferor}} {{vmcsaprov|Equivalent Credit Support (VM)}} in respect of any item comprised in the {{vmcsaprov|Credit Support Balance (VM)}} (or the specified amount of such item) that as of the date of such demand has a {{vmcsaprov|Value}} of zero; provided that the {{vmcsaprov|Transferee}} will only be [[obligated]] to transfer any {{vmcsaprov|Equivalent Credit Support (VM)}} in accordance with this Paragraph {{vmcsaprov|9(f)}}, if, as of the date of transfer of such item, the {{vmcsaprov|Transferor}} has satisfied all of its transfer obligations under this {{vmcsaprov|Annex}}, if any.<br>

Latest revision as of 16:30, 17 December 2019

9(f) Return of Equivalent Credit Support (VM). The Transferee will, promptly upon demand (but in no event later than the time at which a transfer would be due under Paragraph 3(a) with respect to a demand for the transfer of Eligible Credit Support (VM) or Equivalent Credit Support (VM)), transfer to the Transferor Equivalent Credit Support (VM) in respect of any item comprised in the Credit Support Balance (VM) (or the specified amount of such item) that as of the date of such demand has a Value of zero; provided that the Transferee will only be obligated to transfer any Equivalent Credit Support (VM) in accordance with this Paragraph 9(f), if, as of the date of transfer of such item, the Transferor has satisfied all of its transfer obligations under this Annex, if any.

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