Template:Nutshell 2002 ISDA 5(a)(ii): Difference between revisions
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:{{isdaprov|5(a)(ii)}} “'''{{isdaprov|Breach of Agreement}}'''” means: <br> | :{{isdaprov|5(a)(ii)}} “'''{{isdaprov|Breach of Agreement}}'''” means: <br> | ||
::(1) a party [[breach]]es any of its obligations under the {{isdaprov|Agreement}} and doesn’t remedy the breach within 30 days of the other party’s notice ''other than'' the following: | ::(1) a party [[breach]]es any of its obligations under the {{isdaprov|Agreement}} and doesn’t remedy the breach within 30 days of the other party’s notice ''other than'' the following: | ||
:::(a) a {{isdaprov|Failure to Pay or Deliver}} | :::(a) a {{isdaprov|Failure to Pay or Deliver}}; | ||
:::(b) | :::(b) owning up to a {{isdaprov|Termination Event}}; | ||
:::(c) not providing any necessary tax documents | :::(c) not providing any necessary tax documents; | ||
:::(d) any tax representations not being true | :::(d) any of its tax representations not being true; or | ||
::(2) a party [[Repudiate|repudiates]] this {{isdama}} or any {{isdaprov|Transaction}}. <br> | ::(2) a party [[Repudiate|repudiates]] this {{isdama}} or any {{isdaprov|Transaction}}. <br> | ||
Latest revision as of 08:45, 13 April 2020
- 5(a)(ii) “Breach of Agreement” means:
- (1) a party breaches any of its obligations under the Agreement and doesn’t remedy the breach within 30 days of the other party’s notice other than the following:
- (a) a Failure to Pay or Deliver;
- (b) owning up to a Termination Event;
- (c) not providing any necessary tax documents;
- (d) any of its tax representations not being true; or
- (2) a party repudiates this ISDA Master Agreement or any Transaction.
- (1) a party breaches any of its obligations under the Agreement and doesn’t remedy the breach within 30 days of the other party’s notice other than the following: