Specified Condition - NY CSA Provision

1994 ISDA Credit Support Annex (New York law) A Jolly Contrarian owner’s manual™ Resources and navigation Resources Wikitext | Nutshell wikitext Navigation 1 (Interpretation) | 2 (Security Interest) | 3 (Credit Support Obligations) | 4 ( Conditions Precedent, Transfer Timing, Calculations and Substitutions) | 5 (Dispute Resolution) | 6 (Holding and Using Posted Collateral (VM)) | 7 (Events of Default) | 8 (Certain Rights and Remedies) | 9 (Representations) | 10 (Expenses) | 11 (Miscellaneous) | 12 (Definitions) | 13 (Elections and Variables Index: Click ᐅ to expand: 1994 NY CSA CSA Paragraph Specified Condition in a Nutshell™ Use at your own risk, campers! Template:Nutshell 1994 NY CSA Specified Condition view template Full text of Paragraph Specified Condition “Specified Condition” means, with respect to a party, any event specified as such for that party in Paragraph 13. view template Related agreements and comparisons Related Agreements Click here for the text of Section Specified Condition in the 2016 New York law CSA Click here for the text of Section Specified Condition in the 1995 English Law CSA Click here for the text of Section Specified Condition in the 2016 English Law VM CSA Comparisons Template:Oldcsadiff Specified Condition Template:2nycsadiff Specified Condition Template:Nycsadiff Specified Condition Template:Csadiff Specified Condition Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

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Summary

Unique to the New York law CSAs these Specified Conditions are an extra little means of adding still more triggers into your ISDA Master Agreement — as if the Events of Default and Early Termination Events you have laboriously written in aren’t enough.

These Specified Conditions, you might imagine, have a slightly softer pallor as they confer less onerous rights — simply disabling a Secured Party’s right to rehypothecate the Posted Collateral (VM) a Pledgor may have given to it, and things like that.

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