Template:M summ 1994 NY CSA Specified Condition: Difference between revisions

Revision as of 15:50, 7 February 2022

Unique to the 2016 NY Law VM CSA 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.

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	~~M summ 2016~~ NY CSA Specified Condition		[[Specified Condition - NY VM CSA Provision\|Unique]] to the {{nyvmcsa}} these {{nyvmcsaprov\|Specified Condition}}s are an extra little means of adding still ''more'' triggers into your {{isdama}} — as if the {{isdaprov\|Events of Default}} and {{isdaprov\|Early Termination Event}}s you have laboriously written in aren’t enough.

			These {{nyvmcsaprov\|Specified Condition}}s, you might imagine, have a slightly softer pallor as they confer less onerous rights — simply disabling a {{nyvmcsaprov\|Secured Party}}’s right to [[rehypothecate]] the {{nyvmcsaprov\|Posted Collateral (VM)}} a {{nyvmcsaprov\|Pledgor}} may have given to it.