Expenses - NY CSA Provision: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
Created page with "{{nycsaanat|10|1994|8}}"
Tags: Mobile edit Mobile web edit
 
No edit summary
Line 1: Line 1:
{{nycsaanat|10|1994|8}}
{{nycsamanual|10|1994|8}}

Revision as of 11:58, 30 August 2023

1994 ISDA Credit Support Annex (New York law)

A Jolly Contrarian owner’s manual™

10 in a Nutshell

The JC’s Nutshell summary of this term has moved uptown to the subscription-only ninja tier. For the cost of ½ a weekly 🍺 you can get it here. Sign up at Substack. You can even ask questions! Ask about it here.

10 in all its glory

Para 10 Expenses

10(a) General. Except as otherwise provided in Paragraphs 10(b) and 10(c), each party will pay its own costs and expenses in connection with performing its obligations under this Annex and neither party will be liable for any costs and expenses incurred by the other party in connection herewith.
10(b) Posted Credit Support. The Pledgor will promptly pay when due all taxes, assessments or charges of any nature that are imposed with respect to Posted Credit Support held by the Secured Party upon becoming aware of the same, regardless of whether any portion of that Posted Credit Support is subsequently disposed of under Paragraph 6(c), except for those taxes, assessments and charges that result from the exercise of the Secured Party’s rights under Paragraph 6(c).
10(c) Liquidation/Application of Posted Credit Support. All reasonable costs and expenses incurred by or on behalf of the Secured Party or the Pledgor in connection with the liquidation and/or application of any Posted Credit Support under Paragraph 8 will be payable, on demand and pursuant to the Expenses Section of this Agreement, by the Defaulting Party or, if there is no Defaulting Party, equally by the parties.

Resources and Navigation

Overview

edit

Template:M comp disc 1994 CSA 10

Summary

edit

Template:M summ 1994 CSA 10

Premium content

Premium content
Here the free bit runs out. Subscribers click 👉 here. New readers sign up 👉 here and, for ½ a weekly 🍺 go full ninja about all these juicy topics👇

See also

edit

Template:M sa 1994 CSA 10

References