Transactions under Bridged Agreements - ISDA Provision

2001 ISDA Cross-Agreement Bridge →Go uptown 2001 ISDA Cross-Agreement Bridge 1 Transactions under Bridged Agreements (a) This provision will apply to all Transactions into which the parties have entered or may enter as principal and in respect of which the confirmation or other confirming evidence supplements, forms part of or is subject to the terms of any Bridged Agreement (each a “Bridged Transaction”). 1(b) For purposes of this provision, the following agreement[s] between the parties, as amended from time to time, or any restatement or replacement thereof, will constitute [a] Bridged Agreement[s]: (i) [specify agreement(s), together with its/their effective date(s)]; and (ii) any agreement that the parties agree will be subject to the 2001 ISDA Cross-Agreement Bridge. 1(c) For purposes of this provision, a Bridging Event will occur: (i) if there are one or more outstanding Transactions, [(A)] immediately upon the designation of an Early Termination Date as a result of the occurrence of an Event of Default under [Section 5(a)(vii) of] this Agreement[, or (B) if Automatic Early Termination applies, immediately upon the· deemed occurrence of an Early Termination Date][, and, if Automatic Early Termination applies, the deemed occurrence of an Early Termination Date will not constitute a Bridging Event]; or (ii) if there is not an outstanding Transaction, following the occurrence of an Event of Default under [Section 5(a)(vii) of] this Agreement[,] [: (x) ] immediately upon the Non-defaulting Party designating, by not more than 20 days’ notice to the Defaulting Party specifying the relevant Event of Default, a day not earlier than the date such notice is effective as a day on which, pursuant to these provisions, the parties’ delivery and payment obligations (and any other obligations they have under the relevant Bridged Agreement) in respect of any Bridged Transactions will be accelerated, terminated or cancelled, as the case may be, in accordance with the provisions of the relevant Bridged Agreement[; or (y) immediately upon the occurrence of the Event of Default if “Automatic Early Termination” is specified in the Schedule as applying to the Defaulting Party and the relevant Event of Default is specified in Section 5(a)(vii)(l), (3), (5), (6) or, to the extent analogous thereto, (8); or (z) as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition if “Automatic Early Termination” is specified in the Schedule as applying to the Defaulting Party and the relevant Event of Default is specified in Section [[[5(a)(vii) - ISDA Provision|5(a)(vii)]](4)] or, to the extent analogous thereto, (8),] and the day designated [(under subparagraph (x)) or on which the Bridging Event is deemed to occur (under subparagraph (y) or (z)), as appropriate,] 9 will be deemed to be an Early Termination Date for purposes of this Agreement. 1(d) If a Bridging Event occurs: (i) an Event of Default (however described) under each Bridged Agreement will be deemed to have occurred with respect to the party that is the Defaulting Party under this Agreement and in respect of all outstanding Bridged Transactions; (ii) the parties’ delivery and payment obligations (and any other obligations they have under the relevant Bridged Agreement) in respect of any Bridged Transactions will be accelerated, terminated or cancelled, as the case may be, in accordance with the provisions of the relevant Bridged Agreement, so that (notwithstanding the provisions of the relevant Bridged Agreement) the acceleration, termination or cancellation will occur upon the occurrence or deemed occurrence of an Early Termination Date pursuant to this provision, and any relevant notices required to be given under the terms of the Bridged Agreement will be deemed to have been given with effect from a date such that the acceleration, termination or cancellation will occur on the Early Termination Date; (iii) each Bridged Agreement will be deemed to constitute a Terminated Transaction for purposes of this Agreement; and (iv) for purposes of Section 6 of this Agreement, all amounts due or which otherwise would become due under Bridged Transactions or Bridged Agreements will be deemed to have been amounts due under Section 2(a)(i) on the Early Termination Date. 1(e) If Market Quotation is the applicable payment measure for purposes of Section 6(e), then the Market Quotation determined under Section 6(e) in relation to the Terminated Transaction constituted by a Bridged Agreement will be deemed to be zero, and, if this Loss is the applicable payment measure for purposes of Section 6(e), then the this Loss determined under Section 6(e) in relation to that Terminated Transaction will be limited to the sum of the this Unpaid Amounts determined in respect of that Terminated Transaction. 1(f) Where the provisions of this [clause] [(I)] are inconsistent with the terms of any Bridged Agreement, the provisions of this [clause] [(I)] will prevail. In all other respects, the provisions of each Bridged Agreement, including the existence (before the occurrence of a Bridging Event) of any right to accelerate, terminate or cancel the parties’ obligations under any Bridged Agreement, will not be affected by this provision. (view template) Template:Anatresources-isdabridgeTemplate:Anatnavigation-isdabridge 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.