Specified Condition - NY VM CSA Provision

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2016 NY VM CSA Anatomy™


In a Nutshell Section Specified Condition:

Template:Nutshell 2016 NY CSA Specified Condition view template

2016 NY VM CSA full text of Section Specified Condition:

Specified Condition” means, with respect to a party, any event specified as such for that party in Paragraph 13.
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Related Agreements
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
Click [[{{{3}}} - NY VM CSA Provision|here]] for the text of the equivalent, Section [[{{{3}}} - NY VM CSA Provision|{{{3}}}]] in the 2016 NY Law VM CSA
Comparisons
Template:Csadiff Specified Condition
{{nycsadiff {{{3}}}}}

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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.

See also