Template:Nutshell 2018 CSD 4(a)

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4(a) Conditions Precedent. The Chargor’s obligations to transfer under Paragraphs 3 and 5 and the Secured Party’s obligations to instruct the Custodian (IM) to transfer under Paragraphs 3, 4(e)(iii), 5 and the provisions of Paragraph 13 about returning Posted Credit Support (IM) with a zero Value are subject to the conditions precedent that:

(i) There is no live Event of Default, Potential Event of Default or Specified Condition for the other party; and

(ii) No Early Termination Date has been designated for all Covered Transactions (IM) which has not been fully satisfied.

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