Template:Nutshell 2002 ISDA 2(a)

2(a) General Conditions.

2(a)(i) Each party must perform its obligations under each Transaction Confirmation.

2(a)(ii) Parties must make:

(a) Payments for value the due date, as specified in the Confirmation, in freely transferable funds and in the regular fashion for making payments in the currency in question.

(b) Deliveries for receipt on the due date and in the regular fashion for making deliveries of the asset in question.

2(a)(iii) Each party’s obligations under Section 2(a)(i) are subject to the following conditions precedent:

(1) there is no existing Event of Default or Potential Event of Default against the other party;

(2) no Early Termination Date has been designated for the Transaction in question

(3) each other condition precedent in this Agreement.