Template:Nutshell 2002 ISDA 5(d)

Revision as of 12:16, 6 August 2018 by Amwelladmin (talk | contribs)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

5(d) Deferral of Payments and Deliveries During Waiting Period. If an Illegality or a Force Majeure Event exists for a Transaction, payment and delivery obligations under that Transaction will be deferred until:―

5(d)(i) the first Local Business Day (or, for deliveries the first Local Delivery Day) following the end of any applicable Waiting Period for event in question; or, if earlier:

5(d)(ii) the first Local Business Day or Local Delivery Day on which the Illegality or Force Majeure Event does not exist.

Retrieved from "https://jollycontrarian.com/index.php?title=Template:Nutshell_2002_ISDA_5(d)&oldid=24430"