Template:ISDA English Law Credit Support Annex 2016 4(b)

2016 VM CSA 2016 VM CSA. The failure by a party to make a transfer of any amount which is the subject of a dispute to which Paragraph 2016 VM CSA applies will not constitute an Event of Default for as long as the procedures set out in this Paragraph 4 are being carried out. For the avoidance of doubt, upon completion of those procedures, Section 5(a)(i) of this Agreement will apply to any failure by a party to make a transfer required under the final sentence of Paragraph 2016 VM CSA on the relevant due date.