Security Interest - NY CSA Provision

From The Jolly Contrarian
Revision as of 06:07, 22 January 2020 by Amwelladmin (talk | contribs) (Created page with "{{Nycsaanat|2|1994|2}}")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search
1994 NY CSA Anatomy™


In a Nutshell Section 2:

Template:Nutshell 1994 NY CSA 2 view template

1994 NY CSA full text of Section 2:

Para 2 Security Interest
Each party, as the Pledgor, hereby pledges to the other party, as the Secured Party, as security for its Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder. Upon the Transfer by the Secured Party to the Pledgor of Posted Collateral, the security interest and lien granted hereunder on that Posted Collateral will be released immediately and, to the extent possible, without any further action by either party.
view template

Related Agreements
Click here for the text of Section 2 in the 2016 New York law CSA
Click here for the text of Section 2 in the 1995 English Law CSA
Click here for the text of Section 2 in the 2016 English Law VM CSA
Comparisons
Template:2nycsadiff 2
Template:Nycsadiff 2
1995 CSA and 2016 VM CSA: click for comparison

Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.


Differences between CSA versions

Template:Nycsa capsule 2