Template:Nutshell 2018 CSD 4(a)

4(a) Conditions Precedent. The Chargor’s obligations to transfer under Paragraphs 3 and 5 and the Secured Party’s obligations to instruct transfers under Paragraphs 3, 4(e)(iii), 5 and the provisions requiring the return of zero-Valued Posted Credit Support (IM) 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.