Template:Nutshell 2018 CSD 13(h)

13(h) “Secured Party Rights Event” means:

(i) an Early Termination Date in respect of all Transactions happens because of an Event of Default or Access Condition for the Chargor [and the Chargor has not paid its Obligations in full when due]; or

(ii) if “Failure to Pay Early Termination Amount” applies,

the Chargor is subject to an ongoing Event of Default and its Section 6(e) payment obligation for an Early Termination Date for all Transactions [umm something seems to be missing here?]:

• Failure to Pay Early Termination Amount [applies][does not apply].

[(iii)] if “Control Agreement Secured Party Rights Event” applies to a party as Chargor, a “Secured Party Rights Event” will only occur Secured Party is contractually entitled to exercise exclusive control of the Posted Credit Support (IM) :

• Party A as Chargor, Party B as Secured Party: Control Agreement Secured Party Rights Event [applies][does not apply].
• Party B as Chargor and Party A as Secured Party: Control Agreement Secured Party Rights Event is: [applies][does not apply].