Template:ISDA New York Law Credit Support Annex 2016 13(h)
13(h) Holding and Using Posted Collateral (VM).
- (i) Eligibility to Hold Posted Collateral (VM); Custodians (VM). Party A and its Custodian (VM) will be entitled to hold Posted Collateral (VM) pursuant to Paragraph 6(b); provided that the following conditions applicable to it are satisfied:
- (A) Party A is not a Defaulting Party.
- (B) [SPECIFY]
- [SPECIFY] Initially, the Custodian (VM) for Party A is [SPECIFY]
- Party B and its Custodian (VM) will be entitled to hold Posted Collateral (VM) pursuant to Paragraph 6(b); provided that the following conditions applicable to it are satisfied:
- (A) Party B is not a Defaulting Party.
- (B) [SPECIFY]
- [SPECIFY] Initially, the Custodian (VM) for Party A is [SPECIFY]
- (A) Party A is not a Defaulting Party.
- (ii) Use of Posted Collateral (VM). The provisions of Paragraph 6(c) will not apply to the [party/parties*] specified here:
- [SPECIFY] Party A
- [SPECIFY] Party B
- and [that party/those parties*] will not be permitted to: [SPECIFY]