Conditions Precedent - NY VM CSA Provision

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2016 NY VM CSA Anatomy™


In a Nutshell Section 4(a):

Template:Nutshell 2016 NY CSA 4(a) view template

2016 NY VM CSA full text of Section 4(a):

4(a) Conditions Precedent. Unless otherwise specified in Paragraph 13, each Transfer obligation of the Pledgor under Paragraphs 3, 5 and 6(d) and of the Secured Party under Paragraphs 3, 4(d)(ii), 5, 6(d) and 11(h) is subject to the conditions precedent that:
(i) no Event of Default, Potential Event of Default or Specified Condition has occurred and is continuing with respect to the other party; and
(ii) no Early Termination Date for which any unsatisfied payment obligations exist has occurred or been designated as the result of an Event of Default or Specified Condition with respect to the other party.
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Related Agreements
Click here for the text of Section 4(a) in the 1994 New York law CSA
Click here for the text of Section 3(a) in the 1995 English Law CSA
Click here for the text of Section 3(a) in the 2016 English Law VM CSA
Comparisons
Template:2nycsadiff 4(a)
Template:Nycsadiff 4(a)
1995 CSA and 2016 VM CSA: click for comparison


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Differences between CSA versions

Template:Nycsa capsule 4(a)