Credit Event Upon Merger - 1992 ISDA Provision

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1992 ISDA Master Agreement
A Jolly Contrarian owner’s manual™

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Section 5(b)(iv) in a Nutshell

Use at your own risk, campers!

Full text of Section 5(b)(iv)

5(b)(iv) Credit Event Upon Merger. If “Credit Event Upon Merger” is specified in the Schedule as applying to the party, such party (“X”), any Credit Support Provider of X or any applicable Specified Entity of X consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and such action does not constitute an event described in Section 5(a)(viii) but the creditworthiness of the resulting, surviving or transferee entity is materially weaker than that of X, such Credit Support Provider or such Specified Entity, as the case may be, immediately prior to such action (and, in such event, X or its successor or transferee, as appropriate, will be the Affected Party); or

Related agreements and comparisons

Related Agreements
Click here for the text of Section 5(b)(iv) in the 2002 ISDA
Template:Isdadiff 5(b)(iv)

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Content and comparisons

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General discussion

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See also

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