Amendment to Definition of this Unpaid Amounts - ISDA Provision

From The Jolly Contrarian
Jump to navigation Jump to search
2001 ISDA Cross-Agreement Bridge

2001 ISDA Cross-Agreement Bridge
2 Amendment to Definition of this Unpaid Amounts
The definition of “Unpaid Amounts” in Section [14][12][1] of this Agreement is amended:

2(a) by the deletion of the word “and” where it appears for the second time in the fourth line and its replacement with “,”; and
2(b) the insertion of the following words after the words “for delivery” where they appear in the ninth line: “and (c) in respect of each Terminated Transaction consisting of a Bridged Agreement, any amounts due (or which would have become due but for Section 6(c)(ii)) to such party as a result of any acceleration, termination or cancellation, as the case may be, of the parties’ obligations under that Bridged Agreement, either pursuant to the terms of the relevant Bridged Agreement or otherwise”.

(view template)

Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.






References

  1. Specify “14” if these bridging provisions are being included in an lSDA Master Agreement (Multicurrency – Cross Border), and “12” if these bridging provisions are being included in an ISDA Master Agreement (Local Currency - Single Jurisdiction).