Delivery Amount - NY CSA Provision

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1994 New York law CSA Anatomy


In a NutshellTM Section 3(a):

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1994 New York law CSA full text of Section 3(a):

3(a) Delivery Amount. Subject to Paragraphs 4 and 5, upon a demand made by the Secured Party on or promptly following a Valuation Date, if the Delivery Amount for that Valuation Date equals or exceeds the Pledgor’s Minimum Transfer Amount, then the Pledgor will Transfer to the Secured Party Eligible Credit Support having a Value as of the date of Transfer at least equal to the applicable Delivery Amount (rounded pursuant to Paragraph 13). Unless otherwise specified in Paragraph 13, the “Delivery Amount” applicable to the Pledgor for any Valuation Date will equal the amount by which:

3(a)(i) the Credit Support Amount exceeds
3(a)(ii) the Value as of that Valuation Date of all Posted Credit Support held by the Secured Party.

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Related Agreements
Click here for the text of Section 3(a) in the 2016 New York law CSA
Click here for the text of Section 2(a) in the 1995 English Law CSA
Click here for the text of Section 2(a) in the 2016 English Law VM CSA
Comparisons
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1995 English Law CSA and 2016 English law VM CSA: click for comparison

Resources Wikitext | Nutshell wikitext
Navigation 1 (Interpretation) | 2 (Security Interest) | 3 (Credit Support Obligations) | 4 ( Conditions Precedent, Transfer Timing, Calculations and Substitutions) | 5 (Dispute Resolution) | 6 (Holding and Using Posted Collateral (VM)) | 7 (Events of Default) | 8 (Certain Rights and Remedies) | 9 (Representations) | 10 (Expenses) | 11 (Miscellaneous) | 12 (Definitions) | 13 (Elections and Variables

Differences between CSA versions

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