Failure to Pay or Deliver - ISDA Provision: Difference between revisions

Failure to Pay or Deliver - ISDA Provision (view source)

453 bytes removed , 31 July 2012

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   Agreement or delivery under Section 2(a)(i) or 2(e) required to be made by it if such failure is not
   remedied on or before the third Local Business Day after notice of such failure is given to the party;
-=={{2002ma}}==
- (i) '''''Failure to Pay or Deliver'''''. Failure by the party to make, when due, any payment under this
- Agreement or delivery under Section 2(a)(i) or 9(h)(i)(2) or (4) required to be made by it if such failure is
- not remedied on or before the first Local Business Day in the case of any such payment or the first Local
- Delivery Day in the case of any such delivery after, in each case, notice of such failure is given to the party;
 Failure to Pay under Section 5(a)(i) if the {{isdama}}: where a party fails to pay or deliver on time and does not remedy on or before the 3rd local business day (being the default under a {{1992ma}}, or the first business day after (under the {{2002ma}}) after notice. This requires: