Interpretation - NY CSA Provision

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1994 ISDA Credit Support Annex (New York law)
A Jolly Contrarian owner’s manual

Paragraph 1 in a NutshellTM
Use at your own risk, campers!

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Paragraph 1 in full

Para 1 Interpretation
1(a) Definitions and Inconsistency. Capitalized terms not otherwise defined herein or elsewhere in this Agreement have the meanings specified pursuant to Paragraph 12, and all references in this Annex to Paragraphs are to Paragraphs of this Annex. In the event of any inconsistency between this Annex and the other provisions of this Schedule, this Annex will prevail, and in the event of any inconsistency between Paragraph 13 and the other provisions of this Annex, Paragraph 13 will prevail.
1(b) Secured Party and Pledgor. All references in this Annex to the “Secured Party” will be to either party when acting in that capacity and all corresponding references to the “Pledgor” will be to the other party when acting in that capacity; provided, however, that if Other Posted Support is held by a party to this Annex, all references herein to that party as the Secured Party with respect to that Other Posted Support will be to that party as the beneficiary thereof and will not subject that support or that party as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.
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Related agreements and comparisons

Related Agreements
Click here for the text of Section 1 in the 2016 New York law CSA
Click here for the text of Section 1 in the 1995 English Law CSA
Click here for the text of Section 1 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 and navigation

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

Content and comparisons

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Summary

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See also

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References