|
In a Nutshell™ Section 3(a):
Template:Nutshell 1994 NY CSA 3(a)
view template
2016 NY Law VM 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.
view template
Related Agreements
Click [[{{{2}}} - CSA Provision|here]] for the text of Section [[{{{2}}} - CSA Provision|{{{2}}}]] in the 1995 English Law CSA
Click [[{{{2}}} - VM CSA Provision|here]] for the text of Section [[{{{2}}} - VM CSA Provision|{{{2}}}]] in the 2016 English Law VM CSA
Comparisons
Template:Oldnycsadiff 3(a)
2016 VM CSA and 2016 NY Law VM CSA: click for comparison
{{csadiff {{{2}}}}}
|