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Termination notice - ISDA Give-Up provision: Difference between revisions
Termination notice - ISDA Give-Up provision (view source)
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:{{prov|{{igu}}|Part 5}}. '''{{prov|{{igu}}|Termination notice}}'''. For the purpose of Section {{prov|{{igu}}|4}} of this {{prov|{{igu}}|Agreement}}, the {{prov|{{igu}}|termination notice}} shall be effective: <br /> | :{{prov|{{igu}}|Part 5}}. '''{{prov|{{igu}}|Termination notice}}'''. For the purpose of Section {{prov|{{igu}}|4}} of this {{prov|{{igu}}|Agreement}}, the {{prov|{{igu}}|termination notice}} shall be effective: <br /> | ||
::[X] one hour after receipt of such termination notice; or <br /> | ::[X] one hour after receipt of such {{prov|{{igu}}|termination notice}}; or <br /> | ||
::[ ] as of the {{prov|{{igu}}|Modification Time}}.<br /> | ::[ ] as of the {{prov|{{igu}}|Modification Time}}.<br /> | ||
:“{{prov|{{igu}}|Modification Time}}” means [[ ] hour[s] after receipt of such termination notice][as of the opening of business on the Business Day in the recipient’s location following the date of receipt of such termination notice].<br /> | :“{{prov|{{igu}}|Modification Time}}” means [[ ] hour[s] after receipt of such {{prov|{{igu}}|termination notice}}][as of the opening of business on the Business Day in the recipient’s location following the date of receipt of such {{prov|{{igu}}|termination notice}}].<br /> | ||