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Template:ISDA Master Agreement 1992 5(b)(iv): Difference between revisions
Template:ISDA Master Agreement 1992 5(b)(iv) (view source)
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{{isdaprov|5(b)(iv)}} '''{{isdaprov|Credit Event Upon Merger}}'''. If “{{isdaprov|Credit Event Upon Merger}}” is specified in the {{isdaprov|Schedule}} as applying <br>to the party, such party (“X”), any {{isdaprov|Credit Support Provider}} of X or any applicable {{isdaprov|Specified Entity}} of X <br>consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets <br>to, another entity and such action does not constitute an event described in Section {{isdaprov|5(a)(viii)}} but the <br>creditworthiness of the resulting, surviving or transferee entity is materially weaker than that of X, such | |||
<br>{{isdaprov|Credit Support Provider}} or such {{isdaprov|Specified Entity}}, as the case may be, immediately prior to such action <br>(and, in such event, X or its successor or transferee, as appropriate, will be the {{isdaprov|Affected Party}}); or | |||