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Template:ISDA New York Law Credit Support Annex 2016 6: Difference between revisions
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Template:ISDA New York Law Credit Support Annex 2016 6 (view source)
Revision as of 16:11, 8 January 2020
, 8 January 2020→Paragraph {{nyvmcsaprov|6}} {{nyvmcsaprov|Holding and Using Posted Collateral (VM)}}
Amwelladmin (talk | contribs) (Created page with "===Paragraph {{nyvmcsaprov|6}} '''{{nyvmcsaprov|Holding and Using Posted Collateral (VM)}}'''=== {{nyvmcsaprov|6(a)}} '''{{nyvmcsaprov|Care of Posted Collateral (VM)}}'''. Wit...") |
Amwelladmin (talk | contribs) |
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:{{nyvmcsaprov|6(c)(ii)}} register any {{nyvmcsaprov|Posted Collateral (VM)}} in the name of the {{nyvmcsaprov|Secured Party}}, its {{nyvmcsaprov|Custodian (VM)}} or a nominee for either.<br> | :{{nyvmcsaprov|6(c)(ii)}} register any {{nyvmcsaprov|Posted Collateral (VM)}} in the name of the {{nyvmcsaprov|Secured Party}}, its {{nyvmcsaprov|Custodian (VM)}} or a nominee for either.<br> | ||
For purposes of the obligation to {{nyvmcsaprov|Transfer}} {{nyvmcsaprov|Eligible Credit Support (VM)}} or {{nyvmcsaprov|Posted Credit Support (VM)}} pursuant to Paragraphs 3 and 5 and any rights or remedies authorized under this Agreement, the {{nyvmcsaprov|Secured Party}} will be deemed to continue to hold all {{nyvmcsaprov|Posted Collateral (VM)}} and to receive {{nyvmcsaprov|Distributions}} made thereon, regardless of whether the {{nyvmcsaprov|Secured Party}} has exercised any rights with respect to any {{nyvmcsaprov|Posted Collateral (VM)}} pursuant to (i) or (ii) above.<br> | For purposes of the obligation to {{nyvmcsaprov|Transfer}} {{nyvmcsaprov|Eligible Credit Support (VM)}} or {{nyvmcsaprov|Posted Credit Support (VM)}} pursuant to Paragraphs 3 and 5 and any rights or remedies authorized under this Agreement, the {{nyvmcsaprov|Secured Party}} will be deemed to continue to hold all {{nyvmcsaprov|Posted Collateral (VM)}} and to receive {{nyvmcsaprov|Distributions}} made thereon, regardless of whether the {{nyvmcsaprov|Secured Party}} has exercised any rights with respect to any {{nyvmcsaprov|Posted Collateral (VM)}} pursuant to (i) or (ii) above.<br> | ||
{{nyvmcsaprov|6(d)}} '''{{nyvmcsaprov|Distributions | {{nyvmcsaprov|6(d)}} '''{{nyvmcsaprov|Distributions, Interest Amount (VM) and Interest Payment (VM)}}'''.<br> | ||
:{{nyvmcsaprov|6(d)(i)}} '''{{nyvmcsaprov|Distributions}}'''. Subject to Paragraph {{nyvmcsaprov|4(a)}}, if the {{nyvmcsaprov|Secured Party}} receives or is deemed to receive {{nyvmcsaprov|Distributions}} on a {{nyvmcsaprov|Local Business Day}}, it will {{nyvmcsaprov|Transfer}} to the {{nyvmcsaprov|Pledgor}} not later than the following {{nyvmcsaprov|Local Business Day}} any {{nyvmcsaprov|Distributions}} it receives or is deemed to receive to the extent that a {{nyvmcsaprov|Delivery Amount (VM)}} would not be created or increased by that {{nyvmcsaprov|Transfer}}, as calculated by the {{nyvmcsaprov|Valuation Agent}} (and the date of calculation will be deemed to be a {{nyvmcsaprov|Valuation Date}} for this purpose).<br> | :{{nyvmcsaprov|6(d)(i)}} '''{{nyvmcsaprov|Distributions}}'''. Subject to Paragraph {{nyvmcsaprov|4(a)}}, if the {{nyvmcsaprov|Secured Party}} receives or is deemed to receive {{nyvmcsaprov|Distributions}} on a {{nyvmcsaprov|Local Business Day}}, it will {{nyvmcsaprov|Transfer}} to the {{nyvmcsaprov|Pledgor}} not later than the following {{nyvmcsaprov|Local Business Day}} any {{nyvmcsaprov|Distributions}} it receives or is deemed to receive to the extent that a {{nyvmcsaprov|Delivery Amount (VM)}} would not be created or increased by that {{nyvmcsaprov|Transfer}}, as calculated by the {{nyvmcsaprov|Valuation Agent}} (and the date of calculation will be deemed to be a {{nyvmcsaprov|Valuation Date}} for this purpose).<br> | ||
:{{nyvmcsaprov|6(d)(ii)}} {{nyvmcsaprov|Interest Amount (VM)}} and {{nyvmcsaprov|Interest Payment (VM)}}. Unless otherwise specified in Paragraph {{nyvmcsaprov|13 }} and subject to Paragraph {{nyvmcsaprov|4(a)}}, in lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to {{nyvmcsaprov|Posted Collateral (VM)}} in the form of {{nyvmcsaprov|Cash}} (all of which may be retained by the {{nyvmcsaprov|Secured Party}}),<br> | :{{nyvmcsaprov|6(d)(ii)}} {{nyvmcsaprov|Interest Amount (VM)}} and {{nyvmcsaprov|Interest Payment (VM)}}. Unless otherwise specified in Paragraph {{nyvmcsaprov|13 }} and subject to Paragraph {{nyvmcsaprov|4(a)}}, in lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to {{nyvmcsaprov|Posted Collateral (VM)}} in the form of {{nyvmcsaprov|Cash}} (all of which may be retained by the {{nyvmcsaprov|Secured Party}}),<br> | ||