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Template:ISDA Master Agreement 1992 5(a)(vii): Difference between revisions
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Template:ISDA Master Agreement 1992 5(a)(vii) (view source)
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{{ | {{isda92prov|5(a)(vii)}} '''{{isda92prov|Bankruptcy}}'''. The party, any {{isda92prov|Credit Support Provider}} of such party or any applicable {{isda92prov|Specified Entity}} of such party: — | ||
:(1) is dissolved (other than pursuant to a [[consolidation]], [[amalgamation]] or [[merger]]); <br> | :(1) is dissolved (other than pursuant to a [[consolidation]], [[amalgamation]] or [[merger]]); <br> | ||
:(2) becomes [[Insolvency|insolvent]] or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; <br> | :(2) becomes [[Insolvency|insolvent]] or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; <br> | ||