Template:ISDA English Law Credit Support Deed 2018 11(j): Difference between revisions

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(Created page with "{{imcsdprov|11(j)}} '''{{imcsdprov|(More) Interpretation}}'''. Unless otherwise specified in Paragraph {{imcsdprov|13}}, references in this {{imcsdprov|Deed}} to a law, statut...")
 
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{{imcsdprov|11(j)}} '''{{imcsdprov|(More) Interpretation}}'''. Unless otherwise specified in Paragraph {{imcsdprov|13}}, references in this {{imcsdprov|Deed}} to a law, statute or statutory provision include (i) such law, statute or statutory provision as from time to time amended, modified, re-enacted or consolidated whether before or after the date of this Deed; and (ii) any subordinate legislation from time to time made, amended, modified, re-enacted or consolidated, whether before or after the date of this Deed under any such law, statute or statutory provision. Notwithstanding the foregoing, for the purposes of determining (i) if a Transaction is a {{imcsdprov|Covered Transaction (IM)}} and (ii) what version of any standardised initial margin schedule applies to a particular Transaction (if the parties have otherwise agreed to apply such standardised initial margin schedule to such {{isdaprov|Transaction}}), the relevant law, statute, statutory provision or subordinate legislation will be such law, statute, statutory provision or subordinate legislation as in effect on the date the relevant Transaction was entered into. <br>
{{imcsdprov|11(j)}} '''[[(More) Interpretation - IM CSD Provision|Interpretation]]'''. Unless otherwise specified in Paragraph {{imcsdprov|13}}, references in this {{imcsdprov|Deed}} to a law, statute or statutory provision include (i) such law, statute or statutory provision as from time to time amended, modified, re-enacted or consolidated whether before or after the date of this Deed; and (ii) any subordinate legislation from time to time made, amended, modified, re-enacted or consolidated, whether before or after the date of this Deed under any such law, statute or statutory provision. Notwithstanding the foregoing, for the purposes of determining (i) if a Transaction is a {{imcsdprov|Covered Transaction (IM)}} and (ii) what version of any standardised initial margin schedule applies to a particular Transaction (if the parties have otherwise agreed to apply such standardised initial margin schedule to such {{isdaprov|Transaction}}), the relevant law, statute, statutory provision or subordinate legislation will be such law, statute, statutory provision or subordinate legislation as in effect on the date the relevant Transaction was entered into. <br>