Template:2014 ISDA Credit Derivatives Definitions 3.3: Difference between revisions

'''Section {{cddprov|3.3}} {{cddprov|Prior Deliverable Obligation}}'''. “'''{{cddprov|Prior Deliverable Obligation}}'''” means:<br>

:(a) if a {{cddprov|Governmental Intervention}} has occurred (whether or not such event is specified as the applicable {{cddprov|Credit Event}} in the {{cddprov|Credit Event Notice}} or the {{cddprov|DC Credit Event Announcement}}), any obligation of the {{cddprov|Reference Entity}} which (i) existed immediately prior to such {{cddprov|Governmental Intervention}}, (ii) was the subject of such {{cddprov|Governmental Intervention}} and (iii) fell within the definition of {{cddprov|Deliverable Obligation}} set out in Section {{cddprov|3.2}}(a) or (b) ({{cddprov|Deliverable Obligation}}), in each case, immediately preceding the date on which such {{cddprov|Governmental Intervention}} was legally effective; or<br>