Template:ISDA English Law Credit Support Deed 2018 6(a): Difference between revisions

{{imcsdprov|6(a)}} '''{{imcsdprov|General}}'''. The {{imcsdprov|Custodian (IM)}} appointed with respect to each party as {{imcsdprov|Chargor}} is set out in Paragraph {{imcsdprov|13}}. Each party as the {{imcsdprov|Chargor}} and the other party as the {{imcsdprov|Secured Party}} and the relevant {{imcsdprov|Custodian (IM)}} have entered, or will, on or before the first day amounts are required to be transferred hereunder, enter into the {{imcsdprov|Control Agreement}} regulating the rights of each party to serve instructions on the {{imcsdprov|Custodian (IM)}}. Prior to the enforcement of its rights under Paragraph {{imcsdprov|8}}, the {{imcsdprov|Secured Party}} will have no right to hold (other than in accordance with Paragraph {{imcsdprov|1(b)}} or as otherwise agreed between the parties) and have no duty with respect to {{imcsdprov|Posted Credit Support (IM)}}, including, [[without limitation]], any duty to collect any {{imcsdprov|Distribution}}s, or enforce or preserve any rights pertaining to the {{imcsdprov|Posted Credit Support (IM)}}. <br>