Section 2(a)(iii) - ISDA Provision: Difference between revisions

  {{isdaquote|{{isdaprov|9(c)}} '''''{{isdaprov|Survival of Obligations}}''.  Without prejudice to Sections {{isdaprov|2(a)(iii)}} and {{isdaprov|6(c)(ii)}}, the obligations of the'''

  '''parties under this {{isdaprov|Agreement}} will survive the termination of any {{isdaprov|Transaction}}.  For the avoidance of doubt,'''

  '''notwithstanding the occurrence of the last scheduled due date for performance by a party under a {{isdaprov|Transaction}},'''

  '''any obligation of a party that would have become due under that {{isdaprov|Transaction}} but for Section {{isdaprov|2(a)(iii)}} will:'''

    

  '''(1) prior to the occurrence or effective designation of an {{isdaprov|Early Termination Date}} in respect of such'''

  '''{{isdaprov|Transaction}} become due (together with interest in accordance with Section [{{isdaprov|9(h)}}(i)(3)(A)]  [2(e)] ) on'''

  '''the first to occur of (A) the date on which all applicable conditions precedent to such obligation under'''

  '''Section {{isdaprov|2(a)(iii)}} are satisfied, (B) the {{isdaprov|Condition End Date}} or (C) the date on which all applicable conditions'''

  '''precedent cease to apply under any other provision of this {{isdaprov|Agreement}}, and'''

  '''(2) following the occurrence or effective designation of an {{isdaprov|Early Termination Date}} in respect of such'''

  '''{{isdaprov|Transaction}} be taken into account in determining the amount payable in respect of such'''