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Bankruptcy - ISDA Provision: Difference between revisions
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The Counterparty, any {{isdaprov|Credit Support Provider}} or {{isdaprov|Specified Entity}}:― | The Counterparty, any {{isdaprov|Credit Support Provider}} or {{isdaprov|Specified Entity}}:― | ||
#'''Dissolved''': is dissolved (other than pursuant to a merger); | #'''Dissolved''': is dissolved (other than pursuant to a merger); | ||
#'''Insolvent''': becomes insolvent, unable to pay debts, or admits that in writing; | #'''Insolvent''': becomes insolvent, [[unable to pay its debts]], or admits that in writing; | ||
#'''Composition with Creditors''': makes a composition its creditors; | #'''Composition with Creditors''': makes a composition its creditors; | ||
#'''Involvency Proceedings''': (A) becomes subject to insolvency (or similar) proceedings instituted by a regulator; or (B) becomes subject to insolvency (or similar) proceedings instituted by anyone ''other than'' a regulator which result in a winding up order or are not discharged within 15 days | #'''Involvency Proceedings''': (A) becomes subject to insolvency (or similar) proceedings instituted by a regulator; or (B) becomes subject to insolvency (or similar) proceedings instituted by anyone ''other than'' a regulator which result in a winding up order or are not discharged within 15 days | ||