Failure to Pay or Deliver - ISDA Provision: Difference between revisions

Failure to Pay or Deliver - ISDA Provision (view source)

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	{{fullanat2\|isda\|5(a)(i)\|5(a)(i)}}		{{fullanat2\|isda\|5(a)(i)\|1992\|5(a)(i)\|2002}}

	Failure to Pay under Section {{isdaprov\|5(a)(i)}} if the {{isdama}}: where a party fails to pay or deliver on time and does not remedy on or before the 3rd local business day (being the default under a {{1992ma}}, or the first business day after (under the {{2002ma}}) after notice. This requires:		Failure to Pay under Section {{isdaprov\|5(a)(i)}} if the {{isdama}}: where a party fails to pay or deliver on time and does not remedy on or before the 3rd local business day (being the default under a {{1992ma}}, or the first business day after (under the {{2002ma}}) after notice. This requires: