Transfer - ISDA Provision: Difference between revisions

Transfer - ISDA Provision (view source)

Revision as of 14:55, 15 August 2012

907 bytes removed , 15 August 2012

no edit summary

Amwelladmin

Bureaucrats, Interface administrators, Administrators

82,891

edits

@@ Line 1: / Line 1: @@
 {{tocbuilder|ISDA|2002|7}}
-{{isdasnap|7|{{isdaprov|Transfer}} <br>Subject to Section {{isdaprov|6(b)(ii)}}, neither this {{isdaprov|Agreement}} nor any interest or obligation in or under this {{isdaprov|Agreement}} <br>may be transferred (whether by way of security or otherwise) by either party without the prior written consent <br>of the other party, except that: — <br>
+{{isdasnap|7|{{isdaprov|Transfer}}  <br>Subject to Section {{isdaprov|6(b)(ii)}} and to the extent permitted by applicable law, neither this {{isdaprov|Agreement}} nor any interest or <br>obligation in or under this {{isdaprov|Agreement}} may be transferred (whether by way of security or otherwise) by either party <br>without the prior written consent of the other party, except that:―<br>
-:(a) a party may make such a transfer of this Agreement pursuant to a consolidation or amalgamation <br>with, or merger with or into, or transfer of all or substantially all its assets to, another entity (but without <br>prejudice to any other right or remedy under this {{isdaprov|Agreement}}); and <br>
-:(b) a party may make such a transfer of all or any part of its interest in any amount payable to it from <br>a {{isdaprov|Defaulting Party}} under Section {{isdaprov|6(e)}}. <br>
-Any purported transfer that is not in compliance with this Section will be void. <br>|{{isdaprov|Transfer}}  <br>Subject to Section {{isdaprov|6(b)(ii)}} and to the extent permitted by applicable law, neither this {{isdaprov|Agreement}} nor any interest or <br>obligation in or under this {{isdaprov|Agreement}} may be transferred (whether by way of security or otherwise) by either party <br>without the prior written consent of the other party, except that:―<br>
 :(a) a party may make such a transfer of this {{isdaprov|Agreement}} pursuant to a consolidation or amalgamation with, or <br>merger with or into, or transfer of all or substantially all its assets to, another entity (but without prejudice to any <br>other right or remedy under this {{isdaprov|Agreement}}); and  <br>
 :(b) a party may make such a transfer of all or any part of its interest in any {{isdaprov|Early Termination Amount}} payable <br>to it by a {{isdaprov|Defaulting Party}}, together with any amounts payable on or with respect to that interest and any other rights <br>associated with that interest pursuant to Sections {{isdaprov|8}}, {{isdaprov|9(h)}} and {{isdaprov|11}}.  <br>