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Events of Default - ISDA Provision: Difference between revisions
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== | ==Text of Provision== | ||
{{isdaquote|(a) '''Events of Default'''. The occurrence at any time with respect to a party or, if applicable, any {{isdaprov|Credit Support Provider}}<br> | {{isdaquote|(a) '''Events of Default'''. The occurrence at any time with respect to a party or, if applicable, any {{isdaprov|Credit Support Provider}}<br> | ||
of such party or any {{isdaprov|Specified Entity}} of such party of any of the following events constitutes (subject to Sections 5(c)<br> | of such party or any {{isdaprov|Specified Entity}} of such party of any of the following events constitutes (subject to Sections 5(c)<br> | ||
and 6(e)(iv)) an event of default (an “Event of Default”) with respect to such party:―|5(a)|isda}} | and 6(e)(iv)) an event of default (an “Event of Default”) with respect to such party:―|5(a)|isda}} | ||
==Section 5, {{isdama}}== | ==Contents: Section 5, {{isdama}}== | ||
:(a) {{isdaprov|Events of Default}} | :(a) {{isdaprov|Events of Default}} | ||
::(i) {{isdaprov|Failure to Pay or Deliver}} | ::(i) {{isdaprov|Failure to Pay or Deliver}} | ||