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Template:ISDA Master Agreement 2002 Waiting Period: Difference between revisions
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Template:ISDA Master Agreement 2002 Waiting Period (view source)
Revision as of 10:20, 23 January 2013
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“'''{{isdaprov|Waiting Period}}'''” means:―<br> | “'''{{isdaprov|Waiting Period}}'''” means:―<br> | ||
:(a) in respect of an event or circumstance under Section {{isdaprov|5(b)(i)}}, other than in the case of Section {{isdaprov|5(b)(i)(2)}} <br> where the relevant payment, delivery or compliance is actually required on the relevant day (in which case no <br>{{isdaprov|Waiting Period}} will apply), a period of three {{isdaprov|Local Business Days}} (or days that would have been Local Business <br>Days but for the occurrence of that event or circumstance) following the occurrence of that event or circumstance; <br>and <br> | |||
:(b) in respect of an event or circumstance under Section {{isdaprov|5(b)(ii)}}, other than in the case of Section {{isdaprov|5(b)(ii)(2)}} <br>where the relevant payment, delivery or compliance is actually required on the relevant day (in which case no <br>{{isdaprov|Waiting Period}} will apply), a period of eight {{isdaprov|Local Business Days}} (or days that would have been Local Business <br>Days but for the occurrence of that event or circumstance) following the occurrence of that event or circumstance. <br> | :(b) in respect of an event or circumstance under Section {{isdaprov|5(b)(ii)}}, other than in the case of Section {{isdaprov|5(b)(ii)(2)}} <br>where the relevant payment, delivery or compliance is actually required on the relevant day (in which case no <br>{{isdaprov|Waiting Period}} will apply), a period of eight {{isdaprov|Local Business Days}} (or days that would have been Local Business <br>Days but for the occurrence of that event or circumstance) following the occurrence of that event or circumstance. <br> | ||