82,891
edits
Template:ISDA English Law Credit Support Deed 2018 13(h): Difference between revisions
Jump to navigation
Jump to search
Template:ISDA English Law Credit Support Deed 2018 13(h) (view source)
Revision as of 17:26, 17 March 2022
, 17 March 2022no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 3: | Line 3: | ||
:(ii) if “{{imcsdprov|Failure to Pay Early Termination Amount}}” is specified as applicable here, an {{isdaprov|Event of Default}} has occurred and is continuing with respect to the {{imcsdprov|Chargor}} and its obligation to pay an amount under Section {{isdaprov|6(e)}} of the {{isdaprov|Agreement}} relating to an {{isdaprov|Early Termination Date}} with respect to all {{isdaprov|Transaction}}s: {{imcsdprov|Failure to Pay Early Termination Amount}} is Applicable. | :(ii) if “{{imcsdprov|Failure to Pay Early Termination Amount}}” is specified as applicable here, an {{isdaprov|Event of Default}} has occurred and is continuing with respect to the {{imcsdprov|Chargor}} and its obligation to pay an amount under Section {{isdaprov|6(e)}} of the {{isdaprov|Agreement}} relating to an {{isdaprov|Early Termination Date}} with respect to all {{isdaprov|Transaction}}s: {{imcsdprov|Failure to Pay Early Termination Amount}} is Applicable. | ||
Notwithstanding the foregoing, if “'''{{imcsdprov|Control Agreement Secured Party Rights Event}}'''” is specified as applicable here with respect to a party as the {{imcsdprov|Chargor}}, a “{{imcsdprov|Secured Party Rights Event}}” will only occur upon the occurrence of [[one or more]] of the events that the {{imcsdprov|Chargor}} and the {{imcsdprov|Secured Party}} have agreed in the {{imcsdprov|Control Agreement}} or otherwise, will permit the {{imcsdprov|Secured Party}} to exercise sole and exclusive control of the {{imcsdprov|Posted Credit Support (IM)}} held under the {{imcsdprov|Control Agreement}}: | Notwithstanding the foregoing, if “'''{{imcsdprov|Control Agreement Secured Party Rights Event}}'''” is specified as applicable here with respect to a party as the {{imcsdprov|Chargor}}, a “{{imcsdprov|Secured Party Rights Event}}” will only occur upon the occurrence of [[one or more]] of the events that the {{imcsdprov|Chargor}} and the {{imcsdprov|Secured Party}} have agreed in the {{imcsdprov|Control Agreement}} or otherwise, will permit the {{imcsdprov|Secured Party}} to exercise sole and exclusive control of the {{imcsdprov|Posted Credit Support (IM)}} held under the {{imcsdprov|Control Agreement}}: | ||
*With respect to {{isdaprov|Party A}} acting in its capacity as the {{imcsdprov|Chargor}} and {{isdaprov|Party B}} acting in its capacity as the {{imcsdprov|Secured Party}}: {{imcsdprov|Control Agreement Secured Party Rights Event}} is: | *With respect to {{isdaprov|Party A}} acting in its capacity as the {{imcsdprov|Chargor}} and {{isdaprov|Party B}} acting in its capacity as the {{imcsdprov|Secured Party}}: {{imcsdprov|Control Agreement Secured Party Rights Event}} is: {{na}}. | ||
*With respect to {{isdaprov|Party B}} acting in its capacity as the {{imcsdprov|Chargor}} and {{isdaprov|Party A}} acting in its capacity as the {{imcsdprov|Secured Party}}: {{imcsdprov|Control Agreement Secured Party Rights Event}} is: | *With respect to {{isdaprov|Party B}} acting in its capacity as the {{imcsdprov|Chargor}} and {{isdaprov|Party A}} acting in its capacity as the {{imcsdprov|Secured Party}}: {{imcsdprov|Control Agreement Secured Party Rights Event}} is: {{na}}. | ||