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Specified Condition - NY VM CSA Provision: Difference between revisions
Specified Condition - NY VM CSA Provision (view source)
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Amwelladmin (talk | contribs) (Created page with "{{csaanat|Specified Condition|2016ny}}") |
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{{csaanat|Specified Condition|2016ny}} | {{csaanat|Specified Condition|2016ny}} | ||
This is a special little way of adding even ''more'' triggers into your {{isdama}}} — as if the {{isdaprov|Events of Default}} and {{isdaprov|Early Termination Event}}s you have laboriously written in aren’t enough. | |||
These {{nyvmcsaprov|Specified Condition}}s, you might imagine, have a slightly softer pallor as they confer less onerous rights — simply disabling a {{nyvmcsaprov|Secured Party}}’s right to [[rehypothecate]] the {{nyvmcsaprov|Posted Collateral (VM)}} a {{nyvmcsaprov|Pledgor}} may have given to it. | |||