Specified Condition - NY VM CSA Provision: Difference between revisions

Specified Condition - NY VM CSA Provision (view source)

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-{{csaanat|Specified Condition|2016ny}}
+{{Manual|MCAN|2016|Specified Condition|Paragraph|Specified Condition|short}}
-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.