Template:ISDA New York Law Credit Support Annex 1994 13(g)

From The Jolly Contrarian
Jump to navigation Jump to search

13(g) Holding and Using Posted Collateral.

(i) Eligibility to Hold Posted Collateral; Custodians.
Party A and its Custodian will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the following conditions applicable to it are satisfied:
(1) Party A is not a Defaulting Party.
(2) Posted Collateral may be held only in the following jurisdictions: [SPECIFY]
(3) [SPECIFY]
Initially, the Custodian for Party A is [SPECIFY]
Party B and its Custodian will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the following conditions applicable to it are satisfied:
(1) Party B is not a Defaulting Party.
(2) Posted Collateral may be held only in the following jurisdictions: [SPECIFY]
(3) [SPECIFY]
Initially, the Custodian for Party B is [SPECIFY]
(ii) Use of Posted Collateral. The provisions of Paragraph 6(c) will not apply to the [party/parties* ] specified here:
[ ] Party Av
[ ] Party B
and [that party/those parties * ] will not be permitted to: [SPECIFY]