Template:ISDA English Law Credit Support Annex 1995 3(c)(ii): Difference between revisions

:{{csaprov|3(c)(ii)}} If the {{csaprov|Transferee}} notifies the {{csaprov|Transferor}} that it has consented to the proposed exchange, <br>(A) the {{csaprov|Transferor}} will be obliged to transfer the {{csaprov|New Credit Support}} to the {{csaprov|Transferee}} on the first <br>{{csaprov|Settlement Day}} following the date on which it receives notice (which may be oral telephonic notice) <br>from the Transferee of its consent and (B) the {{csaprov|Transferee}} will be obliged to transfer to the <br>{{csaprov|Transferor}} {{csaprov|Equivalent Credit Support}} in respect of the {{csaprov|Original Credit Support}} not later than the <br>{{csaprov|Settlement Day}} following the date on which the {{csaprov|Transferee}} receives the {{csaprov|New Credit Support}}, unless <br>otherwise specified in Paragraph {{csaprov|11(d)}} (the “'''{{csaprov|Exchange Date}}'''"); provided that the {{csaprov|Transferee}} will <br>only be obliged to transfer {{csaprov|Equivalent Credit Support}} with a {{csaprov|Value}} as of the date of transfer as <br>close as practicable to, but in any event not more than, the {{csaprov|Value}} of the {{csaprov|New Credit Support}} as of <br>that date.<br>