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Template:ISDA English Law Credit Support Annex 1995 4(b): Difference between revisions
Template:ISDA English Law Credit Support Annex 1995 4(b) (view source)
Revision as of 04:00, 28 December 2019
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Amwelladmin (talk | contribs) m (Text replacement - "For the avoidance of doubt" to "{{f|For the avoidance of doubt}}") |
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{{csaprov|4(b)}} '''{{csaprov|No Event of Default}}'''. The failure by a party to make a transfer of any amount which is the subject | {{csaprov|4(b)}} '''{{csaprov|No Event of Default}}'''. The failure by a party to make a transfer of any amount which is the subject of a dispute to which Paragraph {{csaprov|4(a)}} applies will not constitute an {{isdaprov|Event of Default}} for as long as the procedures set out in this Paragraph {{csaprov|4}} are being carried out. {{f|For the avoidance of doubt}}, upon completion of those procedures, Section {{isdaprov|5(a)(i)}} of this {{isdaprov|Agreement}} will apply to any failure by a party to make a transfer required under the final sentence of Paragraph {{csaprov|4(a)}} on the relevant due date. <br> | ||