Template:ISDA English Law Credit Support Annex 1995 4(b)

Revision as of 13:14, 14 November 2016 by Amwelladmin (talk | contribs) (Text replacement - "For the avoidance of doubt" to "{{f|For the avoidance of doubt}}")

4(b) 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 4(a) applies will not constitute an Event of Default for as long as the
procedures set out in this Paragraph 4 are being carried out. For the avoidance of doubt, upon completion
of those procedures, Section 5(a)(i) of this Agreement will apply to any failure by a party to make a
transfer required under the final sentence of Paragraph 4(a) on the relevant due date.