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Template:ISDA English Law Credit Support Annex 1995 7: Difference between revisions
Template:ISDA English Law Credit Support Annex 1995 7 (view source)
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Paragraph {{csaprov|7}}. '''{{csaprov|Representation}}''' <br> | Paragraph {{csaprov|7}}. '''{{csaprov|Representation}}''' <br> | ||
Each party represents to the other party (which [[representation]] will be [[deemed]] to be repeated as of each date on which it transfers {{csaprov|Eligible Credit Support}}, {{csaprov|Equivalent Credit Support}} or {{csaprov|Equivalent Distributions}}) that it | Each party represents to the other party (which [[representation]] will be [[deemed]] to be repeated as of each date on which it transfers {{csaprov|Eligible Credit Support}}, {{csaprov|Equivalent Credit Support}} or {{csaprov|Equivalent Distributions}}) that it is the sole owner of or otherwise has the right to transfer all {{csaprov|Eligible Credit Support}}, {{csaprov|Equivalent Credit Support}} or {{csaprov|Equivalent Distributions}} it transfers to the other party under this {{csaprov|Annex}}, [[free and clear]] of any [[security interest]], [[lien]], [[encumbrance]] or other restriction (other than a lien routinely imposed on all securities in a relevant [[clearance system]]). <br> | ||