Template:ISDA English Law Credit Support Annex 2016 5(a): Difference between revisions

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Template:ISDA English Law Credit Support Annex 2016 5(a) (view source)

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	{{vmcsaprov\|5(a)}} '''Transfer of Title'''. Each party agrees that all [[right, title and interest]] in and to any {{vmcsaprov\|Eligible Credit Support (VM)}}, {{vmcsaprov\|Equivalent Credit Support (VM)}}, {{vmcsaprov\|Equivalent Distributions}} or {{vmcsaprov\|Interest Payment (VM)}} which it transfers to the other party under the terms of this {{vmcsaprov\|Annex}} will vest in the recipient free and clear of any [[lien]]s, claims, charges or [[encumbrance]]s or any other interest of the transferring party or of any third person (other than a [[lien]] routinely imposed on all securities in a relevant [[clearance system]]).<br>		{{vmcsaprov\|5(a)}} '''{{vmcsaprov\|Transfer of Title}}'''. Each party agrees that all [[right, title and interest]] in and to any {{vmcsaprov\|Eligible Credit Support (VM)}}, {{vmcsaprov\|Equivalent Credit Support (VM)}}, {{vmcsaprov\|Equivalent Distributions}} or {{vmcsaprov\|Interest Payment (VM)}} which it transfers to the other party under the terms of this {{vmcsaprov\|Annex}} will vest in the recipient free and clear of any [[lien]]s, claims, charges or [[encumbrance]]s or any other interest of the transferring party or of any third person (other than a [[lien]] routinely imposed on all securities in a relevant [[clearance system]]).<br>