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Template:ISDA English Law Credit Support Deed 2018 2(c): Difference between revisions
Template:ISDA English Law Credit Support Deed 2018 2(c) (view source)
Revision as of 13:35, 21 April 2021
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Amwelladmin (talk | contribs) (Created page with "{{imcsdprov|2(c)}} '''{{imcsdprov|Restriction on Dealings}}'''. Each party as the {{imcsdprov|Chargor}} must not: <br> :(i) create or permit to subsist any Security Interest o...") |
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{{imcsdprov|2(c)}} '''{{imcsdprov|Restriction on Dealings}}'''. Each party as the {{imcsdprov|Chargor}} must not: <br> | {{imcsdprov|2(c)}} '''{{imcsdprov|Restriction on Dealings}}'''. Each party as the {{imcsdprov|Chargor}} must not: <br> | ||
:(i) create or permit to subsist any Security Interest on the {{imcsdprov|Segregated Account}}s or the {{imcsdprov|Posted Credit Support (IM)}} or the {{imcsdprov|Assigned Rights}}; or <br> | :(i) create or permit to subsist any {{imcsdprov|Security Interest}} on the {{imcsdprov|Segregated Account}}s or the {{imcsdprov|Posted Credit Support (IM)}} or the {{imcsdprov|Assigned Rights}}; or <br> | ||
:(ii) sell, transfer, licence, lease, loan, grant any option over, declare a trust over or otherwise dispose of any of its rights in respect of the {{imcsdprov|Segregated Account}}s or the {{imcsdprov|Posted Credit Support (IM)}} or the {{imcsdprov|Assigned Rights}}, <br> | :(ii) sell, transfer, licence, lease, [[loan]], grant any [[option]] over, declare a [[trust]] over or otherwise dispose of any of its rights in respect of the {{imcsdprov|Segregated Account}}s or the {{imcsdprov|Posted Credit Support (IM)}} or the {{imcsdprov|Assigned Rights}}, <br> | ||
other than (A) the [[security]] created by this Deed, (B) a [[lien]] routinely imposed on all securities in a [[clearing system]] in which any such {{imcsdprov|Posted Credit Support (IM)}} may be held or (C) a [[lien]] or [[security interest]] referred to in, or [[in connection with]], the {{imcsdprov|Control Agreement}}. <br> | other than (A) the [[security]] created by this Deed, (B) a [[lien]] routinely imposed on all securities in a [[clearing system]] in which any such {{imcsdprov|Posted Credit Support (IM)}} may be held or (C) a [[lien]] or [[security interest]] referred to in, or [[in connection with]], the {{imcsdprov|Control Agreement}}. <br> | ||