Template:ISDA English Law Credit Support Deed 2018 2(c): Difference between revisions
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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> | ||
Latest revision as of 13:35, 21 April 2021
2(c) Restriction on Dealings. Each party as the Chargor must not:
- (i) create or permit to subsist any Security Interest on the Segregated Accounts or the Posted Credit Support (IM) or the Assigned Rights; or
- (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 Segregated Accounts or the Posted Credit Support (IM) or the Assigned Rights,
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 Posted Credit Support (IM) may be held or (C) a lien or security interest referred to in, or in connection with, the Control Agreement.