Template:ISDA English Law Credit Support Deed 2018 4(c): Difference between revisions

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(Created page with "(c) {{csaprov|Transfer Timing}}. Subject to Paragraph {{csaprov|4(a)}} above (if applicable) and Paragraph {{csaprov|5}} and unless otherwise specified in Paragraph {{imcs...")
 
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(c) {{csaprov|Transfer Timing}}. Subject to Paragraph {{csaprov|4(a)}} above (if [[applicable]]) and Paragraph {{csaprov|5}} and unless otherwise specified in Paragraph {{imcsdprov|13}}, if a demand for the transfer of {{imcsdprov|Eligible Credit Support (IM)}} is made by the {{imcsdprov|Notification Time}}, then the relevant transfer by the {{imcsdprov|Chargor}} will be made not later than the close of business on the relevant {{imcsdprov|Regular Settlement Day}}; if a demand is made after the {{imcsdprov|Notification Time}}, then the relevant transfer by the {{imcsdprov|Chargor}} will be made not later than the close of business on the next {{imcsdprov|Local Business Day}} following the relevant {{imcsdprov|Regular Settlement Day}}. <br>
{{imcsdprov|4(c)}} '''{{imcsdprov|Transfer Timing}}'''. Subject to Paragraph {{imcsdprov|4(a)}} above (if [[applicable]]) and Paragraph {{imcsdprov|5}} and unless otherwise specified in Paragraph {{imcsdprov|13}}, if a demand for the transfer of {{imcsdprov|Eligible Credit Support (IM)}} is made by the {{imcsdprov|Notification Time}}, then the relevant transfer by the {{imcsdprov|Chargor}} will be made not later than the close of business on the relevant {{imcsdprov|Regular Settlement Day}}; if a demand is made after the {{imcsdprov|Notification Time}}, then the relevant transfer by the {{imcsdprov|Chargor}} will be made not later than the close of business on the next {{imcsdprov|Local Business Day}} following the relevant {{imcsdprov|Regular Settlement Day}}. <br>


Subject to Paragraph {{csaprov|4(a)}} above (if [[applicable]]) and Paragraph {{csaprov|5}} and unless otherwise specified in Paragraph {{imcsdprov|13}}, if a demand for the transfer of {{imcsdprov|Posted Credit Support (IM)}} is made by the {{imcsdprov|Notification Time}}, then the relevant instruction by the {{imcsdprov|Secured Party}} to the {{imcsdprov|Custodian (IM)}} will be served prior to the latest time by which instructions must be submitted to the {{imcsdprov|Custodian (IM)}} under the relevant {{imcsdprov|Control Agreement}} in order for the {{imcsdprov|Custodian (IM)}} to effect the transfer of {{imcsdprov|Posted Credit Support (IM)}} by close of business on the relevant {{imcsdprov|Regular Settlement Day}}; if a demand is made after the {{imcsdprov|Notification Time}}, then the relevant instruction by the {{imcsdprov|Secured Party}} to the {{imcsdprov|Custodian (IM)}} will be served not later than the latest time (and day) by which instructions must be submitted to the {{imcsdprov|Custodian (IM)}} under the relevant {{imcsdprov|Control Agreement}} in order for the {{imcsdprov|Custodian (IM)}} to effect the transfer of {{imcsdprov|Posted Credit Support (IM)}} by close of business on the next {{imcsdprov|Local Business Day}} following the relevant {{imcsdprov|Regular Settlement Day}}. <br>
Subject to Paragraph {{imcsdprov|4(a)}} above (if [[applicable]]) and Paragraph {{imcsdprov|5}} and unless otherwise specified in Paragraph {{imcsdprov|13}}, if a demand for the transfer of {{imcsdprov|Posted Credit Support (IM)}} is made by the {{imcsdprov|Notification Time}}, then the relevant instruction by the {{imcsdprov|Secured Party}} to the {{imcsdprov|Custodian (IM)}} will be served prior to the latest time by which instructions must be submitted to the {{imcsdprov|Custodian (IM)}} under the relevant {{imcsdprov|Control Agreement}} in order for the {{imcsdprov|Custodian (IM)}} to effect the transfer of {{imcsdprov|Posted Credit Support (IM)}} by close of business on the relevant {{imcsdprov|Regular Settlement Day}}; if a demand is made after the {{imcsdprov|Notification Time}}, then the relevant instruction by the {{imcsdprov|Secured Party}} to the {{imcsdprov|Custodian (IM)}} will be served not later than the latest time (and day) by which instructions must be submitted to the {{imcsdprov|Custodian (IM)}} under the relevant {{imcsdprov|Control Agreement}} in order for the {{imcsdprov|Custodian (IM)}} to effect the transfer of {{imcsdprov|Posted Credit Support (IM)}} by close of business on the next {{imcsdprov|Local Business Day}} following the relevant {{imcsdprov|Regular Settlement Day}}. <br>