Template:ISDA English Law Credit Support Deed 2018 8(b)

From The Jolly Contrarian
Jump to navigation Jump to search

8(b) Chargor’s Rights and Remedies. If at any time a Chargor Rights Event has occurred and is continuing, then:

(i) the Chargor may exercise all rights and remedies available to a chargor under applicable law with respect to Posted Credit Support (IM); and
(ii) the Secured Party will be obligated immediately to transfer or instruct the Custodian (IM) to transfer all Posted Credit Support (IM) to the Chargor.