Template:ISDA Master Agreement 1987 6(a): Difference between revisions

Template:ISDA Master Agreement 1987 6(a) (view source)

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Revision as of 11:55, 10 August 2012 (view source) Amwelladmin (talk \| contribs) (Created page with "6(a) '''Right to Terminate Following Event of Default'''. If at any time an Event of Default with respect to a <br>party (the ‘‘Defaulting Party’’) has occurred and is...")		Revision as of 17:53, 12 June 2019 (view source) Amwelladmin (talk \| contribs) No edit summary Newer edit →
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	6(a) '''Right to Terminate Following Event of Default'''. If at any time an Event of Default with respect to a ~~<br>~~party (the ~~‘‘Defaulting Party’’~~) has occurred and is then continuing, the other party may, by not more ~~<br>~~than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not ~~<br>~~earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding ~~<br>~~Swap Transactions. However, an Early Termination Date will be deemed to have occurred in respect of ~~<br>~~all Swap Transactions immediately upon the occurrence of any Event of Default specified in Section ~~<br>~~5(a)(vii)(1), (2), (3), (5), (6), (7) or (8) and as of the time immediately preceding the institution of the ~~<br>~~relevant proceeding or the presentation of the relevant petition upon the occurrence of any Event of ~~<br>~~Default specified in Section 5(a)(vii)(4).		{{isda87prov\|6(a)}} '''{{isda87prov\|Right to Terminate Following Event of Default}}'''. If at any time an {{isda87prov\|Event of Default}} with respect to a party (the ‘‘{{isda87prov\|Defaulting Party}}’’) has occurred and is then continuing, the other party may, [[by not more than 20 days notice]] to the {{isda87prov\|Defaulting Party}} specifying the relevant {{isda87prov\|Event of Default}}, designate a day not earlier than the day such notice is effective as an {{isda87prov\|Early Termination Date}} in respect of all outstanding {{isda87prov\|Swap Transactions}}. However, an {{isda87prov\|Early Termination Date}} will be deemed to have occurred in respect of all {{isda87prov\|Swap Transactions}} immediately upon the occurrence of any {{isda87prov\|Event of Default}} specified in Section {{isda87prov\|5(a)(vii)}}(1), (2), (3), (5), (6), (7) or (8) and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence of any {{isda87prov\|Event of Default}} specified in Section {{isda87prov\|5(a)(vii)}}(4). <br>