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Template:ISDA Master Agreement 1992 10: Difference between revisions
Template:ISDA Master Agreement 1992 10 (view source)
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Amwelladmin (talk | contribs) (Created page with "{{isdaprov|10}}. '''{{isdaprov|Offices; Multibranch Parties}}''' <br> :{{isdaprov|10(a)}} If Section {{isdaprov|10(a)}} is specified in the {{isdaprov|Schedule}} as applying, ...") |
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{{isdaprov|10}}. '''{{isdaprov|Offices; Multibranch Parties}}''' <br> | {{isdaprov|10}}. '''{{isdaprov|Offices; Multibranch Parties}}''' <br> | ||
:{{isdaprov|10(a)}} If Section {{isdaprov|10(a)}} is specified in the {{isdaprov|Schedule}} as applying, each party that enters into a {{isdaprov|Transaction}} <br>through an {{isdaprov|Office}} other than its head or home office represents to the other party that, notwithstanding the <br>place of booking office or jurisdiction of incorporation or organisation of such party, the obligations of such <br>party are the same as if it had entered into the {{isdaprov|Transaction}} through its head or home office. This representation <br>will be deemed to be repeated by such party on each date on which a {{isdaprov|Transaction}} is entered into. <br> | :{{isdaprov|10(a)}} If Section {{isdaprov|10(a)}} is specified in the {{isdaprov|Schedule}} as applying, each party that enters into a {{isdaprov|Transaction}} <br>through an {{isdaprov|Office}} other than its head or home office represents to the other party that, notwithstanding the <br>place of booking office or jurisdiction of incorporation or organisation of such party, the obligations of such <br>party are the same as if it had entered into the {{isdaprov|Transaction}} through its head or home office. This representation <br>will be deemed to be repeated by such party on each date on which a {{isdaprov|Transaction}} is entered into. <br> | ||
:(b) Neither party may change the {{isdaprov|Office}} through which it makes and receives payments or deliveries <br>for the purpose of a {{isdaprov|Transaction}} without the prior written consent of the other party. <br>(c) If a party is specified as a {{isdaprov|Multibranch Party}} in the Schedule, such {{isdaprov|Multibranch Party}} may make <br>and receive payments or deliveries under any {{isdaprov|Transaction}} through any {{isdaprov|Office}} listed in the {{isdaprov|Schedule}}, and the <br>{{isdaprov|Office}} through which it makes and receives payments or deliveries with respect to a {{isdaprov|Transaction}} will be <br>specified in the relevant {{isdaprov|Confirmation}}.<br> | :{{isdaprov|10(b)}} Neither party may change the {{isdaprov|Office}} through which it makes and receives payments or deliveries <br>for the purpose of a {{isdaprov|Transaction}} without the prior written consent of the other party. <br> | ||
:{{isdaprov|10(c)}} If a party is specified as a {{isdaprov|Multibranch Party}} in the Schedule, such {{isdaprov|Multibranch Party}} may make <br>and receive payments or deliveries under any {{isdaprov|Transaction}} through any {{isdaprov|Office}} listed in the {{isdaprov|Schedule}}, and the <br>{{isdaprov|Office}} through which it makes and receives payments or deliveries with respect to a {{isdaprov|Transaction}} will be <br>specified in the relevant {{isdaprov|Confirmation}}.<br> | |||