Template:ISDA Master Agreement 1992 2(a): Difference between revisions

{{isdaprov|2(a)}} '''{{isdaprov|General Conditions}}'''.  

:{{isdaprov|2(a)(i)}} Each party will make each payment or delivery specified in each {{isdaprov|Confirmation}} to be made by  it, subject to the other provisions of this {{isdaprov|Agreement}}.  

:{{isdaprov|2(a)(ii)}} Payments under this {{isdaprov|Agreement}} will be made on the due date for value on that date in the place  of the account specified in the relevant {{isdaprov|Confirmation}} or otherwise pursuant to this {{isdaprov|Agreement}}, in  freely transferable funds and in the manner customary for payments in the required currency. Where  settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on  the due date in the manner customary for the relevant obligation unless otherwise specified in the  relevant {{isdaprov|Confirmation}} or elsewhere in this {{isdaprov|Agreement}}.  

:{{isdaprov|2(a)(iii)}} Each obligation of each party under Section {{isdaprov|2(a)(i)}} is subject to (1) the condition precedent  that no {{isdaprov|Event of Default}} or {{isdaprov|Potential Event of Default}} with respect to the other party has occurred  and is continuing, (2) the condition precedent that no {{isdaprov|Early Termination Date}} in respect of the  relevant {{isdaprov|Transaction}} has occurred or been effectively designated and (3) each other applicable  condition precedent specified in this {{isdaprov|Agreement}}. <br />