Template:ISDA Master Agreement 1992 5(a)(iii): Difference between revisions

:{{isda92prov|5(a)(iii)}} '''{{isda92prov|Credit Support Default}}'''.<br>

::(1) Failure by the party or any {{isda92prov|Credit Support Provider}} of such party to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any {{isda92prov|Credit Support Document}} if such failure is continuing after any applicable [[grace period]] has elapsed; <br>

::(2) the expiration or termination of such {{isda92prov|Credit Support Document}} or the failing or ceasing of such {{isda92prov|Credit Support Document}} to be in [[full force and effect]] for the purpose of this {{isda92prov|Agreement}} (in either case other than in accordance with its terms) prior to the satisfaction of all obligations of such party under each {{isda92prov|Transaction}} to which such {{isda92prov|Credit Support Document}} relates without the written consent of the other party; or <br>

::(3) the party or such {{isda92prov|Credit Support Provider}} disaffirms, disclaims, repudiates or rejects, [[in whole or in part]], or challenges the validity of, such {{isda92prov|Credit Support Document}}; <br>