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

Template:ISDA Master Agreement 1992 5(a)(viii) (view source)

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-{{isdaprov|5(a)(viii)}} '''{{isdaprov|Merger Without Assumption}}'''. The party or any {{isdaprov|Credit Support Provider}} of such party <br>consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets
+{{isdaprov|5(a)(viii)}} '''{{isdaprov|Merger Without Assumption}}'''. The party or any {{isdaprov|Credit Support Provider}} of such party <br>consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets <br>to, another entity and, at the time of such consolidation, amalgamation, merger or transfer: —<br>
-to, another entity and, at the time of such consolidation, amalgamation, merger or transfer: —<br>
 :{{isdaprov|5(a)(viii)(1)}} the resulting, surviving or transferee entity fails to assume all the obligations of such party <br>or such {{isdaprov|Credit Support Provider}} under this {{isdaprov|Agreement}} or any {{isdaprov|Credit Support Document}} to <br>which it or its predecessor was a party by operation of law or pursuant to an agreement <br>reasonably satisfactory to the other party to this {{isdaprov|Agreement}}; or<br>
-:{{isdaprov|5(a)(viii)(2)}} the benefits of any {{isdaprov|Credit Support Document}} fail to extend (without the consent of the <br>other party) to the performance by such resulting, surviving or transferee entity of its <br>
+:{{isdaprov|5(a)(viii)(2)}} the benefits of any {{isdaprov|Credit Support Document}} fail to extend (without the consent of the <br>other party) to the performance by such resulting, surviving or transferee entity of its <br>obligations under this {{isdaprov|Agreement}}.
-obligations under this {{isdaprov|Agreement}}.