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

:{{isda92prov|5(a)(viii)}} '''{{isda92prov|Merger Without Assumption}}'''. The party or any {{isda92prov|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>

::{{isda92prov|5(a)(viii)(1)}} the resulting, surviving or transferee entity fails to assume all the obligations of such party <br>or such {{isda92prov|Credit Support Provider}} under this {{isda92prov|Agreement}} or any {{isda92prov|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 {{isda92prov|Agreement}}; or<br>

::{{isda92prov|5(a)(viii)(2)}} the benefits of any {{isda92prov|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 {{isda92prov|Agreement}}.