Template:ISDA Master Agreement 1992 6(b)(iv): Difference between revisions

:{{isdaprov|6(b)(iv)}} '''{{isdaprov|Right to Terminate}}'''. If: —

::(1) a transfer under Section {{isdaprov|6(b)(ii)}} or an agreement under Section {{isdaprov|6(b)(iii)}}, [[as the case may be]], has not been [[effect]]ed [[with respect to]] all {{isdaprov|Affected Transaction}}s within 30 days after an {{isdaprov|Affected Party}} gives notice under Section {{isdaprov|6(b)(i)}}; or

::(2) an {{isdaprov|Illegality}} under Section {{isdaprov|5(b)(i)}}(2), a {{isdaprov|Credit Event Upon Merger}} or an {{isdaprov|Additional Termination Event}} occurs, or a {{isdaprov|Tax Event Upon Merger}} occurs and the {{isdaprov|Burdened Party}} is not the {{isdaprov|Affected Party}},

:either party in the case of an {{isdaprov|Illegality}}, the {{isdaprov|Burdened Party}} in the case of a {{isdaprov|Tax Event Upon Merger}}, any {{isdaprov|Affected Party}} in the case of a {{isdaprov|Tax Event}} or an {{isdaprov|Additional Termination Event}} if there is more than one {{isdaprov|Affected Party}}, or the party which is not the {{isdaprov|Affected Party}} in the case of a {{isdaprov|Credit Event Upon Merger}} or an {{isdaprov|Additional Termination Event}} if there is only one {{isdaprov|Affected Party}} may, [[By not more than 20 days’ notice|by not more than 20 days notice]] to the other party and provided that the relevant {{isdaprov|Termination Event}} is then continuing, designate a day not earlier than the day such notice is effective as an {{isdaprov|Early Termination Date}} in respect of all {{isdaprov|Affected Transaction}}s. <br>