Template:ISDA Master Agreement 1992 7: Difference between revisions
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{{isdaprov|7}} '''{{isdaprov|Transfer}}''' | {{isdaprov|7}} '''{{isdaprov|Transfer}}''' Subject to Section {{isdaprov|6(b)(ii)}}, neither this {{isdaprov|Agreement}} nor any interest or obligation in or under this {{isdaprov|Agreement}} may be transferred (whether by way of security or otherwise) by either party without the prior written consent of the other party, except that: — <br> | ||
:(a) a party may make such a transfer of this {{isdaprov|Agreement}} pursuant to a consolidation or amalgamation | :(a) a party may make such a transfer of this {{isdaprov|Agreement}} pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity (but without prejudice to any other right or remedy under this {{isdaprov|Agreement}}); and <br> | ||
:(b) a party may make such a transfer of all or any part of its interest in any amount payable to it from | :(b) a party may make such a transfer of all or any part of its interest in any amount payable to it from a {{isdaprov|Defaulting Party}} under Section {{isdaprov|6(e)}}. | ||
Any purported transfer that is not in compliance with this Section will be void. <br> | Any purported transfer that is not in compliance with this Section will be void. <br> | ||
Revision as of 13:26, 2 November 2017
7 Transfer Subject to Section 6(b)(ii), neither this Agreement nor any interest or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) by either party without the prior written consent of the other party, except that: —
- (a) a party may make such a transfer of this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity (but without prejudice to any other right or remedy under this Agreement); and
- (b) a party may make such a transfer of all or any part of its interest in any amount payable to it from a Defaulting Party under Section 6(e).
Any purported transfer that is not in compliance with this Section will be void.