Template:ISDA Master Agreement 1992 PPF Event: Difference between revisions

Template:ISDA Master Agreement 1992 PPF Event (view source)

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 :(b) the [[PPF]] determines under section 152(2) that it must accept responsibility for the Scheme; or <br>
 :(c) the [[PPF]] approves under section 158(3) of the Act an actuarial valuation which verifies that [[Party A]]’s protected liabilities exceed its assets; <br>
-provided that in each case there shall be no {{isdaprov|Additional Termination Event}} if the [[PPF]] prior to termination by {{isdaprov|Party B}} has executed and issued a deed to {{isdaprov|Party B}} that it will not, following the issue of a transfer notice pursuant to section 160 of the Act, use its powers under section 161 of the Act (or any regulations made thereunder) to disapply or amend any terms or conditions of this Agreement or terminate this Agreement (unless such disapplication, amendment or termination is permitted under the express terms of the Agreement).
+provided that in each case there shall be no {{isdaprov|Additional Termination Event}} if the [[PPF]] prior to termination by {{isdaprov|Party B}} has executed and issued a deed to {{isdaprov|Party B}} that it will not, following the issue of a transfer notice pursuant to section 160 of the Act, use its powers under section 161 of the Act (or any regulations made thereunder) to disapply or amend any terms or conditions of this Agreement or terminate this Agreement (unless such disapplication, amendment or termination is permitted under the express terms of the Agreement). <br>