Template:ISDA Master Agreement 2002 2(a)(iii): Difference between revisions
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{{isdaprov|2(a)(iii)}} Each obligation of each party under Section {{isdaprov|2(a)(i)}} is subject to (1) the condition precedent | {{isdaprov|2(a)(iii)}} Each obligation of each party under Section {{isdaprov|2(a)(i)}} is subject to (1) the [[condition precedent]] that no {{isdaprov|Event of Default}} or {{isdaprov|Potential Event of Default}} with respect to the other party has occurred and is continuing, (2) the [[condition precedent]] that no {{isdaprov|Early Termination Date}} in respect of the relevant {{isdaprov|Transaction}} has occurred or been effectively designated and (3) each other applicable condition precedent specified in this {{isdaprov|Agreement}}. | ||
Revision as of 11:13, 18 October 2016
2(a)(iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other applicable condition precedent specified in this Agreement.