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Template:ISDA Master Agreement 2002 2(e): Difference between revisions
Template:ISDA Master Agreement 2002 2(e) (view source)
Revision as of 17:08, 23 May 2023
, 23 May 2023no edit summary
Amwelladmin (talk | contribs) (Created page with "2(e) '''{{isdaprov|Condition End Date}}'''. :(i) If an {{isdaprov|Event of Default}} occurs, the {{isdaprov|Defaulting Party}} may, by notice to the {{isdaprov|non-Defaulting Party}} identifying the {{isdaprov|Event of Default}} and confirming its occurrence, specify that clause (iii) will apply to that {{isdaprov|Event of Default}}. :(ii) If a {{isdaprov|Potential Event of Default}} occurs with respect to a party, that party may, by notice to the other party identifying...") |
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:(v) If the {{isdaprov|Defaulting Party}} has given a notice under clause (i) above in respect of an {{isdaprov|Event of Default}} under Section 5(a)(vii), then clause (iv) will not apply.” | :(v) If the {{isdaprov|Defaulting Party}} has given a notice under clause (i) above in respect of an {{isdaprov|Event of Default}} under Section 5(a)(vii), then clause (iv) will not apply.” | ||
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Section {{isdaprov|14}} of the Agreement is amended to add in the appropriate alphabetical position a new definition of “{{isdaprov|Condition End Date}}”, reading in its entirety as follows: | Section {{isdaprov|14}} of the Agreement is amended to add in the appropriate alphabetical position a new definition of “{{isdaprov|Condition End Date}}”, reading in its entirety as follows: <br> | ||
“{{isdaprov|Condition End Date}}” means, with respect to an {{isdaprov|Event of Default}}, the day falling 90 days after a notice given by the {{isdaprov|Defaulting Party}} under Section {{isdaprov|2(e)(i)}} or Section {{isdaprov|2(e)(ii)}} is effective if the {{isdaprov|Event of Default}} is still continuing on that day.” <br> | “'''{{isdaprov|Condition End Date}}'''” means, with respect to an {{isdaprov|Event of Default}}, the day falling 90 days after a notice given by the {{isdaprov|Defaulting Party}} under Section {{isdaprov|2(e)(i)}} or Section {{isdaprov|2(e)(ii)}} is effective if the {{isdaprov|Event of Default}} is still continuing on that day.” <br> | ||