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Template:ISDA Master Agreement 2002 5(a)(vii): Difference between revisions
Template:ISDA Master Agreement 2002 5(a)(vii) (view source)
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:{{isdaprov|5(a)(vii)}} '''{{isdaprov| | :{{isdaprov|5(a)(vii)}} '''{{isdaprov|Bankruptcy}}'''. The party, any {{isdaprov|Credit Support Provider}} of such party or any [[applicable]] {{isdaprov|Specified Entity}} of such party:― | ||
::(1) is dissolved (other than pursuant to a [[consolidation]], [[amalgamation]] or [[merger]]); <br> | ::(1) is dissolved (other than pursuant to a [[consolidation]], [[amalgamation]] or [[merger]]); <br> | ||
::(2) becomes [[insolvent]] or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; <br> | ::(2) becomes [[insolvent]] or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; <br> | ||