Template:ISDA Master Agreement 2002 5(a)(viii): Difference between revisions

{{isdaprov|5(a)(viii)}} '''{{isdaprov|Merger Without Assumption}}'''. The party or any {{isdaprov|Credit Support Provider}} of such party consolidates or amalgamates with, or merges with or into, or transfers [[all or substantially all]] its assets to, or reorganises, reincorporates or reconstitutes into or as, another entity and, at the time of such consolidation, amalgamation, merger, transfer, reorganisation, reincorporation or reconstitution:―<br>

:{{isdaprov|5(a)(viii)(1)}} the resulting, surviving or transferee entity fails to assume all the obligations of such party or such {{isdaprov|Credit Support Provider}} under this {{isdaprov|Agreement}} or any {{isdaprov|Credit Support Document}} to which it or its predecessor was a party; or<br>

:{{isdaprov|5(a)(viii)(2)}} the benefits of any {{isdaprov|Credit Support Document}} fail to extend (without the consent of the other party) to the performance by such resulting, surviving or transferee entity of its obligations under this {{isdaprov|Agreement}}.