Template:ISDA New York Law Credit Support Annex 2016 13: Difference between revisions

=== Paragraph '''{{nyvmcsaprov|13}}'''. {{nyvmcsaprov|Elections and Variables}}=== {{nyvmcsaprov|13(a)}} '''{{nyvmcsaprov|Base Currency and Eligible Currency}}'''.<br>

::{{nyvmcsaprov|13(a)(ii)}} “'''{{nyvmcsaprov|Eligible Currency}}'''” means the {{nyvmcsaprov|Base Currency}} and each other currency specified here:[...]<br> {{nyvmcsaprov|13(b)}} '''{{nyvmcsaprov|Covered Transactions; Security Interest for Obligations; Exposure}}'''.<br>

::{{nyvmcsaprov|13(b)(iii)}} “'''{{nyvmcsaprov|{{nyvmcsaprov|Exposure}}}}'''” has the meaning specified in Paragraph {{nyvmcsaprov|12)}}, unless otherwise specified here: [...]<br> {{nyvmcsaprov|13(c)}} '''{{nyvmcsaprov|Credit Support Obligations}}'''.<br>

:::{{nyvmcsaprov|13(c)(vii)(A)}} “'''{{nyvmcsaprov|Minimum Transfer Amount}}'''” means with respect to Party A: $ [...]<br>

::{{nyvmcsaprov|13(c)(viii)}} '''{{nyvmcsaprov|Transfer Timing}}'''. “Regular Settlement Day” has the meaning specified in Paragraph {{nyvmcsaprov|12)}}, unless otherwise specified here: […]<br> {{nyvmcsaprov|13(d)}} '''{{nyvmcsaprov|Valuation and Timing}}'''.<br>

::{{nyvmcsaprov|13(d)(iv)}} “'''{{nyvmcsaprov|Notification Time}}'''” means 10:{{nyvmcsaprov|00}} a.m., New York time, on a {{nyvmcsaprov|Local Business Day}}, unless otherwise specified here: [...]<br> {{nyvmcsaprov|13(e)}} '''{{nyvmcsaprov|Conditions Precedent and Secured Party’s Rights and Remedies}}'''.<br>

::{{nyvmcsaprov|13(f)(ii)}} '''Consent'''. If specified here as applicable, then the {{nyvmcsaprov|Pledgor}} must obtain the {{nyvmcsaprov|Secured Party}}’s consent for any substitution pursuant to Paragraph 4(d): [applicable/inapplicable]<ref>Parties should consider selecting “applicable” where substitution without consent could give rise to a registration requirement to perfect properly the security interest in Posted Collateral (e.g., where a party to the Annex is the New York branch of an English bank)</ref><br> {{nyvmcsaprov|13(g)}} '''{{nyvmcsaprov|Dispute Resolution}}'''.<br>

::{{nyvmcsaprov|13(g)(iii)}} '''Alternative'''. The provisions of Paragraph 5 will apply, unless an alternative {{nyvmcsaprov|Dispute Resolution}} procedure is specified here: [...]<br> {{nyvmcsaprov|13(h)}} '''{{nyvmcsaprov|Holding and Using Posted Collateral (VM)}}'''.<br>

::and [that party/those parties*] will not be permitted to: [...]<br> {{nyvmcsaprov|13(i)}} '''{{nyvmcsaprov|Distributions and Interest Payment (VM)}}'''.<br>

::{{nyvmcsaprov|13(i)(iv)}} '''{{nyvmcsaprov|Alternative to Interest Amount (VM) and Interest Payment (VM)}}'''. The provisions of Paragraph 6(d)(ii) will apply, unless otherwise specified here: [...]<br> {{nyvmcsaprov|13(j)}} '''{{nyvmcsaprov|Credit Support Offsets}}'''. If specified here as applicable, then the “{{nyvmcsaprov|Credit Support Offsets}}” provisions in Paragraph 11(j) of this Annex will apply: [applicable/inapplicable].<br> {{nyvmcsaprov|13(k)}} '''{{csaprov|Additional Representations}}'''.<br>

[Party A/Party B] represents to the other party (which representation(s) will be deemed to be repeated as of each date on which it, as the {{nyvmcsaprov|Pledgor}}, {{nyvmcsaprov|Transfer}}s {{nyvmcsaprov|Eligible Collateral (VM)}}) that: […]<br> {{nyvmcsaprov|13(l)}} '''{{nyvmcsaprov|Other Eligible Support (VM) and Other Posted Support (VM)}}'''.<br>

::{{nyvmcsaprov|13(l)(ii)}} “'''{{nyvmcsaprov|Transfer}}'''” with respect to {{nyvmcsaprov|Other Eligible Support (VM)}} and {{nyvmcsaprov|Other Posted Support (VM)}} means: [...]<br> {{nyvmcsaprov|13(m)}} '''{{nyvmcsaprov|Demands and Notices}}'''. All demands, specifications and notices under this Annex will be made pursuant to the Notices Section of this Agreement, unless otherwise specified here:<br>

:Party B: [...]<br> {{nyvmcsaprov|13(n)}} '''{{nyvmcsaprov|Addresses for Transfers}}'''.<br>

:Party B: [...]<br> {{nyvmcsaprov|13(o)}} “'''{{nyvmcsaprov|Other CSA}}'''” has the meaning specified in Paragraph {{nyvmcsaprov|12)}}, unless otherwise specified here: [...]<br> {{nyvmcsaprov|13(p)}} '''{{nyvmcsaprov|Other Provisions}}'''.<br>