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Template:ISDA New York Law Credit Support Annex 2016 5: Difference between revisions
Template:ISDA New York Law Credit Support Annex 2016 5 (view source)
Revision as of 14:30, 7 May 2024
, 7 May→Paragraph {{nyvmcsaprov|5}} {{nyvmcsaprov|Dispute Resolution}}
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Paragraph {{nyvmcsaprov|5}} '''{{nyvmcsaprov|Dispute Resolution}}'''<br> | |||
If a party (a “'''{{nyvmcsaprov|Disputing Party}}'''”) disputes (I) the {{nyvmcsaprov|Valuation Agent}}’s calculation of a {{nyvmcsaprov|Delivery Amount (VM)}} or a {{nyvmcsaprov|Return Amount (VM)}} or (II) the {{nyvmcsaprov|Value}} of any {{nyvmcsaprov|Transfer}} of {{nyvmcsaprov|Eligible Credit Support (VM)}} or {{nyvmcsaprov|Posted Credit Support (VM)}}, then:<br> | If a party (a “'''{{nyvmcsaprov|Disputing Party}}'''”) disputes (I) the {{nyvmcsaprov|Valuation Agent}}’s calculation of a {{nyvmcsaprov|Delivery Amount (VM)}} or a {{nyvmcsaprov|Return Amount (VM)}} or (II) the {{nyvmcsaprov|Value}} of any {{nyvmcsaprov|Transfer}} of {{nyvmcsaprov|Eligible Credit Support (VM)}} or {{nyvmcsaprov|Posted Credit Support (VM)}}, then:<br> | ||
:(i) the {{nyvmcsaprov|Disputing Party}} will notify the other party and the {{nyvmcsaprov|Valuation Agent}} (if the {{nyvmcsaprov|Valuation Agent}} is not the other party) not later than the close of business on (X) the date that the {{nyvmcsaprov|Transfer}} is due in respect of such {{nyvmcsaprov|Delivery Amount (VM)}} or {{nyvmcsaprov|Return Amount (VM)}} in the case of (I) above, or (Y) the {{nyvmcsaprov|Local Business Day}} following the date of {{nyvmcsaprov|Transfer}} in the case of (II) above,<br> | :(i) the {{nyvmcsaprov|Disputing Party}} will notify the other party and the {{nyvmcsaprov|Valuation Agent}} (if the {{nyvmcsaprov|Valuation Agent}} is not the other party) not later than the close of business on (X) the date that the {{nyvmcsaprov|Transfer}} is due in respect of such {{nyvmcsaprov|Delivery Amount (VM)}} or {{nyvmcsaprov|Return Amount (VM)}} in the case of (I) above, or (Y) the {{nyvmcsaprov|Local Business Day}} following the date of {{nyvmcsaprov|Transfer}} in the case of (II) above,<br> | ||