Template:Isda 5(a)(v) summ: Difference between revisions

*Counterparty fails to pay amounts falling due ''before'' maturity on a {{{{{1}}}|Specified Transaction}}, and you [[accelerate]] ''that'' transaction, but not necessarily others under the same [[master agreement]]. Here the principle is that ''any'' obligation to pay a sum of money on time is [[Fundamental breach|fundamental]], [[Time is of the essence|of the essence]] and speaks indelibly to a merchant’s credit, whether or not one accelerates other related Specified Transactions (though, actually, walk me through the scenarios in which you wouldn’t, or even weren’t ''obliged'' to?)  

*Counterparty fails to pay amounts falling due ''at'' maturity on a {{{{{1}}}|Specified Transaction}}, so you can’t “accelerate” as such on ''that'' {{{{{1}}}|Specified Transaction}}, as it has matured, but you are still out of pocket and of a mind to press a big red button;

*Counterparty [[Repudiation|presents you an extended middle finger]] generally with regard to any obligation under any Specified Transaction, whether you accelerate it or not. Here if your counterparty is playing craziest dude in the room, it has committed a [[repudiatory breach]] thereby losing what moral high-ground it might otherwise stand on to expect you to follow form and protocol before closing it out.