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Some interesting things here: | Some interesting things here: | ||
{{nyvmcsaprov|7(i)}}: '''Failure to Transfer Collateral''': | {{nyvmcsaprov|7(i)}}: '''Failure to Transfer Collateral''': {{csa grace periods}} | ||
{{nyvmcsaprov|7(ii)}}: '''Impermissable dealing''': this one is a doozy: the document, as standard, ''allows'' parties to [[rehypothecate]]. This default triggers if you have amended the document to say you cannot rehypothecate, but then you do anyway. Way to go, {{icds}}. | {{nyvmcsaprov|7(ii)}}: '''Impermissable dealing''': this one is a doozy: the document, as standard, ''allows'' parties to [[rehypothecate]]. This default triggers if you have amended the document to say you cannot rehypothecate, but then you do anyway. Way to go, {{icds}}. | ||
{{nyvmcsaprov|7(iii)}}: '''Other breach of Annex''': this is an analogue to the {{isdama}}’s sweep-up “{{isdaprov|Breach of Agreement}}” under Section {{isdaprov|5(a)(ii)}} — this is the Event of Default you use if you don’t really need to use an Event of Default. Why would ''anyone'' wait 30 days? | {{nyvmcsaprov|7(iii)}}: '''Other breach of Annex''': this is an analogue to the {{isdama}}’s sweep-up “{{isdaprov|Breach of Agreement}}” under Section {{isdaprov|5(a)(ii)}} — this is the Event of Default you use if you don’t really need to use an Event of Default. Why would ''anyone'' wait 30 days? |