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Template:Nutshell 1992 ISDA 6(a): Difference between revisions
Template:Nutshell 1992 ISDA 6(a) (view source)
Revision as of 09:07, 23 February 2020
, 23 February 2020Removed redirect to Template:Nutshell 2002 ISDA 6(a)
Amwelladmin (talk | contribs) (Redirected page to Template:Nutshell 2002 ISDA 6(a)) |
Amwelladmin (talk | contribs) (Removed redirect to Template:Nutshell 2002 ISDA 6(a)) Tag: Removed redirect |
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{{Isda92prov|6(a)}} '''{{Isda92prov|Right to Terminate following Event of Default}}'''. If one party (“'''{{Isda92prov|Defaulting Party}}'''”) suffers an {{Isda92prov|Event of Default}}, the other (the “'''{{Isda92prov|Non-defaulting Party}}'''”) may, [[by not more than 20 days’ notice]], designate an {{Isda92prov|Early Termination Date}} for all outstanding {{Isda92prov|Transactions}}. If {{Isda92prov|Automatic Early Termination}} applies to the {{Isda92prov|Defaulting Party}} and the {{Isda92prov|Event of Default}} it is qualifying {{Isda92prov|Bankruptcy}} event, the {{Isda92prov|Early Termination Date}} will occur: | |||
:(i) upon the {{Isda92prov|Bankruptcy}} event, if under {{Isda92prov|5(a)(vii)}}(1), (3), (5) or (6) or if analogous, (8); and | |||
:(ii) immediately before institution of the relevant proceeding, if under {{Isda92prov|5(a)(vii)}}(4) or if analogous, (8). <br> | |||