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:{{isda92prov|6(b)(ii)}} '''{{isda92prov|Transfer to Avoid Termination Event}}''' | |||
:{{ | ::If there is an {{isda92prov|Illegality}} or a {{isda92prov|Tax Event}} with only one {{isda92prov|Affected Party}} or a {{isda92prov|Tax Event Upon Merger}} where the {{isda92prov|Burdened Party}} is the {{isda92prov|Affected Party}}, before designating an {{isda92prov|Early Termination Date}} the {{isda92prov|Affected Party}} must use all reasonable efforts to transfer, within 20 days of giving notice of the {{isda92prov|Termination Event}}, all its rights and obligations under the {{isda92prov|Affected Transactions}} to one of its {{isda92prov|Offices}} or {{isda92prov|Affiliates}} so that the {{isda92prov|Termination Event}} ceases to exist. | ||
::If there is a {{ | ::If it cannot make such a transfer, it will advise the other party within the 20 day period, and the other party may effect such a transfer within 30 days after the original notice of {{isda92prov|Termination Event}}. | ||
::If it cannot make such a transfer, it will advise the other party within the 20 day period, and the other party may effect such a transfer within 30 days after the original notice of {{ | ::Any such transfer will require the other party’s [[prior written consent]] (which may not be withheld if the other party’s prevailing policies would permit it to enter into transactions on the terms proposed).<br> | ||
::Any such transfer |