Template:Nutshell 2002 ISDA 2(a): Difference between revisions
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::(a) Payments for value the due date, as specified in the {{isdaprov|Confirmation}}, in freely transferable funds and in the regular fashion for making payments in the currency in question. | ::(a) Payments for value the due date, as specified in the {{isdaprov|Confirmation}}, in freely transferable funds and in the regular fashion for making payments in the currency in question. | ||
::(b) Deliveries for receipt on the due date and in the regular fashion for making deliveries of the asset in question. <br> | ::(b) Deliveries for receipt on the due date and in the regular fashion for making deliveries of the asset in question. <br> | ||
{{Nutshell 2002 ISDA 2(a)(iii)}} | |||
Revision as of 10:36, 28 June 2019
- 2(a)(i) Each party must perform its obligations under each Transaction Confirmation.
- 2(a)(ii) Parties must make:
- (a) Payments for value the due date, as specified in the Confirmation, in freely transferable funds and in the regular fashion for making payments in the currency in question.
- (b) Deliveries for receipt on the due date and in the regular fashion for making deliveries of the asset in question.
- 2(a)(iii) Each party’s obligations under each Transaction are conditional upon:
- (1) there being no uncured Event of Default or Potential Event of Default against the other party.
- (2) no Early Termination Date having been designated for the Transaction.
- (3) each other condition precedent in this Agreement being met.