Template:Nutshell 2002 ISDA 2(a): Difference between revisions

Template:Nutshell 2002 ISDA 2(a) (view source)

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-{{isdaprov|2(a)}} '''{{isdaprov|General Conditions}}'''.
+{{ISDA clausehead|2(a)|}}<br>
 :{{isdaprov|2(a)(i)}} Each party must perform its obligations under each {{isdaprov|Transaction}} {{isdaprov|Confirmation}}. <br>
 :{{isdaprov|2(a)(ii)}} Parties must make:
-::(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 specified due date, 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) [[Delivery - ISDA Provision|Deliveries]] for receipt on the due date and in the regular fashion for making deliveries of the asset in question. <br>
-:{{isdaprov|2(a)(iii)}} Each party’s obligations under Section {{isdaprov|2(a)(i)}} are subject to the following [[conditions precedent]]:
+{{Nutshell 2002 ISDA 2(a)(iii)}}
-::(1) there is no existing {{isdaprov|Event of Default}} or {{isdaprov|Potential Event of Default}} against the other party;
-::(2) no Early Termination Date has been designated for the Transaction in question
-::(3) each other [[condition precedent]] in this {{isdaprov|Agreement}}. <br>