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

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{{ISDA 2002 clausehead|2(a)|}}
{{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)(i)}} Each party must perform its obligations under each {{isdaprov|Transaction}} {{isdaprov|Confirmation}}. <br>
:{{isdaprov|2(a)(ii)}} Parties must make:
:{{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>
{{Nutshell 2002 ISDA 2(a)(iii)}}
{{Nutshell 2002 ISDA 2(a)(iii)}}

Latest revision as of 10:57, 7 February 2022

2(a) General Conditions

2(a)(i) Each party must perform its obligations under each Transaction Confirmation.
2(a)(ii) Parties must make:
(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.
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.