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

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(Created page with ":{{isdaprov|2(a)(iii)}} Each party’s obligations under Section {{isdaprov|2(a)(i)}} are subject to the following conditions precedent: ::(1) there is no existing {{isdap...")
 
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:{{isdaprov|2(a)(iii)}} Each party’s obligations under Section {{isdaprov|2(a)(i)}} are subject to the following [[conditions precedent]]:
:{{isdaprov|2(a)(iii)}} Each party’s obligations under each {{isdaprov|Transaction}} are conditional upon:
::(1) there is no existing {{isdaprov|Event of Default}} or {{isdaprov|Potential Event of Default}} against the other party;
::(1) there being no uncured {{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
::(2) no {{isdaprov|Early Termination Date}} having been designated for the {{isdaprov|Transaction}}.
::(3) each other [[condition precedent]] in this {{isdaprov|Agreement}}. <br>
::(3) each other [[condition precedent]] in this {{isdaprov|Agreement}} being met. <br>