Template:Nutshell 2002 ISDA 6(b)(ii): Difference between revisions

::If there is a {{isdaprov|Tax Event}} with only one {{isdaprov|Affected Party}} or a {{isdaprov|Tax Event Upon Merger}} where the {{isdaprov|Burdened Party}} is the {{isdaprov|Affected Party}}, before designating an {{isdaprov|Early Termination Date}} the {{isdaprov|Affected Party}} must use all reasonable efforts to transfer, within 20 days of giving notice of the {{isdaprov|Termination Event}}, all its rights and obligations under the {{isdaprov|Affected Transactions}} to one of its {{isdaprov|Offices}} or {{isdaprov|Affiliates}} so that the {{isdaprov|Termination Event}} ceases to exist.

::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 {{isdaprov|Termination Event}}.