Template:Nutshell 2002 ISDA PPF Event: Difference between revisions

Template:Nutshell 2002 ISDA PPF Event (view source)

13 bytes added , 31 December 2020

no edit summary

83,049

edits

@@ Line 2: / Line 2: @@
 :(a) verifies that [Pension Fund Party]’s protected liabilities exceed its assets (or approves an actuarial valuation to that effect; or <br>
 :(b) determines it must accept responsibility for the Scheme.
-However it will not be {{isdaprov|Additional Termination Event}} if before the {{isdaprov|Non-Affected Party}} terminates the Affected Transactions<ref>The drafting is lax here: not clear whether this is designates an Early Termination Date or actually completes termination of all Affected Transactions.</ref> by {{isdaprov|Non-Affected Party}} the [[PPF]] has [[deliver]]ed a [[deed]] to the {{isdaprov|Non-Affected Party}} committing not to use its powers to amend or terminate any part of this Agreement (other than as is permitted under its express terms).<br>
+However it will not be {{isdaprov|Additional Termination Event}} if before the {{isdaprov|Non-Affected Party}} terminates the {{isdaprov|Affected Transaction}}s<ref>The drafting is lax here: not clear whether this is designates an Early Termination Date or actually completes termination of all Affected Transactions.</ref> by {{isdaprov|Non-Affected Party}} the [[PPF]] has [[deliver]]ed a [[deed]] to the {{isdaprov|Non-Affected Party}} committing not to use its powers to amend or terminate any part of this Agreement (other than as is permitted under its express terms).<br>