Template:Nutshell 2018 CSD 13(h)
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13(h) “Secured Party Rights Event” means:
- (i) an Early Termination Date in respect of all Transactions happens because of an Event of Default or Access Condition for the Chargor [and the Chargor has not paid its Obligations in full when due]; or
- (ii) if “Failure to Pay Early Termination Amount” applies,
- the Chargor is subject to an ongoing Event of Default and its Section 6(e) payment obligation for an Early Termination Date for all Transactions [umm something seems to be missing here?]:
- Failure to Pay Early Termination Amount [applies][does not apply].
- [(iii)] if “Control Agreement Secured Party Rights Event” applies to a party as Chargor, a “Secured Party Rights Event” will only occur Secured Party is contractually entitled to exercise exclusive control of the Posted Credit Support (IM) :
- Party A as Chargor, Party B as Secured Party: Control Agreement Secured Party Rights Event [applies][does not apply].
- Party B as Chargor and Party A as Secured Party: Control Agreement Secured Party Rights Event is: [applies][does not apply].