Template:Nutshell ISDA Give-Up Termination: Difference between revisions

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Revision as of 14:25, 21 October 2016 (view source) Amwelladmin (talk \| contribs) (Created page with "Section 4. {{prov\|Termination\|ISDA Give-Up}}. This {{prov\|Termination\|Agreement or any {{prov\|Termination\|Designation Notice remains in effect unless terminated by {{prov\|Ter...")		Revision as of 14:29, 21 October 2016 (view source) Amwelladmin (talk \| contribs) No edit summary Newer edit →
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	Section 4. {{prov\|~~Termination\|ISDA Give-Up~~}}. This {{prov\|~~Termination~~\|Agreement or any {{prov\|~~Termination~~\|Designation Notice remains in effect unless terminated by {{prov\|~~Termination~~\|Prime Broker or {{prov\|~~Termination~~\|Dealer on notice delivered under Section {{prov\|~~Termination~~\|5(a) of this {{prov\|~~Termination~~\|Agreement. Notwithstanding the provisions of Section {{prov\|~~Termination~~\|5 of this {{prov\|~~Termination~~\|Agreement, such termination notice shall be effective in accordance with the period of time specified in Part {{prov\|~~Termination~~\|5 of the {{prov\|~~Termination~~\|Schedule; provided, however, that no such termination shall be effective in respect of either: (a) an outstanding {{prov\|~~Termination~~\|Accepted Transaction; or (b) a {{prov\|~~Termination~~\|Counterparty Transaction that would not be a {{prov\|~~Termination~~\|Problem Transaction and that was entered into prior to the effectiveness of such termination and as to which the {{prov\|~~Termination~~\|Dealer Notice has been promptly sent to {{prov\|~~Termination~~\|Prime Broker. This {{prov\|~~Termination~~\|Agreement shall terminate immediately upon the occurrence of an {{isdaprov\|Early Termination Date}} in respect of the [[ISDA Master Agreement]] between the parties if the parties have specified {{isdaprov\|Automatic Early Termination}} as applying to either of the parties.		Section {{prov\|igu\|4}} . {{prov\|igu}}. This {{prov\|igu\|Agreement}} or any {{prov\|igu\|Designation Notice}} remains in effect unless terminated by {{prov\|igu\|Prime Broker}} or {{prov\|igu\|Dealer}} on notice delivered under Section {{prov\|igu\|5(a)}} of this {{prov\|igu\|Agreement}}. Notwithstanding the provisions of Section {{prov\|igu\|5}} of this {{prov\|igu\|Agreement}}, such termination notice shall be effective in accordance with the period of time specified in Part {{prov\|igu\|5}} of the {{prov\|igu\|Schedule}}; provided, however, that no such termination shall be effective in respect of either: (a) an outstanding {{prov\|igu\|Accepted Transaction}}; or (b) a {{prov\|igu\|Counterparty Transaction}} that would not be a {{prov\|igu\|Problem Transaction}} and that was entered into prior to the effectiveness of such termination and as to which the {{prov\|igu\|Dealer Notice}} has been promptly sent to {{prov\|igu\|Prime Broker}}. This {{prov\|igu\|Agreement}} shall terminate immediately upon the occurrence of an {{isdaprov\|Early Termination Date}} in respect of the [[ISDA Master Agreement]] between the parties if the parties have specified {{isdaprov\|Automatic Early Termination}} as applying to either of the parties.