Common use of Alternative Clause in Contracts

Alternative. The provisions of Paragraph 5 will apply except to the following extent; pending the resolution of a dispute, Transfer of the undisputed Value of Eligible Credit Support or Posted Credit Support involved in the relevant demand will be due as provided in Paragraph 5 if the demand is given by the Notification Time but will be due on the second Local Business Day after the demand if the demand is given after the Notification Time.

Appears in 34 contracts

Sources: Isda Credit Support Annex, Master Agreement, Master Agreement

Alternative. The provisions of Paragraph 5 will apply of this Annex apply, except to the following extent; that, pending the resolution of a dispute, Transfer of the undisputed Value of Eligible Credit Support or Posted Credit Support involved in the relevant demand will be is, if the demand is made at or before the Notification Time, due as provided in Paragraph 5 of this Annex, and, if the demand is given by made after the Notification Time but will be Time, due on the second (2nd) Local Business Day after the demand if the demand is given after the Notification Timedemand.

Appears in 1 contract

Sources: Isda Master Agreement (Summer Energy Holdings Inc)

Alternative. The provisions of Paragraph 5 will apply apply, except to the following extent; pending : Pending the resolution of a dispute, Transfer of the undisputed Value of Eligible Credit Support or Posted Credit Support involved in the relevant demand will be due as provided in Paragraph 5 if the demand is given by the Notification Time but will be due on the second Local Business Day after the demand if the demand is given after the Notification Time.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Natixis Real Estate Capital Trust 2007-He2)

Alternative. The provisions of Paragraph 5 will apply apply, except to the following extent; : pending the resolution of a dispute, Transfer of the undisputed Value of Eligible Credit Support or Posted Credit Support involved in the relevant demand will be due as provided in Paragraph 5 if the demand is given by made at or before the Notification Time but will be due on the second Local Business Day after the demand if the demand is given made after the Notification Time.

Appears in 1 contract

Sources: Credit Support Annex