Amendment to LMCSV CSA Clause Samples
The "Amendment to LMCSV CSA" clause serves to formally modify the terms of an existing LMCSV Credit Support Annex (CSA) agreement between parties. This clause outlines the specific changes being made, such as adjustments to collateral requirements, eligible collateral types, or operational procedures, and details how these amendments will be implemented and become effective. Its core practical function is to provide a clear, legally binding mechanism for updating the CSA to reflect new agreements or regulatory requirements, thereby ensuring both parties remain aligned and compliant with evolving needs.
POPULAR SAMPLE Copied 1 times
Amendment to LMCSV CSA. ▇▇▇▇ ▇▇▇▇▇, LMCSV and the Fund hereby agree that Section 1(f) of the LMCSV CSA is hereby amended by deleting Section 1(f) in its entirety and restating it as follows: "Maximum Contribution Amount" means $30,000,000.
