No Event of Default. The failure by a party to make a transfer of any amount which is the subject of a dispute to which Paragraph 4(a) applies will not constitute an Event of Default for as long as the procedures set out in this Paragraph 4 are being carried out. For the avoidance of doubt, upon completion of those procedures, Section 5(a)(i) of this Agreement will apply to any failure by a party to make a transfer required under the final sentence of Paragraph 4(a) on the relevant due date.
Appears in 99 contracts
Samples: Master Agreement (RBC Covered Bond Guarantor Limited Partnership), 2002 Master Agreement (RBC Covered Bond Guarantor Limited Partnership), 2002 Master Agreement
No Event of Default. The failure by a party to make a transfer of any amount which is the subject of a dispute to which Paragraph 4(a) 4.1 applies will not constitute an Event of Default for as long as the procedures set out in this Paragraph 4 are being carried out. For the avoidance of doubt, upon completion of those procedures, Section 5(a)(iClause 5.1(a) of this Agreement will apply to any failure by a party to make a transfer required under the final sentence of Paragraph 4(a) 4.1 on the relevant due date.
Appears in 8 contracts
Samples: Isda Master Agreement (Holmes Master Issuer), Isda Master Agreement (Holmes Master Issuer), Master Agreement (Holmes Master Issuer)
No Event of Default. The failure by a party to make a transfer of any amount which is the subject of a dispute to which Paragraph 4(a) 4.1 applies will not constitute an Event of Default for as long as the procedures set out in this Paragraph 4 are being carried out. For the avoidance of doubt, upon completion of those procedures, Section 5(a)(i) of this Agreement will apply to any failure by a party to make a transfer required under the final sentence of Paragraph 4(a) 4.1 on the relevant due date.
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