Credit Support Deed definition
Examples of Credit Support Deed in a sentence
Persons intending to establish a collateral arrangement based on the creation of a charge or other security interest should consider using the ISDA Credit Support Deed (English law) or the ISDA Credit Support Annex (New York law), as appropriate.
The parties hereby agree that the text of the body of this Deed is intended to be the printed form of ISDA Credit Support Deed (Bilateral Form – Security Interest – ISDA Agreements Subject to English Law version) as published and copyrighted by the International Swaps and Derivatives Association, Inc.
All such transfers shall be made with a reference to “Collateral under ISDA Credit Support Deed between CS and Virgin Entertainment Investment Holding Ltd”.
Agreed Process means any process agreed between the parties in respect of a Dispute other than the Dispute Resolution Procedure including, without limitation, the process in (a) Section 13 of the ISDA Master Agreement (b) Paragraph 4 of the ISDA Credit Support Annex (Bilateral Form – Transfer) or (c) Paragraph 5 of each of the ISDA Credit Support Deed (Bilateral Form – Security Interest) and the ISDA Credit Support Annex (Bilateral Form), in each case as may be amended between the parties.
If the parties have documented their derivative transactions under an ISDA Master Agreement, collateral is commonly provided pursuant to the 1994 ISDA Credit Support Annex under New York law (the ISDA NY CSA), the 1995 ISDA Credit Support Annex under English law (the ISDA English CSA) or the 1995 ISDA Credit Support Deed (the ISDA CSD).
Nothing in this Deed shall affect the continued application of the Original Credit Support Deed prior to the date hereof and all of the rights, benefits, obligations and liabilities of the Parties under the Original Credit Support Deed shall continue in full force and effect and continue to arise out of and be regulated by the terms of the Original Credit Support Deed up to the date hereof.
The Parties have entered into: (1) a 2002 ISDA Master Agreement dated as of 5th June 2007 (including the Schedule (“Original Schedule”) thereto) (the “Master Agreement”) and (2) a Credit Support Deed dated 5th June 2007 in connection with the Master Agreement (“Original Credit Support Deed”).
Except as otherwise provided herein, words and expressions used in this Deed shall have the meaning given to them in the Original Credit Support Deed.
Nothing in this Clause 2 shall affect, diminish or discharge in any way the rights, benefits, obligations and liabilities of the Parties under the Original Credit Support Deed arising out of or pursuant to any one or more events, circumstances or breaches of the Original Credit Support Deed occurring before the date hereof.
In particular, users should consult their legal advisers if they wish to have the Credit Support Deed made subject to a governing law other than English law.