Common use of Credit Support Default Clause in Contracts

Credit Support Default. Section 5(a)(iii) of this Agreement is hereby amended by the addition of “or if there is no applicable grace period, three Local Business Day after notice of such failure is given to the party or Credit Support Provider (as the case may be)” after “elapsed” in the fourth line thereof.

Appears in 2 contracts

Sources: Isda Master Agreement, Isda Master Agreement (Barnes Group Inc)

Credit Support Default. Section 5(a)(iii) of this Agreement is hereby amended by the addition of “or if there is no applicable grace period, three one Local Business Day after notice of such failure is given to the party or Credit Support Provider (as the case may be)” after “elapsed” in the fourth line thereof.

Appears in 1 contract

Sources: Isda Master Agreement (Brookstone Inc)

Credit Support Default. Section 5(a)(iii) of this Agreement is hereby amended by the addition of "or if there is no applicable grace period, three one Local Business Day after notice of such failure is given to the party or Credit Support Provider (as the case may be)" after "elapsed" in the fourth line thereof.

Appears in 1 contract

Sources: Isda Master Agreement (Dune Energy Inc)