Common use of DISAPPLICATION OF CERTAIN EVENTS OF DEFAULT Clause in Contracts

DISAPPLICATION OF CERTAIN EVENTS OF DEFAULT. (a)(v) will not apply in respect of Party A. Sections 5(a)(ii), 5(a)(iii), 5(a)(iv), 5(a)(v), 5(a)(vii)(2), (4) (to the extent that it relates to actions taken by Party A or its Affiliates), (6), (7) and (9), and 5(a)(viii) will not apply in respect of Party B. Section 5(a)(vii)(8) will not apply to Party B to the extent that it relates to Sections 5(a)(vii)(2), (4) (to the extent that it relates to actions taken by Party A or its Affiliates), (6) and (7).

Appears in 7 contracts

Sources: Isda Master Agreement (Holmes Master Issuer), Isda Master Agreement (Holmes Master Issuer), Isda Master Agreement (Holmes Master Issuer)