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

DISAPPLICATION OF CERTAIN EVENTS OF DEFAULT. (i) Sections 5(a)(ii) (Breach of Agreement; Repudiation of Agreement) of this Agreement will not apply in respect of Party B. (ii) Section 5(a)(iii) (Credit Support Default) of this Agreement will not apply in respect of Party B. (iii) Section 5(a)(iv) (Misrepresentation) of this Agreement will not apply in respect of Party B. (iv) Section 5(a)(v) (Default Under Specified Transaction) of this Agreement will not apply in respect of Party B.

Appears in 1 contract

Sources: Payment Agreement

DISAPPLICATION OF CERTAIN EVENTS OF DEFAULT. (i) Sections 5(a)(ii) (Breach of Agreement; Repudiation of Agreement) of this Agreement will not apply in respect of Party B. (ii) Section 5(a)(iii) (Credit Support Default) of this Agreement will not apply in respect of Party B. (iii) Section 5(a)(iv) (Misrepresentation) of this Agreement will not apply in respect of Party B. (iv) Section 5(a)(v) (Default Under Specified Transaction) of this Agreement will not apply in respect of Party B.

Appears in 1 contract

Sources: Payment Agreement