S&P Implications. (1) If Party A fails to post collateral as required by sub-paragraphs (f)(i)(x)(A) or (f)(i)(y)(A) above, such failure will not be or give rise to an Event of Default but will constitute an Additional Termination Event with respect to Party A which will be deemed to have occurred on the next Business Day (as defined in the Confirmation in respect of the Transaction under this Agreement other than the Transaction constituted by the Credit Support Annex) following the last day of the Initial Remedy Period or the Subsequent Collateral Remedy Period (as applicable) with Party A as the sole Affected Party and all Transactions as Affected Transactions.
Appears in 8 contracts
Samples: Master Agreement, Isda Master Agreement, Master Agreement
