2002 ISDA Master Agreement definition
Examples of 2002 ISDA Master Agreement in a sentence
The terms of Section 13(b) of the 2002 ISDA Master Agreement shall apply to this Novation Agreement with references in such Section to “this Agreement” being deemed references to this Novation Agreement alone.
This Confirmation, together with any other Confirmations for registered forward transactions entered into between Party A and Party B in connection with the Sales Agreement (as defined below) (each, an “Additional Confirmation”) shall supplement, form a part of, and be subject to an agreement in the form of the 2002 ISDA Master Agreement (the “Agreement”) as if Party A and Party B had executed an agreement in such form on the Trade Date.
If the Agreement is a 2002 ISDA Master Agreement, the definition of "Proceedings" in Section 14 shall be amended so that the reference to "Section 13(b)" shall be changed to refer to "Section 13(c)".
In determining the Early Termination Amount, references to the “Determining Party” in the first paragraph of the definition of “Close-out Amount” in the deemed 2002 ISDA Master Agreement shall be deemed to be references to the “Non-affected Party”.
If such Adhering Parties have not entered such an agreement, unless otherwise specified in the applicable rules, protocol, or other form of agreement of the Sponsor of this Multilateral Master Confirmation, the Master Agreement shall be an agreement in the form of the 2002 ISDA Master Agreement (Multicurrency-Cross Border) without any Schedule, except the governing law shall be New York law and the Termination Currency or Base Currency (as the case may be) shall be U.S. Dollars.
This Confirmation shall be subject to an agreement (the “Agreement”) in the form of the 2002 ISDA Master Agreement (the “ISDA Form”) as if Party A and Party B had executed an agreement in such form (without any Schedule but with the elections set forth in this Confirmation).
Notwithstanding the foregoing and item 6 of the Attachment to the 871(m) Protocol, Counterparty and Dealer acknowledge and agree that neither of them is making the representation set forth in Part 2(a)(i) of the Schedule to each 2002 ISDA Master Agreement.
Party A and Party B have previously entered into that certain 2002 ISDA Master Agreement, dated as of May 20, 2013 (together with the Schedule thereto, the Credit Support Annex to the Schedule and each Confirmation exchanged thereunder, as amended on December 4, 2014, as further amended on September 26, 2014 and as further amended, supplemented or otherwise modified from time to time, the Agreement).
This Agreement is and shall for all purposes be deemed to be an amendment and restatement of the terms of the Amended and Restated Covered Bonds 2002 ISDA Master Agreement dated as of August 1, 2014 between the parties hereto (the “Original Master Agreement”).
We conclude in our ISDA Netting Opinion that, in our view, each of the 1992 ISDA Master Agreement and 2002 ISDA Master Agreement is a “close-out netting contract” for the purposes of the Netting Act, provided that, in the case of the 1992 ISDA Master Agreement, “Second Method” is chosen.