Examples of Annual Revocation Date in a sentence
Annual Revocation Date means, with respect to each calendar year, December 31 of such calendar year.
We consent to the publication of the conformed copy of this notice by ISDA on and after the Annual Revocation Date and to the disclosure by ISDA of the contents of this letter.
If December 31 in any calendar year is not a day on which ISDA’s London office is open, the Annual Revocation Date with respect to such calendar year will be deemed to occur on the next day that ISDA’s London office is open.
J is irrevocable except that Participant may, on any Business Day during the Annual Revocation Period, deliver a notice substantially in the form of Exhibit 2 to this Annex J to designate the next Annual Revocation Date as the last date on which any Counterparty may accept this Annex J in respect of any Covered Master Agreement then or in the future between the Counterparty and such Participant, as provided in clause A of Section V.
Although amendments already made will not be revoked, any subsequent adherence by new Adhering Parties after the designated Annual Revocation Date will not bind the party that has submitted a Revocation Notice.
We consent to the publication of the conformed copy of this notice by ICE Trade Vault upon receipt and after the Annual Revocation Date and to the disclosure by ICE Trade Vault of the contents of this letter.
Upon the effective designation of the next Annual Revocation Date by an Adhering Party, this Protocol will not amend any ISDA Master Agreement or Other Agreement between that Adhering Party and a party which adheres to this Protocol after that Annual Revocation Date occurs and such ISDA Master Agreement or Other Agreement will not be a Protocol Covered Agreement.
The foregoing is without prejudice to any amendment effected pursuant to this Protocol to any Protocol Covered Agreement between two Adhering Parties that each adhered to this Protocol on or before the day on which that Annual Revocation Date occurs or is deemed to occur, regardless of the date on which such Protocol Covered Agreement is entered into, and any such amendment shall be effective notwithstanding the occurrence or deemed occurrence of such Annual Revocation Date.
Credit Enhancement by that Adhering Party in favor of a party which adheres to this Protocol after that Annual Revocation Date occurs, or by such a party in favor of that Adhering Party, and such Covered Agreement or Credit Enhancement will not be a Protocol Covered Agreement.
Annual Revocation Date means, with respect to each calendar year, 31 December of such calendar year.