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Document Description
The ISDA Master Agreement Notice is a document that serves as a notice of early termination under the ISDA Master Agreement between two parties, namely the account job company and the counterparty. The document begins with the account job company providing their information, including their address and the name of the counterparty. The purpose of the notice is to inform the counterparty that an event of default or an early termination event has occurred with respect to the account job company. The specific details of the event are mentioned in the document.
The notice specifies the early termination date, which cannot be earlier than the date the notice is received by the counterparty and cannot be later than 20 calendar days following the date of the notice. It also mentions that the account job company will provide a statement specifying the payments due in relation to the early termination date.
The document is governed by the same laws as the ISDA Master Agreement and does not waive any rights the account job company may have under the agreement. The company reserves all rights and remedies at law, equity, or under the agreement or elsewhere.
In summary, the ISDA Master Agreement Notice is an important document that serves as a formal notice of early termination under the ISDA Master Agreement. It provides detailed information about the event of default or early termination event, specifies the early termination date, and mentions the provision of a statement for the payments due.
How to use this document?
1. Enter the account job company's and counterparty's information, including their addresses, in the document. This ensures clear identification of both parties.
2. Determine whether the notice is for an event of default or an early termination event and provide the specific details of the event in the document.
3. Specify the early termination date, ensuring that it is not earlier than the date the notice is received and not later than 20 calendar days following the date of the notice.
4. Mention that the account job company will provide a statement specifying the payments due in relation to the early termination date.
5. Ensure that the notice is sent by courier during normal business hours, in accordance with section 12(a) of the agreement.
6. Clarify that the notice is governed by the same laws as the ISDA Master Agreement.
7. Emphasize that the notice does not waive any rights the account job company may have under the agreement and that the company reserves all rights and remedies at law, equity, or under the agreement or elsewhere.
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