ISDA Master Agreement Notice

Breach of Agreement Default Notice

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Description:

Default Notice sent to the Counterparty of an ISDA Master Agreement for breach of the Agreement. A deadline is given for remedying the breach otherwise will result in early termination.

We refer to your failure to [BREACH]. We hereby give you notice that unless you remedy such failure on or before [DEADLINE], being the thirtieth day after this notice is deemed effectively delivered to you, an Event of Default will have occurred under Section 5(a)(ii) of the Agreement (Breach of Agreement). Thereupon, pursuant to Section 6 of the Agreement (Early Termination), the Company will be entitled to designate an Early Termination Date in respect of all Transactions.

In addition, pursuant to Section 2(a)(iii) of the Agreement, your failure to [BREACH] is a Potential Event of Default and we have the right to suspend all payments and deliveries specified in the relevant Confirmations immediately.

Document Type:

Letter / e-mail / note / correspondence

Category:

Business > Banking and Finance > Bonds / Debentures / Notes / Derivatives

 
Keywords:

ISDA

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credit support

,  

guarantor

,  

guarantee

,  

Master Agreement

,  

default

,  

failure

,  

breach

,  

breach of agreement

,  

derivatives

,  

event of default

,  

early termination

,  
Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.