ACCOUNT_JOB_COMPANY

ACCOUNT_ADDRESS_SINGLE_LINE

PARTY_1_NAME

PARTY_1_ADDRESS_MULTI_LINE

For the attention of: PARTY_1_CONTACT

  

30 November 2024

Dear PARTY_1_CONTACT,

Notice of Default 

Reference is made to the ISDA Master Agreement (the “Agreement”) dated DATE between ACCOUNT_JOB_COMPANY (“Company”) and PARTY_1_NAME (the “Counterparty”). Capitalised terms used and not otherwise defined in this letter shall have the meanings given to them in the Agreement.

In accordance with Section 9(h)(i) of the Agreement, a delivery with details as set out below was required to be made by the Counterparty to the Company on DUE_DATE. Such delivery has not been received by the Company and the Company hereby demands that such delivery be made immediately to the Company.

We hereby give you notice that unless such failure to DEFAULT is remedied on or before DEADLINE, being the third Local Business Day after this notice is deemed effective, an Event of Default will have occurred until Section 5(a)(i) of the Agreement (Failure to Pay or Deliver). 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)(ii) of the Agreement, your failure to make a DEFAULT is a Potential Event of Default and we have the right to suspend all payments and deliveries specified in the relevant Confirmations immediately.

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