For the attention of: PARTY_1_CONTACT
06 October 2022
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.
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.
In accordance with Section 12(a) of the Agreement, this notice is being sent by courier during normal business hours and will be deemed effective today.
This notice shall be governed and construed in accordance with the same laws of the Agreement.