✨ Financial Agreement Provisions
4398 NEW ZEALAND GAZETTE, No. 177 22 DECEMBER 2010
(g) Additional Representations. Each party hereby represents to the other (which representation will be deemed to be repeated as of each date on which it, transfers Eligible Credit Support or Equivalent Credit Support (as applicable)) that:
(A) all consents, approvals or other authorisations of any governmental authority or regulatory body required in connection with the transfer of Eligible Credit Support or Equivalent Credit Support (as applicable) have been obtained and are in full force and effect and all conditions of any such consents have been complied with; and
(B) on such date:
(i) its assets exceed its liabilities; and
(ii) it is able to pay its due debts and will not become unable to do so as a result of the transfer.
(h) Address for Transfer.
(i) Other Provisions.
(A) Wire Transfers. At any time when a party shall be required to transfer Eligible Credit Support in the form of cash hereunder such party shall, unless otherwise instructed by the other party, transfer the relevant amount by means of a wire transfer of immediately available funds denominated in the Eligible Currency for credit to the account of its counterparty.
(B) Demand and Notices. Any notice or communication hereunder shall be sufficiently given if given in accordance with the provisions of this Agreement and will be effective at the same time such notice or communication would be effective pursuant to Section 12 of this Agreement.
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NZ Gazette 2010, No 177
✨ LLM interpretation of page content
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Form of Credit Support Annex
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🏛️ Governance & Central AdministrationLegal Form, Credit Support Annex, Financial Agreement, Transfer Procedures, Valuation