11 U.S.C. § 560 : US Code - Section 560: Contractual right to liquidate, terminate, or accelerate a swap agreement

Search 11 U.S.C. § 560 : US Code - Section 560: Contractual right to liquidate, terminate, or accelerate a swap agreement

The exercise of any contractual right of any swap participant or
financial participant to cause the liquidation, termination, or
acceleration of one or more swap agreements because of a condition
of the kind specified in section 365(e)(1) of this title or to
offset or net out any termination values or payment amounts arising
under or in connection with the termination, liquidation, or
acceleration of one or more swap agreements shall not be stayed,
avoided, or otherwise limited by operation of any provision of this
title or by order of a court or administrative agency in any
proceeding under this title. As used in this section, the term
"contractual right" includes a right set forth in a rule or bylaw
of a derivatives clearing organization (as defined in the Commodity
Exchange Act), a multilateral clearing organization (as defined in
the Federal Deposit Insurance Corporation Improvement Act of 1991),
a national securities exchange, a national securities association,
a securities clearing agency, a contract market designated under
the Commodity Exchange Act, a derivatives transaction execution
facility registered under the Commodity Exchange Act, or a board of
trade (as defined in the Commodity Exchange Act) or in a resolution
of the governing board thereof and a right, whether or not
evidenced in writing, arising under common law, under law merchant,
or by reason of normal business practice.