Inability of Head or Home Office to Perform Obligations of Branch - ISDA Provision: Difference between revisions
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{{ | {{fullanat|isda|5(e)|2002}} |
Revision as of 17:17, 20 March 2018
2002 ISDA
then, for so long as the relevant event or circumstance continues to exist with respect to both the Office referred to in Section 5(b)(i)(1) or 5(b)(ii)(1), as the case may be, and the Affected Party’s head or home office, such failure will not constitute an Event of Default under Section 5(a)(i) or 5(a)(iii)(1).
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- ↑ The line breaks are for comprehension and do not appear in the original