Template:ISDA Master Agreement 2002 6(b)(i): Difference between revisions
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{{isdaprov|6(b)(i)}} '''{{isdaprov|Notice}}'''. If a {{isdaprov|Termination Event}} other than a {{isdaprov|Force Majeure Event}} occurs, an {{isdaprov|Affected Party}} will, promptly upon becoming aware of it, notify the other party, specifying the nature of that {{isdaprov|Termination Event}} and each {{isdaprov|Affected Transaction}}, and will also give the other party such other information about that {{isdaprov|Termination Event}} as the other party may reasonably require. If a {{isdaprov|Force Majeure Event}} occurs, each party will, promptly upon becoming aware of it, use all reasonable efforts to notify the other party, specifying the nature of that {{isdaprov|Force Majeure Event}}, and will also give the other party such other information about that {{isdaprov|Force Majeure Event}} as the other party may reasonably require.<br> | :{{isdaprov|6(b)(i)}} '''{{isdaprov|Notice}}'''. If a {{isdaprov|Termination Event}} other than a {{isdaprov|Force Majeure Event}} occurs, an {{isdaprov|Affected Party}} will, promptly upon becoming aware of it, notify the other party, specifying the nature of that {{isdaprov|Termination Event}} and each {{isdaprov|Affected Transaction}}, and will also give the other party such other information about that {{isdaprov|Termination Event}} as the other party may reasonably require. If a {{isdaprov|Force Majeure Event}} occurs, each party will, promptly upon becoming aware of it, use all reasonable efforts to notify the other party, specifying the nature of that {{isdaprov|Force Majeure Event}}, and will also give the other party such other information about that {{isdaprov|Force Majeure Event}} as the other party may reasonably require.<br> | ||
Latest revision as of 08:56, 1 August 2018
- 6(b)(i) Notice. If a Termination Event other than a Force Majeure Event occurs, an Affected Party will, promptly upon becoming aware of it, notify the other party, specifying the nature of that Termination Event and each Affected Transaction, and will also give the other party such other information about that Termination Event as the other party may reasonably require. If a Force Majeure Event occurs, each party will, promptly upon becoming aware of it, use all reasonable efforts to notify the other party, specifying the nature of that Force Majeure Event, and will also give the other party such other information about that Force Majeure Event as the other party may reasonably require.