Template:ISDA Master Agreement 1992 6(b)(iii): Difference between revisions

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:{{isdaprov|6(b)(iii)}} '''{{isdaprov|Two Affected Parties}}'''. If an {{isdaprov|Illegality}} under Section {{isdaprov|5(b)(i)(1)}} or a {{isdaprov|Tax Event}} occurs and there are two {{isdaprov|Affected Parties}}, each party will use all reasonable efforts to reach agreement within 30 days after notice thereof is given under Section {{isdaprov|6(b)(i)}} on action to avoid that {{isdaprov|Termination Event}}. <br>
:{{isda92prov|6(b)(iii)}} '''{{isda92prov|Two Affected Parties}}'''. If an {{isda92prov|Illegality}} under Section {{isda92prov|5(b)(i)(1)}} or a {{isda92prov|Tax Event}} occurs and there are two {{isda92prov|Affected Parties}}, each party will use all reasonable efforts to reach agreement within 30 days after notice thereof is given under Section {{isda92prov|6(b)(i)}} on action to avoid that {{isda92prov|Termination Event}}. <br>

Latest revision as of 18:56, 2 February 2020

6(b)(iii) Two Affected Parties. If an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there are two Affected Parties, each party will use all reasonable efforts to reach agreement within 30 days after notice thereof is given under Section 6(b)(i) on action to avoid that Termination Event.
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