83,371
edits
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 7: | Line 7: | ||
*'''{{{{{1}}}|DUST}}''' references notice requirements and [[grace period]]s under the {{{{{1}}}|Specified Transaction}} (where there is has been a [[default]]) but not where it is a [[repudiation]], but that kind of figures. | *'''{{{{{1}}}|DUST}}''' references notice requirements and [[grace period]]s under the {{{{{1}}}|Specified Transaction}} (where there is has been a [[default]]) but not where it is a [[repudiation]], but that kind of figures. | ||
*'''{{{{{1}}}|Cross Default}}''', that most absurd of all {{{{{1}}}|Events of Default}}, has no notice requirement, no [[grace period]], and doesn't even require the lender of the {{{{{1}}}|Specified Indebtedness}} to have exercised a termination right — though any [[grace period]] under the {{{{{1}}}|Specified Indebtedness}} still applies. | *'''{{{{{1}}}|Cross Default}}''', that most absurd of all {{{{{1}}}|Events of Default}}, has no notice requirement, no [[grace period]], and doesn't even require the lender of the {{{{{1}}}|Specified Indebtedness}} to have exercised a termination right — though any [[grace period]] under the {{{{{1}}}|Specified Indebtedness}} still applies. | ||
*{{{{{1}}}|Bankruptcy}} has no notice requirement or [[grace period]] (indeed, on {{{{{1}}}|Automatic Termination Event}} applies it may happens even without the {{{{{1}}}|Non-defaulting Party}}’s knowledge), though there are some [[grace period]]s under the various [[tedious]] limbs of {{{{{1}}}|Bankruptcy}} definition<ref>See for example Sections | *{{{{{1}}}|Bankruptcy}} has no notice requirement or [[grace period]] (indeed, on {{{{{1}}}|Automatic Termination Event}} applies it may happens even without the {{{{{1}}}|Non-defaulting Party}}’s knowledge), though there are some [[grace period]]s under the various [[tedious]] limbs of {{{{{1}}}|Bankruptcy}} definition<ref>See for example Sections 5(a)(viii)(4) and (7).</ref>, and these vary by edition of the {{isdama}}<ref>30 days in the {{1992ma}}, 15 days in the {{2002ma}}; | ||
*'''{{{{{1}}}|Merger Without Assumption}}''' has neither notice requirement or [[grace period]] — again not unreasonable since a merger without assumption is tantamount to a [[repudiation]] of [[contract]], and if you’re not playing the [[Hermeneutical boundaries|hermeneutic game]] no more, there is no reason ''I'' should. | *'''{{{{{1}}}|Merger Without Assumption}}''' has neither notice requirement or [[grace period]] — again not unreasonable since a merger without assumption is tantamount to a [[repudiation]] of [[contract]], and if you’re not playing the [[Hermeneutical boundaries|hermeneutic game]] no more, there is no reason ''I'' should. |