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Template:ISDA Master Agreement 1992 5(b)(i): Difference between revisions
Template:ISDA Master Agreement 1992 5(b)(i) (view source)
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Amwelladmin (talk | contribs) (Created page with "{{isdaprov|5(b)(i)}} '''{{isdaprov|Illegality}}'''. Due to the adoption of, or any change in, any applicable law after the date on which <br>a {{isdaprov|Transaction}} is ente...") |
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{{isdaprov|5(b)(i)}} '''{{isdaprov|Illegality}}'''. Due to the adoption of, or any change in, any applicable law after the date on which <br>a {{isdaprov|Transaction}} is entered into, or due to the promulgation of, or any change in, the interpretation by <br>any court, tribunal or regulatory authority with competent jurisdiction of any applicable law after <br>such date, it becomes unlawful (other than as a result of a breach by the party of Section {{isdaprov|4(b)}}) for <br>such party (which will be the {{isdaprov|Affected Party}}): — <br> | {{isdaprov|5(b)(i)}} '''{{isdaprov|Illegality}}'''. Due to the adoption of, or any change in, any applicable law after the date on which <br>a {{isdaprov|Transaction}} is entered into, or due to the promulgation of, or any change in, the interpretation by <br>any court, tribunal or regulatory authority with competent jurisdiction of any applicable law after <br>such date, it becomes unlawful (other than as a result of a breach by the party of Section {{isdaprov|4(b)}}) for <br>such party (which will be the {{isdaprov|Affected Party}}): — <br> | ||
:(1) to perform any absolute or contingent obligation to make a payment or delivery or to <br>receive a payment or delivery in respect of such {{isdaprov|Transaction}} or to comply with any other <br>material provision of this {{isdaprov|Agreement}} relating to such {{isdaprov|Transaction}}; or <br>(2) to perform, or for any {{isdaprov|Credit Support Provider}} of such party to perform, any contingent <br>or other obligation which the party (or such {{isdaprov|Credit Support Provider}}) has under any Credit <br>Support Document relating to such {{isdaprov|Transaction}}; <br> | :{{isdaprov|5(b)(i)(1)}} to perform any absolute or contingent obligation to make a payment or delivery or to <br>receive a payment or delivery in respect of such {{isdaprov|Transaction}} or to comply with any other <br>material provision of this {{isdaprov|Agreement}} relating to such {{isdaprov|Transaction}}; or <br> | ||
:{{isdaprov|5(b)(ii)(2)}} to perform, or for any {{isdaprov|Credit Support Provider}} of such party to perform, any contingent <br>or other obligation which the party (or such {{isdaprov|Credit Support Provider}}) has under any Credit <br>Support Document relating to such {{isdaprov|Transaction}}; <br> | |||