Template:M summ 2018 CSD 8(a): Difference between revisions
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“[[8(a) - IM CSD Provision|If]] there is a {{imcsdprov|Secured Party Rights Event}} ...” sounds casual, nonchalant, easy-to-navigate sort of a question, doesn’t it. Hold on to that thought as you stumble into the purgatorial torture chamber — no, no; that is ''not'' an oxymoron: the precise instrument of torture that {{icds}} favours most is a form of grey, entropic monotony, that cold, incessant drip on your forehead that you would expect in purgatory and not the ninth circle of hell — that is the ’squad’s definition of “{{imcsdprov|Secured Party Rights Event}}”. Above the door to that ''chambre d’ennuyeux'' is inscribed: “abandon hope, all ye who enter here”. | |||
Oh, how you will regret that you ever asked. | |||
Latest revision as of 14:27, 16 March 2022
“If there is a Secured Party Rights Event ...” sounds casual, nonchalant, easy-to-navigate sort of a question, doesn’t it. Hold on to that thought as you stumble into the purgatorial torture chamber — no, no; that is not an oxymoron: the precise instrument of torture that ISDA’s crack drafting squad™ favours most is a form of grey, entropic monotony, that cold, incessant drip on your forehead that you would expect in purgatory and not the ninth circle of hell — that is the ’squad’s definition of “Secured Party Rights Event”. Above the door to that chambre d’ennuyeux is inscribed: “abandon hope, all ye who enter here”.
Oh, how you will regret that you ever asked.