Consent - ISDA Provision

2002 ISDA Master Agreement A Jolly Contrarian owner’s manual™ consent in a Nutshell™ The JC’s Nutshell™ summary of this term has moved uptown to the subscription-only ninja tier. For the cost of ½ a weekly 🍺 you can get it here. Sign up at Substack. You can even ask questions! Ask about it here. consent in all its glory “consent” includes a consent, approval, action, authorisation, exemption, notice, filing, registration or exchange control consent. edit Related agreements and comparisons Click here for the text of Section consent in the 1992 ISDA Template:Isdadiff consent Resources and Navigation This provision in the 1992 Resources Wikitext | Nutshell wikitext | 1992 ISDA wikitext | 2002 vs 1992 Showdown | 2006 ISDA Definitions | 2008 ISDA | JC’s ISDA code project Navigation Preamble | 1 • (a) (b) (c) | 2 • (a) (b) (c) (d) | 3 • (a) (b) (c) (d) (e) (f) (g) | 4 • (a) (b) (c) (d) (e) | 5 • 5(a) Events of Default: 5(a)(i) Failure to Pay or Deliver 5(a)(ii) Breach of Agreement 5(a)(iii) Credit Support Default 5(a)(iv) Misrepresentation 5(a)(v) Default Under Specified Transaction 5(a)(vi) Cross Default 5(a)(vii) Bankruptcy 5(a)(viii) Merger Without Assumption 5(b) Termination Events: 5(b)(i) Illegality 5(b)(ii) Force Majeure Event 5(b)(iii) Tax Event 5(b)(iv) Tax Event Upon Merger 5(b)(v) Credit Event Upon Merger 5(b)(vi) Additional Termination Event (c) (d) (e) | 6 • (a) (b) (c) (d) (e) (f) | 7 | 8 • (a) (b) (c) (d) | 9 • (a) (b) (c) (d) (e) (f) (g) (h) | 10 | 11 | 12 • (a) (b) | 13 • (a) (b) (c) (d) | 14 | Index: Click ᐅ to expand: 2002 ISDA 1992 ISDA Premium version of this page

Overview

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You might wonder whether this term really needed definition, and what calamity might have befallen the derivatives world had it not been created. Go on; go on, oh ye mighty ninjas: write in and tell me. I’m all ears.

Summary

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If you are the sort of person you wonders whether the word “consent” includes permission, approval, regulatory authorisation or other general expression of acquiesence, and especially if you conclude it might not, this is the clause for you.

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See also

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• Offer and acceptance
• Consents generally