Template:Currency indemnity capsule: Difference between revisions

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(Created page with "A currency indemnity is a part of the boilerplate that is so deeply entrenched, — that passeth so much understanding — that generations of legal eagles have just abided by it, never asking what it is or why it is there. It just ''is''. You will find them in ISDAs, loans, bonds, repacks. They are sprayed wordily over all kinds of financial instrument, comfy textual furniture to make it all seem serious and important. So if you are in a hurry, stop there: it is f...")
 
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A currency indemnity is a part of the [[boilerplate]] that is so deeply entrenched, — that passeth so much understanding — that generations of legal eagles have just abided by it, never asking what it is or why it is there. It just ''is''.  You will find them in ISDAs, loans, bonds, repacks. They are sprayed wordily over all kinds of financial instrument, comfy textual furniture to make it all seem serious and important.
A [[currency indemnity]] is a part of the [[boilerplate]] that is so deeply entrenched, — that passeth so much understanding — that generations of legal eagles have just abided by it, never asking what it is or why it is there. It just ''is''.  You will find them in ISDAs, loans, bonds, repacks. They are sprayed wordily over all kinds of financial instrument, comfy textual furniture to make it all seem serious and important.


So if you are in a hurry, stop there: it is fine; leave it; carry on. You should not expect much by way of negotiation on a currency indemnity (among others, for the same reason, that no-one else knows what it is for).  
So if you are in a hurry, stop there: it is fine; leave it; carry on. You should not expect much by way of negotiation on a currency indemnity (among others, for the same reason, that no-one else knows what it is for).