Template:M comp disc 2002 ISDA Specified Entity: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
← Older edit
VisualWikitext
No edit summary
Replaced content with "{{isda Specified Entity comp|isdaprov}}"
Tag: Replaced
 
(One intermediate revision by the same user not shown)
Line 1: Line 1:
Same concept in both versions of the {{isdama}} only with different clause numberings. {{isdaprov|Specified Entity}} is relevant to:
{{isda Specified Entity comp|isdaprov}}
*{{isdaprov|DUST}}
*{{isdaprov|Cross Default}}
*{{isdaprov|Bankruptcy}}
*{{isdaprov|Credit Event Upon Merger}}
And of course the {{isdaprov|Absence of Litigation}} representation. Let’s not forget that.
 
Each party designates its Specified Entities for each of these events in Part 1(a) of the Schedule, which gives the Schedule its familiar layout:
{{subtableflex|48|
{{ISDA Master Agreement 2002 Schedule Part 1(a)}} }}

Latest revision as of 16:15, 2 January 2024

They got their over-engineering right in the first go round, and the “Specified Entity” concept is largely the same in the 2002 ISDA as it was in the 1992 ISDA. The Absence of Litigation clause got a makever on 2002 to include Specified Entities, too — in 1992 it only mentioned Affiliates. Good, huh?

Fun fact: in the 1992ma, it says “Specified Entity has the meanings” — plural — “specified in the Schedule.” By 2002, ISDA’s crack drafting squad™ had come back to its senses. JC mentions this only to demonstrate his own unfathomable attention to detail, and to point up a want of fastidiousness on the part of the fastidiousest cabal known to law.

Retrieved from "https://jollycontrarian.com/index.php?title=Template:M_comp_disc_2002_ISDA_Specified_Entity&oldid=82076"