Template:Nutshell 2002 ISDA 5(b)(i): Difference between revisions
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{{isdaprov|5(b)(i)}} '''{{isdaprov|Illegality}}'''. Taking account of any fallbacks and remedies in the {{isdaprov|Transaction}}, for reasons beyond the | :{{isdaprov|5(b)(i)}} '''{{isdaprov|Illegality}}'''. Taking account of any fallbacks and remedies in the {{isdaprov|Transaction}}, for reasons beyond the {{isdaprov|Affected Party}}’s control, (not counting a lack of authorisation required under Section {{isdaprov|4(b)}}), it would be illegal in any relevant jurisdiction to comply with any material term of a {{isdaprov|Transaction}} or {{isdaprov|Credit Support Document}}. <br> | ||
Latest revision as of 16:19, 26 February 2020
- 5(b)(i) Illegality. Taking account of any fallbacks and remedies in the Transaction, for reasons beyond the Affected Party’s control, (not counting a lack of authorisation required under Section 4(b)), it would be illegal in any relevant jurisdiction to comply with any material term of a Transaction or Credit Support Document.