Template:ISDA Master Agreement 1992 5(c): Difference between revisions

Latest revision as of 18:56, 2 February 2020

5(c) Event of Default and Illegality. If an event or circumstance which would otherwise constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default.

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	{{~~isdaprov~~\|5(c)}} '''{{~~isdaprov~~\|Event of Default and Illegality}}'''. If an event or circumstance which would otherwise constitute or ~~<br>~~give rise to an {{~~isdaprov~~\|Event of Default}} also constitutes an {{~~isdaprov~~\|Illegality}}, it will be treated as an {{~~isdaprov~~\|Illegality}} and will not ~~<br>~~constitute an {{~~isdaprov~~\|Event of Default}}. <br>		{{isda92prov\|5(c)}} '''{{isda92prov\|Event of Default and Illegality}}'''. If an event or circumstance which would otherwise constitute or give rise to an {{isda92prov\|Event of Default}} also constitutes an {{isda92prov\|Illegality}}, it will be treated as an {{isda92prov\|Illegality}} and will not constitute an {{isda92prov\|Event of Default}}. <br>