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

From The Jolly Contrarian
Jump to navigation Jump to search
Created page with "{{isdaprov|5(c)}} '''{{isdaprov|Event of Default}} and {{isdaprov|Illegality}}'''. If an event or circumstance which would otherwise constitute or <br>give rise to an {{isdapr..."
 
No edit summary
 
Line 1: Line 1:
{{isdaprov|5(c)}} '''{{isdaprov|Event of Default}} and {{isdaprov|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}}.
{{isda92prov|5(c)}} '''{{isda92prov|Event of Default}} and {{isda92prov|Illegality}}'''. If an event or circumstance which would otherwise constitute or <br>give rise to an {{isda92prov|Event of Default}} also constitutes an {{isda92prov|Illegality}}, it will be treated as an {{isda92prov|Illegality}} and will not <br>constitute an {{isda92prov|Event of Default}}.

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.