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| ==1992 ISDA Master Agreement==
| | {{isdasnap|5(a)(vii)}} |
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| (vii) '''Bankruptcy'''. The party, any Credit Support Provider of such party or any applicable {{isdaprov|Specified Entity}} of such party: —
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| (1) is dissolved (other than pursuant to a consolidation, amalgamation or merger); (2) becomes
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| insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay
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| its debts as they become due; (3) makes a general assignment, arrangement or composition
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| with or for the benefit of its creditors; (4) institutes or has instituted against it a proceeding
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| seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or
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| insolvency law or other similar law affecting creditors’ rights, or a petition is presented for its
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| winding-up or liquidation, and, in the case of any such proceeding or petition instituted or
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| presented against it, such proceeding or petition (A) results in a judgment of insolvency or
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| bankruptcy or the entry of an order for relief or the making of an order for its winding-up or
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| liquidation or (B) is not dismissed, discharged, stayed or restrained in each case within 30 days
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| of the institution or presentation thereof; (5) has a resolution passed for its winding-up, official
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| management or liquidation (other than pursuant to a consolidation, amalgamation or merger);
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| (6) seeks or becomes subject to the appointment of an administrator, provisional liquidator,
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| conservator, receiver, trustee, custodian or other similar official for it or for all or substantially
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| all its assets; (7) has a secured party take possession of all or substantially all its assets or has
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| a distress, execution, attachment, sequestration or other legal process levied, enforced or sued
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| on or against all or substantially all its assets and such secured party maintains possession, or
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| any such process is not dismissed, discharged, stayed or restrained, in each case within 30 days
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| thereafter; (8) causes or is subject to any event with respect to it which, under the applicable
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| laws of any jurisdiction, has an analogous effect to any of the events specified in clauses (1)
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| to (7) (inclusive); or (9) takes any action in furtherance of, or indicating its consent to, approval
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| of, or acquiescence in, any of the foregoing acts; or
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| ==[[2002 ISDA Master]] Provision==
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| (vii) Bankruptcy. The party, any Credit Support Provider of such party or any applicable Specified Entity of such party:―
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|
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| (l) is dissolved (other than pursuant to a consolidation, amalgamation or merger); (2) becomes insolvent or is unable to
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| pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (3) makes a
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| general assignment, arrangement or composition with or for the benefit of its creditors; (4)(A) institutes or has
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| instituted against it, by a regulator, supervisor or any similar official with primary insolvency, rehabilitative or
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| regulatory jurisdiction over it in the jurisdiction of its incorporation or organisation or the jurisdiction of its
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| head or home office, a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any
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| bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition is presented for its
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| winding-up or liquidation by it or such regulator, supervisor or similar official, or (B) has instituted against it
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| a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law
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| or other similar law affecting creditors’ rights, or a petition is presented for its winding-up or liquidation, and
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| such proceeding or petition is instituted or presented by a person or entity not described in clause (A) above and
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| either (I) results in a judgment of insolvency or bankruptcy or the entry of an order for relief or the making of an
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| order for its winding-up or liquidation or (II) is not dismissed, discharged, stayed or restrained in each case within
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| 15 days of the institution or presentation thereof; (5) has a resolution passed for its winding-up, official management
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| or liquidation (other than pursuant to a consolidation, amalgamation or merger); (6) seeks or becomes subject to the
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| appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar
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| official for it or for all or substantially all its assets; (7) has a secured party take possession of all or
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| substantially all its assets or has a distress, execution, attachment, sequestration or other legal process levied,
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| enforced or sued on or against all or substantially all its assets and such secured party maintains possession, or
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| any such process is not dismissed, discharged, stayed or restrained, in each case within 15 days thereafter; (8) causes
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| or is subject to any event with respect to it which, under the applicable laws of any jurisdiction, has an analogous
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| effect to any of the events specified in clauses (l) to (7) above (inclusive); or (9) takes any action in furtherance of,
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| or indicating its consent to, approval of, or acquiescence in, any of the foregoing acts; or
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| ===Speed Read=== | | ===Speed Read=== |
| In essence the {{2002ma}} defintion amounts to the following | | In essence the {{2002ma}} defintion amounts to the following: |
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| The Counterparty, any {{isdaprov|Credit Support Provider}} or {{isdaprov|Specified Entity}}:― | | The Counterparty, any {{isdaprov|Credit Support Provider}} or {{isdaprov|Specified Entity}}:― |