Template:2002 ISDA Equity Derivatives Definitions 1.40: Difference between revisions
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Section {{eqderivprov|1.40}}. '''{{eqderivprov|Calculation Agent}}'''. | Section {{eqderivprov|1.40}}. '''{{eqderivprov|Calculation Agent}}'''. “'''{{eqderivprov|Calculation Agent}}'''” means the person or entity specified as <br>such in the related {{eqderivprov|Confirmation}}. Whenever a {{eqderivprov|Calculation Agent}} is required to act or to exercise <br>judgment in any way, it will do so in good faith and in a commercially reasonable manner. Furthermore, <br>each party agrees that the {{eqderivprov|Calculation Agent}} is not acting as a fiduciary for or as an advisor to such party <br>in respect of its duties as {{eqderivprov|Calculation Agent}} in connection with any {{eqderivprov|Transaction}}. <br> | ||
Revision as of 10:05, 16 September 2016
Section 1.40. Calculation Agent. “Calculation Agent” means the person or entity specified as
such in the related Confirmation. Whenever a Calculation Agent is required to act or to exercise
judgment in any way, it will do so in good faith and in a commercially reasonable manner. Furthermore,
each party agrees that the Calculation Agent is not acting as a fiduciary for or as an advisor to such party
in respect of its duties as Calculation Agent in connection with any Transaction.