Template:Nutshell 2002 ISDA 5(b)(i): Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) Created page with "{{isdaprov|5(b)(i)}} '''{{isdaprov|Illegality}}'''. Taking account of any fallbacks and remedies in the {{isdaprov|Transaction}}, for reasons outside the affected party's cont..." |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{isdaprov|5(b)(i)}} '''{{isdaprov|Illegality}}'''. Taking account of any fallbacks and remedies in the {{isdaprov|Transaction}}, for reasons | {{isdaprov|5(b)(i)}} '''{{isdaprov|Illegality}}'''. Taking account of any fallbacks and remedies in the {{isdaprov|Transaction}}, for reasons beyond the affected party's control, (and 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 the {{isdaprov|Transaction}} or any {{isdaprov|Credit Support Document}}. <br> | ||
Revision as of 13:34, 3 October 2017
5(b)(i) Illegality. Taking account of any fallbacks and remedies in the Transaction, for reasons beyond the affected party's control, (and 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 the Transaction or any Credit Support Document.