Affected Party - ISDA Provision: Difference between revisions

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==Commentary==
==Commentary==
Note that ISDA in its wisdom chose not to have a generic term for the sort of person who is subject to either a Termination Event or a Default Event, so there is much "Defaulting Party of Affected Party, as the case may be" sort of malarkey.
Note that [[ISDA]] in its wisdom chose not to have a generic term for the sort of person who is subject to either a {{isdaprov|Termination Event}} {{isdaprov|or}} an {{isdaprov|Event of Default}}, so there is much "{{isdaprov|Defaulting Party}} or {{isdaprov|Affected Party}}, as the case may be" sort of malarkey.


==Related Concepts==
==Related Concepts==

Revision as of 11:27, 4 December 2012

In gory detail

1992 ISDA
Affected Party” has the meaning specified in Section 5(b) (Termination Events).

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2002 ISDA
Affected Party” has the meaning specified in Section 5(b) (Termination Events).

(view template)

Commentary

Note that ISDA in its wisdom chose not to have a generic term for the sort of person who is subject to either a Termination Event or an Event of Default, so there is much "Defaulting Party or Affected Party, as the case may be" sort of malarkey.

Related Concepts