Template:M comp disc 2002 ISDA 5(b)(ii): Difference between revisions
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Note that, while the {{1992ma}} does not contain the concept of [[force majeure]], there is an [[ISDA Illegality/Force Majeure Protocol]] (see [http://www.isda.org/2012illegalityprot/docs/ISDA_Protocol_-_Adoption_of_2002_Illegality_FM_provisions_Final.pdf here]) which can be signed to adopt/incorporate the relevant parts. | Note that, while the {{1992ma}} does not contain the concept of [[force majeure]], there is an [[ISDA Illegality/Force Majeure Protocol]] (see [http://www.isda.org/2012illegalityprot/docs/ISDA_Protocol_-_Adoption_of_2002_Illegality_FM_provisions_Final.pdf here]) which can be signed to adopt/incorporate the relevant parts. | ||
{{isdadisambiguation|Tax Event|Force Majeure Event}} | {{isdadisambiguation|Tax Event|Force Majeure Event|5(b)(ii)}} | ||
Revision as of 19:39, 13 December 2020
Numbering Discrepancy: Note the numbering discrepancy in Section 5(b) between the 1992 ISDA and 2002 ISDA. This is caused by a new 5(b)(ii) (Force Majeure Event) in the 2002 ISDA before Tax Event, which is thus shunted from Section 5(b)(ii) (in the 1992 ISDA) to Section 5(b)(iii) (in the 2002 ISDA).
Note that, while the 1992 ISDA does not contain the concept of force majeure, there is an ISDA Illegality/Force Majeure Protocol (see here) which can be signed to adopt/incorporate the relevant parts.
Numbering Discrepancy: Note the numbering discrepancy in Section 5(b) between the 1992 ISDA and 2002 ISDA. This is caused by a new 5(b)(ii) (Force Majeure Event) in the 2002 ISDA before Tax Event, which is thus shunted from Section 5(b)(ii) (in the 1992 ISDA) to Section 5(b)(iii) (in the 2002 ISDA).
Depending on your edition of the ISDA Master Agreement, “5(b)(ii)” could be a reference to: