Termination of course of dealings by notice - OSLA Provision: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 10: | Line 10: | ||
===Clause comparison with {{isdama}}=== | ===Clause comparison with {{isdama}}=== | ||
By way of ''further'' comparison, the {{isdama}} | By way of ''further'' comparison, the {{isdama}} doesn’t have a general termination right of this sort ''at all''. You can ''only'' terminate {{isdaprov|Transactions}}, not the master agreement construct which sits around them itself. It is an immortal husk. This is to do with paranoid fears about the efficacy of the ISDA’s sainted [[close-out netting]] terms — meh; maybe — but I like to think it has unleashed on the world an army of wight-walker zombie ISDAs, doomed to roam the earth until the [[Omega|day of judgment]], apropos nothing but there, undead, and ready to animate and rally to the banner of Sauron, Beelzebub, [[Lehman Brothers]] etc., should they be reincarnated, to rain apocalyptic hell on the armies of men. |